I am really not worried about the price. I said it was going to hit the single digits. And while it seems unlikely our do nothing congress will pass anything, sales are still occurring and TCNNF is still opening dispensaries. So I'm not too concerned. Would I like it to be 50, hell yes. I'm not looking for a huge return in a short period of time, it generally doesn't happen that easy. So like I've said before, unless you are in a buy and hold situation, you may be looking at the wrong stock. The continued inaction by congress will hurt the smaller outfits more than TCNNF, so there will be other opportunities for TCNNF to expand. No investment advice, just opinions.

Hate to tell you, but you didn't save 6k because you sold yesterday, at a loss from what you said. You could have sold higher today at one point. Meanwhile I still own TCNNF and even though the price dropped today I didn't lose anything because I didn't sell. The government will allow you to deduct your loss from what I understand, but since I didn't lose anything I can't deduct a drop in stock price. That would be nice, but it isn't accurate. You only lose when you sell below the price you bought at. No investment advice here, do your own thing.

IMO we will hit a new low if legislation doesn't get approved in this term of the senate. All of the MJ stocks have been taking a beating because our fearless leaders can't get things done. Schumer is a disappointment.

I'm afraid this is just one of those trolls. You can't logically compare the two companies in any manner.

McConnell needs to go.

Amazon didn't have to get every states approval to open facilities or do business. There is really no comparison, just so you know. You don't expand TCNNF by just opening grow facilities and dispensaries, without buying someone else's licenses. But I think you know that right?

Yep, ended down, but did go much higher today before the big drop. I pretty much have what I had yesterday because I haven't sold. You only take a loss or make a gain when you sell. At least that's how the government considers it. So I guess I'm good.

I guess today's action shows it's hard to predict price movement over the short term. If you sold yesterday, you could have made more today.

Love your charts. So what is the new trend? Up or down?

Lostcoastkid
Re: None
Thursday, December 01, 2022 6:26:17 PM
Post# of 16127 Go
Best I have seen the chart look in awhile, still some hurdles but the Heikin Ashi on the weekly is showing a new trend has started, we will see….charts done mean anything from what I hear. Break the 200, backtest of support and the pom poms can get dusted off

Its all my opinion anyway, what do i know

LCK

I think we see single digits this week and I think I'm going to buy some soon. Waiting for people to drop out of the market.

Good luck to you man. I don't really rely on neighbors for my investment advice. I'm sure they are pissed, anybody that loses a job is pissed if they didn't know it was coming.

Immaterial event.

https://seekingalpha.com/news/3915819-connecticut-to-begin-adult-use-marijuana-sales-jan-10

Both the House and Senate were scheduled to leave Washington, D.C., for the year at the end of the week.
The House, instead, has formally added a week to its schedule, meaning the lower chamber will now start its break by Dec. 20, while senators are warning they could remain in session right up until Christmas.

Let's hope they get something done. Unbelievable they can't put something together that would bypass McConnell's obstructionist attitude.

FL OMMU week ending 9 Dec.
90,015,463 mgs THC
1,018,039 mgs low THC
37,422.210 oz smokeable.

Let's try again. https://www.marijuanamoment.net/will-congressional-leaders-include-marijuana-banking-in-the-omnibus-spending-bill-expected-on-monday/

It only takes a few radical up and downs to convince people this stock moves on legislation possibilities.

Thank you. We are on the same page.

I think you have to max out your dispensaries in the states you currently have grow facilities. Maybe another merger or buying other dispensaries might not be the best use at this junction, but if you already have established facilities that's another story.

With this location showing opening soon. It will make 20 dispensaries in PA, as many as AZ.
Bethlehem
3301 Easton Ave Bethlehem, PA 18020
Get Directions
Coming Soon

IMO Time for shorty to move on. This will have some effect on TCNNF sales possibly, but it is going to help Trulieve by forcing smaller players out. https://www.cnbc.com/2022/12/09/marijuana-industry-sales-slowdown.html

Another article about Safe. In the article they say they have 59 votes for a stand alone bill.
https://www.marijuanamoment.net/marijuana-banking-sponsor-lays-out-plan-to-advance-reform-after-exclusion-from-defense-bill-sharply-rebuking-senate-blockade/

Marijuana Banking Sponsor Lays Out Plan To Advance Reform After Exclusion From Defense Bill, Sharply Rebuking Senate Blockade

A stock in my portfolio, buy and hold. Today pre-market +7.56 (+17.48%) It was down $1 yesterday.

Don't see how it will have a substantial impact.

We agree. I'm not saying charts aren't helpful. They just don't predict a major upturn in this particular stock.

McConnell is bad for the country. He needs to move on. While I agree with attaching various unrelated bills is crap, Schumer should have been able to put the marijuana issue to a vote before now. The repubs and dems are getting in the way of progress. Legislation related to most everything is going to be a cluster xxxx

McConnell Brags About Marijuana Banking Defeat In Defense Bill, Signaling He’ll Fight To Stop It In Omnibus Spending Too.

I'll have to go with Cabo on this one. It was the Senate that caused the wild swings.No amount of charting will get you in and out fast enough to take advantage of the movement. I'm not writing off the Senate just yet, although I'm am saying they suck.

“In our view, the NDAA represented the most likely path for SAFE Banking + to being enacted. Its absence now leaves year-end funding or a standalone bill as its only avenues for passage,” said Benjamin Salisbury, research director at Height Capital Markets, in a note. He gives the cannabis banking bill just a 35% or 40% chance of becoming reality in 2022.

On the other hand, Cowen analyst Jaret Seiberg said he always had viewed a year-end omnibus funding bill as the most likely vehicle. “To us, the SAFE Act is moving along the path that we expected. There is still risk that it won’t pass. But nothing that has occurred so far is enough for us to reduce our 75% expectation that the SAFE Act becomes law this year,” Seiberg said in a note.

So IMO who really knows until 31 Dec. What I do know is legislation will move this stock dramatically one way or the other depending on the outcome.

That would be a big NO.

Interesting how news is whipsawing the stock. The other day charts were looking really positive. Of course all of this is playing out just like I said, "NEWS determines the price". It was up due to anticipation of Safe and it is now down due to the lack of follow through so far by congress.

McConnell needs to head back to KY and stay there, quit the senate and call it a day. Schumer should have gotten his act together earlier in the year also and put something out there that could be voted on. What a bunch of idiots. If this doesn't pass by the end of the year I'm gonna quit watching things so closely.

I wouldn't count out a bill passage by year end.

https://www.washingtontimes.com/news/2022/dec/5/senate-eyes-passing-marijuana-bills-early-christma/

I'm going to rely on TCNNF to make decisions as to running the company. I don't see a lot that I would change.

It's fairly apparent with the self off this morning that obstacles yesterday surfaced causing the decline. It is very frustrating watching the do nothing congress and senate. They've had all year to get this done.

From an article I read concerning PA. Last year Quincy, Florida-based Trulieve bought three buildings, including a former U.S. Steel guard house, and nearly 37 acres from the Regional Industrial Development Corp. to build a medical marijuana cultivation and processing facility in McKeesport, totaling at least 508,000 square feet — a sprawling nine football fields in size.

And: https://ca.finance.yahoo.com/news/trulieve-launches-khalifa-kush-cannabis-124700143.html

This is an article about Curaleaf, but I would think pertains to TCNNF also. From and interview with their CEO.
On Curaleaf’s latest earnings call, you mentioned you’re looking into uplisting to a larger exchange such as the Nasdaq. Can you share more?

Yeah, so hopefully SAFE passes in the lame-duck (Congress).

And, if that occurs, the U.S. exchanges potentially are going to be available depending on what the language of that law actually says.

So we have been proactively speaking to Nasdaq about that opportunity.

That Nasdaq lists non-plant-touching companies that derive all the revenue from plant-touching companies or international companies that are not even U.S.-based feels a little backward.

But to list U.S. plant-touching companies, they need federal legislation to permit them to do that.

We’ve been talking to the (Toronto Stock Exchange) as well.

I think there’s a path potentially to uplist to the TSX, which would be an improvement in liquidity and availability of at least some institutional investors to purchase our stock.

We’re having all of those conversations, and ultimately, we want to figure out the best opportunity for liquidity being accessible to the larger investor base.

Pretty heavy volume over the first 30 minutes. Let's see where it ends up.

Anybody got an explanation for the upward march, other than it being news and anticipation that Safe in some for will pass before the end of the year ? People are jumping on board. We are now getting close to a double from the low.

Rivers has already mentioned that once they are able to uplist they have things in order to do so. Waiting on the senate to get their act together.

From what I've read DOJ has already signed off on Safe.

https://www.msn.com/en-us/news/us/senate-aims-to-attach-major-marijuana-legislation-to-end-of-year-must-pass-bills-report/ar-AA14RA9d

I agree there will be opportunities. I do think we are looking at some great opportunities right now with some stocks. As far as TCNNF, I'm loaded and I see a favorable long term regardless of the overall economy. The inflation story is one that nobody seems to be sure of, but I am speculating by 2024 at the latest, inflation will be much lower. The Chinese are mucking up the world economy, as are the Saudis and Russians. Some of these things the US has very little control over. History has taught us that the market goes up over the longer term.


"The nominal return on investment of $100 is $121.89, or 121.89%. This means by 2022 you would have $221.89 in your pocket.

However, it's important to take into account the effect of inflation when considering an investment and especially a long-term investment. You can convert S&P returns to their real (inflation-adjusted) value using an inflation calculation based on the U.S. Bureau of Labor Statistics Consumer Price Index (CPI).
In the case of the returns described above, the CPI in 2016 was 240.007 and the CPI in 2022 was 298.012.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 6 years.
Adjusted for inflation, the $221.89 nominal end value of the original $100 investment would have a real return of roughly $78.70 in 2016 dollars. This means the inflation-adjusted return is 78.70% as opposed to the original 121.89%.

The information on this page is derived from Robert Shiller's book, Irrational Exuberance and the accompanying dataset, as well as the U.S. Bureau of Labor Statistics' monthly CPI logs."

So I don't really see the politics of the country effecting the overall market over the long term. Generally we have a higher return during years we have a democrat in the presidency, other than that I'm not sure much politically effects the longer term. Just my opinion.