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The pot market has changed dramatically today.
Profits are now going to drive PPS. GTI reports Wednesday. If they report decent profits the market will go nuts. Lousy earnings and the pot companies are going to lose until Trulieve reports the following week.
Fun times
Weekly numbers were stunning. Over 28,000 oz. of flower and over 74 mil in oils. Unreal results.
Expect the stock to clear $30/share by months end.
My unicorn.
Onward.
Yes, a happy day to be sure.
Now we have the Senate to deal with and a double election in GA.
I’m exhausted, but Tru keeps knocking it out of the park every week, so all is good.
It’s a great dispensary, I think Stuart is doing quite well too.
Since I have large positions in both, I am forced to agree.
Bend my arm, please.
LMAO.
Sometimes, Cabos you are just too much. Thanks for the morning laugh.
Much appreciated.
I might add that Trulieve’s Dutch Hawaiian Sativa is one beautiful smoke. Just f’ing delightful.
They truly have their act together.
Completely agree.
Yes. Grow Healthy and LHS are both relatively close to Trulieve. GH has some interesting flower from time to time, but it’s too much work to time their arrivals.
Tru had seven varieties of flower available all weekend.
It’s really a no brainer.
Btw, their Gainesville facility is only 300,000 sf of grow, and has already had to destroy one crop because of mold.
To most observers in Florida, LHS is thought to be on everyone’s radar for Florida expansion. My bet is they sell before summer 2021. Final price - just diluted stock in somebody else.
LHS has a big problem, a major problem.
They are almost always out of flower. If you can’t grow it, you can’t sell it. And if you don’t have it, clients won’t come.
I’m not sure about management’s ability to grasp the basics of the Cannabis industry.
Growing it is the single most important thing. For revenues, for margins, for profitability.
Unto LHS gets it, their just a dog.
Great come back. Have a safe weekend
Something like that. Then I’ll hold until this time next year and do an evaluation.
Hopefully it will be a hell yeah.
If you are a bit overweighted here, that might be a terrific idea.
To each their own, my experience has been find the strongest horse and ride it to glory.
It’s worked real well so far.
Onward
The problem is grow with Liberty. Too many dispensaries with way too little greenhouse capacity. But they are going to try again, so I have a small position for fun and games.
Meta I have way too much stock so this merger is a blessing.
Could be interesting, and hopefully profitable.
I wonder if I should charge them for reading all my posts and condensing with numbers from Yahoo finance, eh?
As I’ve said too many times, forget stock price, look a market value to profits. We are so undervalued it’s ridiculous. If we had the same as GTI or Cura, one thousand shares would give you a nice down payment on a very decent house.
Never fear. Kim will keep being Kim with that eagle eye on the expenses, and we just keep growing great Cannabis for us wonderful people in Florida. All we can buy. That’s the secret.
If they ever allow wholesale in Florida we could easily be a billion dollar revenue machine.
The Curaleaf shelf prospectus is fascinating. Too many states that have just three dispensaries or less. The overhead must be financially killing them.
With most states giving licenses for each step of the process, grow, production, and retail it is easy to see why profits are so hard to come by. As you get closer to the consumer, margins get hammered.
Florida did it right, although I have trouble believing my state could do anything correctly.
And with little grow everywhere Cura gets high costs of production and very little ability to “lay off” any overproduction except where they hold multiple licenses and that state allows wholesaling. No wonder this industry is nuts half the time. Too many companies have to act like General Motors with revenues like a car dealership to support mammoth overhead.
Tru is both lucky and good. Florida is the gold mine. Everywhere else is some silver, a little copper, and a lot of cash out.
Couldn’t find it. Seder has Curaleaf’s shelf prospectus for one billion bucks. Other than that.....
That’s a huge dilution btw.
Very nice numbers and another big revenue week. If this keeps up thru December, our year end figures are going to be absolutely stunning.
But in truth I’m not surprised. Eight to ten varieties of flower readily available almost everywhere. Grow it, and they will come.
Onward.
I like the merger. Time will tell how well it works, but the financials make sense.
Nice move.
It’s cheap at these prices. Once on the US exchange $40/share is just the beginning
Friday’s numbers should be stunning. Ten varieties of flower in their dispensaries
Unreal
And Trulieve has 10 different varieties of flower in stock.
What LHS needs is a miracle human. Unfortunately she is CEO of Tru.
Their quarter numbers are going to be atrocious and maybe Funman will be right. In another month this stock is going to put a whole new meaning to a penny stock. And somebody is going to buy them for a song. If you can’t grow, they won’t come.
Btw, I do have some of this turkey, but not very much anymore. At forty one cents a share I bailed on almost all my holdings here. Florida is a flower state.
Yep, yep, hooray.
Just imagine the volume of flower every single week and growing almost 1800 ounces per.
A machine. Go deep, go strong.
My unicorn
It doesn’t make any difference. Tru has over two million sf of grow and Florida is a seed to sale state. LHS claims they have 300,000 sf of grow. And they have no money to add greenhouses.
They are yesterday’s news.
In the meantime, who is going to buy a company with less than minor grow into the jaws of a fully functional machine that’s adding grow like crazy.
That’s your bet.
Mine is their track record is dismal. The odds of a correction under existing management is nil.
Many other places to invest
It’s way more than that. Their pricing is terrible. Clients down here are smart and many have been using Cannabis for decades. We know the difference.
Tru not only has the goods, they also have variety. When LHS has flower it’s just that strain, that’s it. One choice. That ain’t gonna hunt in Florida.
Their CDB and oils are the same. Tru has Kief, Shatter, wax, etc in many different strains.
To me it’s now investing in an 800 pound gorilla or the kid trying to ride a two wheeler for the first time.
And the killer - Trulieve was founded by nurserymen. So they know how to grow product. LHS hasn’t a clue.
BLUE WAVE
I use Trulieve almost exclusively. Had a bad experience with LHS on both quality and delivery. Took a week to deliver and the quality of flower was pathetic. Smelled like burning rubber
and was only 14% THC. Your local dealer does better. Not even going to get into pricing. My buddies here tell me their stores are always out of something they advertise. In Stuart, where I live, you never see cars in their parking lot, while just down the road Trulieve is packed. I use Grow Healthy at times and they are far better than LHS.
Now, discussing the stock price. No comparison. Trulieve makes profits, lots of profits. Forty million last quarter. Cash profits, which is why they have the coin to keep opening new dispensaries
If LHS ever gets back to forty cents I’m gone. Dead company, dead money.
Btw, their grow facilities suck.
In typical Florida fashion the state is so behind on testing that eatables won’t be a significant revenue stream until 2021.
Ridiculous. But then it’s the same state murdering it’s seniors.
We be the 800-pound gorilla.
Truth is LHS is getting their ass handed to them from just about everyone else in the industry in Florida. Their SKU counts and product are inferior to the competition. Their ability to successfully expand is highly suspect. Management is more focused on lining their pockets than increasing shareholder value.
And their flower numbers clearly show a slow death. At thirty eight cents a share this is dead money about to get buried.
OMMU numbers out. 26,800 oz flower 65,000+ grams high THC oils. Both over 52% of the market.
A $13-million week.
Awesome
Agreed.
The key will be financials that are fully GAAP compliant and listings on either the NASDAQ or the NYSE.
Then you’ll see a real explosion in value.
Interesting text from Tru just now. They are loaded with flower just before the weekend.
You have to admit, they do know how to run a business. Expect great OMMU numbers later today.
Actually the whole share price thingy is just that.
Trulieve’s dominance in Fl gives it a lower cost of operations and economies of scale. The key in the future is across state lines for shipping Cannabis. With their grow now approaching almost 3-million sf, the sky is the limit. And they could easily expand northward into the Carolinas with a low cost product.
Time will tell. In the mean Trulieve is still the only producer making real profits. And that is the key.
We should test new highs before the earnings announcement, which will be a blockbuster.
True.
We are in a trading range now until the quarterly reports in November.
Good time to just relax and stay safe.