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Anybody planning on listening to the earnings call on Monday?
My fear with all these public Canadian companies losing money is the fact that there are private companies actually making money there. I understand these public Canadian companies need to raise money but trulieve did that and was profitable before going public! There is a ton of competition in Canada I think that is what investors are overlooking.
Definitely saturated. That is why I am such a believer in this company! They are in two of the most profitable markets in Massachusetts and Florida with extremely limited competition. It gives them time to get everything perfected while making industry leading profits!
Cartonet these folks just do not understand! It is crazy folks investing their hard earned money with no clue in regards to rule regulating restricted shares, what actual volume is or how this business works!
Just an FYI 269k shares traded on the Canadian exchange. I have stated before the US volume is much lower you have to look at Canadian exchange where vast majority of trading of TRUL is!
They are talking total weight, they aren’t giving flower numbers which I am referring to. They don’t sell flower they sell processed flower ie cartridges, shatter etc. they have flower in tiny vape cups and sample flower in there shop so people can see what is in the vape cups. That flower is b/b+ grade at most. You can buynliterally tons of that grade of flower for $500-700lb on the Colorado and Oregon market that is third party lab tested. Florida is all in house tratingbwith absolutely no oversight(they have no budget for it). I am heavily invested here and believe in this stock but they could never compete in a mature market like Colorado or Oregon but they don’t have to! That is the sweet spot they have in Florida and now Massachusetts which is huge. Hopefully they spend some of their vast resources refining their grow techniques and increasing efficiency.
Industry standard is 1 lb per 10 ft2. That is total space, cloning, vegetative, flowering and trimming. I doubt these companies are doing that but in Colorado if you can’t do that you are *UCKED.
You realize that those Super Voting Shares can't be sold until they are listed on a major US exchange(NYSE, Nasdaq)? And yes even at that inflated valuation. Can you name another MJ company that is as profitable???
This is the most undervalued MJ stock on the market!
Wow they moved up the date by 10 days. I got a great feeling about this!!
This is gonna take back off in my opinion, especially after next report due November 29th. The Canadian market is totally overvalued and taxed to death. Taxes are so high on Canadian Marijuana that the Black market is sure to continue there in a very big way!
This does not reflectthe total volume on this stock. Most of trading is done on canadian exchange so far volume there today is 130k shares 3 hrs open
This is on the Grey??
November 29th report is due!!!! $$$$
Basically the law in Georgia is very restrictive. Not a great target for e pension at this time imo
https://www.google.com/amp/s/www.ajc.com/news/state--regional-govt--politics/georgia-medical-marijuana-expansion-bill-signed-into-law/Iz3WHluWq8OZ7rdffKUZPM/amp.html
Georgia cbd only at this point
I am purchasing my shares through a broker who specializes in Canadian stocks. I know some folks are have success with fidelity and td. Etrade has that 40day delay as well. This is gonna see a bump on November 4 simply because it will be easier for folks to buy.
I am not betting on big out of state purchase. I bought this stock because they control the market in Florida for all intents and purposes, other companies have a ton of catching up to do if it s even possible!! The fact that they are making money(actual profits) makes them truly stand out from the crowd. If they can convince the legislature to pass a bill similar to Illinois that allows DRs to prescribe MMJ rather than opiods that could be huge and I think it is realistic. I am not aware of any actions for a recreational bill in Florida but if that happens this thing will fly to unknown heights. I expect a onsiderable bump upwards when they release 3rd quarter numbers end of November and again when they release yeare numbers in early 2019. They continue to increase their footprint with more stores and expanding grows to meet demand. All the right moves IMO
Do any of you with etrade accounts know when they will allow trading on this?
This is gonna be a very interesting week! I would be suprised to see asks below $20 tomorrow morning after this interview
Canadian Exchange is not open so this is pretty impressive to me! Also shows how interest and volume will spike when folks can trade on all platforms, Come on Etrade get with it!
stabilization before it goes to 30. Etrade will allow trading after 40 days so about a month more before they come online. Next numbers come out November 29th, I expect increased sales from additional stores, increased stored from 16 originally reported and more product from new grow.
Volume is up, look in canada where it is traded over 900k shares traded today 2 hrs after market opened!
HOLY COW!! I am up 85% with my initial investment I purchased last Tuesday morning. I tried to buy more today at $17.50 Canadian and that didn’t pan out.
this will give you quotes on canadian mkt
https://www.td.com/ca/markets-research/stocks/stocks.jsp?country=ca&symbol=TRUL&language=en
I bought on Canadian and will re up on canadian because they have 4-5 times the volume
Hell no it is ove $17 canadian now at 13.50 us!! Go TRUL
From what I see on stockwatch.com pre market bids and asks are $17.00 canadian
$20.00 by the end of this week!
Yes they just recently opened another grow, but they probably haven’t had a harvest from it yet. When they do it should help the production shortages. They also were the first dispensary in Florida to offer shatter just a few wks ago and from my understanding it was a huge seller!!
I don't understand why this was changed from TRUL and now has no quotes or pricing?
I used Paulson investments in Idaho through penntrade. Couldn't do it on Jp morgan, ed jones, etrade or td ameritrade.
If this could be traded easily it would be through the roof!!
$$$$
Over $11.00 now, I am gonna enjoy saying I told you so on this one!!
I haven't seen a full prospectus but there are some numbers available
https://markets.businessinsider.com/news/stocks/trulieve-achieves-significant-growth-in-the-second-quarter-of-2018-1027558179
Yes they currently have 17 stores open and will soon reach the as of now limit of 25. They do have a lawsuit to be able to open more than 25 stores. I would bet they have over 20 stores by the end of the year and their numbers for 2nd quarter alone beat tilrays for the whole year ending june 30!!
They are well capitalized and the largest operation in Florida.
Remember they are still operating under one of the original CBD only licenses issued prior to the passage of high thc medicine being allowed. Since they and others already had the CBD licenses they were immediately allowed to start selling high thc. For this reason I see a vote for recreational in Florida as a HUGE plus for trulieve and other operators there as the statewill most certainly allow them to transition to recreational where new companies will have to go through the onerous Florida application process. Remember the vote for medical marijuana in Florida was almost 2 yrs ago (Nov 8 2016) and even though 10 additioanl license were supposed to be issued by oct 2017 only 6 were and those were to existing applicants from original cbd only applications.
No they will stay on CSE with that ticker, they already did a reverse merger with schyan exploration to get listed there. Folks mistakenty bought the trul that is on the otc that is why it went up 380% 2 days ago. once this stock is easy to buy it will be $100. Financial numbers are better than tilray
This is gonna go through the roof! This company has better financials than Canadian companies with market caps over 5 billion!
Haven't been here for a little bit, still sitting on my last 25,000 shares. I think I'll wait til it hits 10 again before unloading them. Go CANN!!!
Oh you got it backwards it is gonna go down and up, not up and down.
sell 20% of your holdings and let the rest ride
At this point I am playing with the house money, I have owned up to 100k shares at once over past 3+yrs. highest i ever paid is 3.60. the 25k I still own are a long term thing for me, I have mad plenty of money with CANN. Just sitting on it now
Me too, but it doesn't look like it is gonna happen! I guess i will have to stick with my 25k shares I have in long term hold