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This time it may be different .
Production is underway and margins are low
And the trend remains down
Everyone who bought in the last two years has a loss
Low margin users have bigger losses
GOOD POINT
Over supply in Canada by 26 months by mr green239
Based on Stats Canada cannabis retail sales and supply and demand numbers from the Governments Cannabis Tracking System.. The market is oversupplied by nearly $3B.
August Sales
12,917kg @ $6.00/g - $77,502,000
11,705L @ $4.25/ml - $49,879,000
$127,381,000
Total Inventory
389,059kg @ $6.00/g - $2,334,354,000
155,128L @ $4.25/ml - $659,294,000
$2,993,648,000
www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=2010000801&pickMembers%5b0%5d=2.30&pickMembers%5b1%5d=3.1
www.canada.ca/en/health-canada/services/drugs-medication/cannabis/licensed-producers/market-data/supply-demand.html
If all cannabis supply lines were instantly cut.. with an average monthly dried herb demand of 15,000kg, inventories would deplete for over 26 months until empty.
Meaning... in two years from now, you could consume cannabis that was cultivated and inventoried today.
Inventories will increase at higher rates.
Over 6 million cannabis plants in Canada are seeded and growing - equating to additional increases totalling at least another 300,000kg over the next 6 months.
The number of LPs is constantly increasing. The total active cultivation area (390 acres as of June 2019) will increase 10 fold.
Margins are still insanely high.
Wholesale prices will inevitably drop.
Companies will collapse.
Good luck !
Buy only when the trend is up.
The fact remains. The trend remains down.
I like TCNNF
Thanks! You two really know TCNNF
What about EARNINGS ?
Snapback24 Another high poster of TCNNF
Must know the company very well !
Trulieve reported 2018 Q4 results which showed another quarter of strong revenue growth despite a severe deterioration in gross margin.
Looking into 2019, we expect Trulieve to continue its dominance in Florida aided by recent settlement with the state to open up to 49 stores.
Despite its success in Florida, the company needs to establish growth markets outside Florida; its recent two acquisitions were too small.
So where do they do MOST of their business ?
How do you have a short squeeze when there is an OVER SUPPLY ?
EST EPS = -.02 DATE 11/19/19
TCNNF serves mostly FLORIDA
Looking for re bound
Float = 52.40M
Profit/Loss = $ -5.15M
Market Cap = $ 311.42M
So now we know the FA reason for the down trend.
OVER SUPPLY by 26 months
So now we know the FA reason for the down trend.
OVER SUPPLY by 26 months
This stock may get re bound
Float = 1.02B
Market Cap = $ 2.77B
Over supply in Canada by 26 months by mr green239
Based on Stats Canada cannabis retail sales and supply and demand numbers from the Governments Cannabis Tracking System.. The market is oversupplied by nearly $3B.
August Sales
12,917kg @ $6.00/g - $77,502,000
11,705L @ $4.25/ml - $49,879,000
$127,381,000
Total Inventory
389,059kg @ $6.00/g - $2,334,354,000
155,128L @ $4.25/ml - $659,294,000
$2,993,648,000
www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=2010000801&pickMembers%5b0%5d=2.30&pickMembers%5b1%5d=3.1
www.canada.ca/en/health-canada/services/drugs-medication/cannabis/licensed-producers/market-data/supply-demand.html
If all cannabis supply lines were instantly cut.. with an average monthly dried herb demand of 15,000kg, inventories would deplete for over 26 months until empty.
Meaning... in two years from now, you could consume cannabis that was cultivated and inventoried today.
Inventories will increase at higher rates.
Over 6 million cannabis plants in Canada are seeded and growing - equating to additional increases totalling at least another 300,000kg over the next 6 months.
The number of LPs is constantly increasing. The total active cultivation area (390 acres as of June 2019) will increase 10 fold.
Margins are still insanely high.
Wholesale prices will inevitably drop.
Companies will collapse.
Over supply in Canada by 26 months by mr green239
Based on Stats Canada cannabis retail sales and supply and demand numbers from the Governments Cannabis Tracking System.. The market is oversupplied by nearly $3B.
August Sales
12,917kg @ $6.00/g - $77,502,000
11,705L @ $4.25/ml - $49,879,000
$127,381,000
Total Inventory
389,059kg @ $6.00/g - $2,334,354,000
155,128L @ $4.25/ml - $659,294,000
$2,993,648,000
www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=2010000801&pickMembers%5b0%5d=2.30&pickMembers%5b1%5d=3.1
www.canada.ca/en/health-canada/services/drugs-medication/cannabis/licensed-producers/market-data/supply-demand.html
If all cannabis supply lines were instantly cut.. with an average monthly dried herb demand of 15,000kg, inventories would deplete for over 26 months until empty.
Meaning... in two years from now, you could consume cannabis that was cultivated and inventoried today.
Inventories will increase at higher rates.
Over 6 million cannabis plants in Canada are seeded and growing - equating to additional increases totalling at least another 300,000kg over the next 6 months.
The number of LPs is constantly increasing. The total active cultivation area (390 acres as of June 2019) will increase 10 fold.
Margins are still insanely high.
Wholesale prices will inevitably drop.
Companies will collapse.
Thanks for the info
Number of Employees 77
Too bad the CGC stock was mostly HYPE.
As shown by it's drop in price to 15.33 Today.
And that is below 17
Earnings Tuesday 11/19/2019
https://investors.trulieve.com/events-presentations
Earnings ON Monday ? 11/19 ?
TODAY CHANGE IN %
Look at VFF -7.79 %
01 TCNNF Trulieve Cannabis 11/18 8.56
-06 CURLF Curaleaf Hldgs 11/19 4.76
-05 CRLBF Cresco Labs 8/22 4.34
22 SOXL - Semiconductor Bull 3x Shares 2.48
23 TECL - Technology Bull 3x Shares 1.96
21 TQQQ QQQ Bull 3x Shares 1.63
-09 MJ ETF -2.15
-03 CGC Canopy Growth 11/14 -2.53
-01 APHA Aphria 10/15 -2.72
-04 WEED.TO Canopy Growth 11/14 -3.39
-07 HEXO.TO HEXO 10/28 -6.02
-08 VFF Village Farms Intern 11/15 -7.79
-02 ACB Aurora Cannabis 11/14 -14.74
today % change
Look at ACB -14.89 %
01 TCNNF Trulieve Cannabis 11/18 9.78
-05 CRLBF Cresco Labs 8/22 5.35
-06 CURLF Curaleaf Hldgs 11/19 5.22
22 SOXL - Semiconductor Bull 3x Shares 2.53
23 TECL - Technology Bull 3x Shares 1.96
21 TQQQ QQQ Bull 3x Shares 1.58
-09 MJ ETF -2.27
-03 CGC Canopy Growth 11/14 -2.71
-01 APHA Aphria 10/15 -3.06
-04 WEED.TO Canopy Growth 11/14 -3.15
-07 HEXO.TO HEXO 10/28 -5.62
-08 VFF Village Farms Intern 11/15 -6.91
-02 ACB Aurora Cannabis 11/14 -14.89
The double bottom must be confirmed by a higher high.
The last part of the W