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Go Trulieve I’m happy
We will see. My experience with local NJ politics says this will be a long and expensive process.
Not sure the profits will be strong enough to be with the effort.
I’d stick to more hospitable environments
That’s New Jersey. You know that state that leads the nation in public officials demanding “campaign funds” from commercial petitioners
It would be the last state I’d be putting my business investments in
Sound like the perfect plan
We are just rocking along dominating the market, making money, adding new outlets, etc., etc.
Next quarter numbers are going to be stunning.
Big ass smile .
MA doesn’t do what FL does in tracking cannabis usage. Making it difficult to evaluate market share and product mix.
My friends in MA say flower is hit and miss and always in short supply.
As I said so many times before, this is a production industry.
And Trulieve knows how to produce.
I love commercial battles.
This is going to be fun. GTI vs Trulieve in MA
Moseson has been replaced by the production chief as COO and has left the company.
The Dems will sweep. SAFE will be Las by March 21. Then comes decriminalized cannabis and in 22 the removal from the narcotics list. After that it’s Katie Bar The Door
That was a given. It was wired shut last week.
Going to be interesting in MA once that production machine of theirs gets wound up,
That’s not my point.
It’s a question of making profits against the capital costs. And then generating enough funds to cover operating expenses
I just don’t see it with a one percent market share.
I would think closer to three bucks a share after their first harvest
Social distancing is good. GTI is wasting its money in Florida trying to compete with a company that has two million sf of covered grow space and 48 outlets going to 60. It’s like AMC thinking they can compete GM. Ain’t going to happen.
If this is how they think at GTI this will not end well.
They are traded as TRUL.WT. Strictly Canadian
Interesting. My bet is they bail from Florida to focus on Illinois. They only have six dispensaries here and their product selection frankly sucks compared to Trulieve, LHS, and surprise Grow Healthy.
As for revenue, big deal. Long term investors want profits, market share strength, and an extensive SKU game.
The Rise stores I’ve been in here are sad. There is just no other word that applies. They’ll be out of FL by the end of the year. It’s just too expensive to support their operations with such merger local resources.
If I were suggesting an additional investment in FL I’d have to go with LHS at this point.
Otherwise life is good. My COVID test was negative and it’s Hurricane season. That’s what makes this market so powerful. People do stock up.
Cheers.
Now that makes no sense at all
Don’t bother answering
I don’t understand what you are saying at all.
Profits rule, not revenues.
Just ask GE.
One note - the revenue falling 18% is wrong. What fell is the rate of increase y/y. So what? Nobody grows at 50% quarter after quarter in two years.
You all crack me up. Profits, my boy, profits. That’s what drives value. Revenue means nothing if you can’t make money.
And GTI isn’t making any.
Period.
GTI is too scattered and has no real impact in any of its markets.
In Florida they have just six dispensaries and their flower sales for six outlets for a week is what one Trulieve dispensary sells in one day. And TCNNF has 50 dispensaries.
Until old Ben gets the idea of how to actually run a business in the agricultural space, I will continue to buy their competitors stocks.
Much to do about nothing. The fact is there are 110 million shares outstanding. Earnings are based on that number.
Who owns what is in the annual report Do your due diligence
Sticks go up and down. When you have a company like Trulieve with steadily increasing sales and expanding profits, don’t worry about the stock price.
There are much bigger issues to worry about
I’m an investor, not a trader. And if I ever saw an acquisition target, it’s LHS.
Fair market value is about 60 cents a share.
When LHS reaches that price it most likely be because they are being purchased.
Hell, Kim says nice things about everybody.
The fact is they are not competitors they are just wannabes.
And their flower sucks. I know I’m I user and have been for decades.
Bullshit article by a guy that never ran anything and has no idea how business actually works
My instincts are this is just a bad press release
That’s ok with me. I’ve got LHS shares at damn near their 52 week low
Big smile
Thousands of shares.
But it’s a buyout candidate
It’s certainly not Trulieve which is the class of the industry
It’s short covering. And it won’t last
Veritical integration is the only way to make profits in this business. Trulieve proves that every quarter
As I’ve said before, it’s a horticultural industry where supply rules.
And there is no dispute over that
I tend to disagree. Production is the key. Outlets are nice, but the growing, packaging, and distribution aspects are the reasons for Trulieve’s success.
If you want to be the biggest then by all means spend your capital on licenses, etc.
If you want to be the most profitable, do exactly what you are doing now - grow, package, distribute.
Have a safe and warm Memorial Day weekend my friends.
Beg to differ a bit.
Success is repeating Florida. One state at a time. It’s not a sprint, it’s building extraordinary depth in each state market
Profitability is more important than gross revenues.
At least one pundit realizes Trulieve is a unicorn.
When we are listed on a US exchange, the stock is going to go thru the roof.
Meanwhile prudent accumulation is the order of the day
I’ve been saying this all along.
Trulieve is a unicorn
You are a dime high Bob. Lol.
Nobody is going to want to put that much goodwill on their balance sheet
And time will tell.
If that were the case LHS should go for around seventy cents a share.
My sentiments exactly
Perfect
That’s nice, but we still are a ways from fair market value which is $18.50/share.
And that’s based on financials for the year end 2019.
True, but the build out of the 140,000 sf in MA is going to take some time. Don’t expect a first crop until the second quarter of 2021.
A postscript:
Trulieve’s success in Florida is based on two major events.
First was starting with established nurseries that could convert to volume production of Cannabis quickly and efficiently. That gave them a huge leg up as the market expanded
Second is sound management focused on the financial aspects of operating a growing agricultural business. And I cannot stress the importance of being fiscally conservative when faced with a high demand growth industry.
Trulieve went for depth in Florida instead of putting dispensaries everywhere they could regardless of jurisdiction. That has paid off beyond anyone’s dreams two years ago.
If we can repeat that focus in MA over the next two years, we will be the NcDonalds of the industry.
Solid repeatable profitable growth quarter after quarter.