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Regardless, were going to find out how CV is doing as well. Different type of problems then with CW, but yes I’m still going to be interested.
Well I have no problem with you making money, I’m good with it. My thoughts are what this company is doing and that is very much a unknown. Were going to see how they did shortly.
The company and all 4 of their employee's are not exactly swamped with business nor profits. If they grow their company perhaps it will be helpful to CW several years down the road.
Well, that story has yet to be written. It’s an unknown. I’ll go with known facts, numbers. The time for blue sky thought process has long passed. Their credibility of what they say, also has long passed and will take some time to gain back. Till then show me the numbers, they can keep their words on what they think I should hear.
The yearend and 4th qt coming out on the 24th. The press release is one thing, the SEC filings will be the one I seek. I believe GAAP rules are now in play. The SEC release will tell the tale IMO.
No reason to guess, we'll know in a few days.
Well, I guess I don’t know either on what Jush will do, or be offered. Currently were in the early set-up of regionalized businesses. At some point we will get the Fed. Law passed. At that point there will be a stronger approach to nationalization process that will grow some far bigger companies and lead to a kill the competition mode, or rivalry for some. If a company stays just regional, they will struggle trying to turn a profit when those bigger companies come to take their lunch money. But until it’s legal and that would be with SAFE banking, it will remain just a state-by-state contest.
Not a bad little run. Let's see what next week brings! PR release in 12 days.
Yes, it’s getting a nice bounce, and you are right in the lower volume totals, many others are having the same look on the volume. Keeping my options open on this one. I do think that within this sector, that mergers are still very much in play. And I would think this one would certainly be considered, that would be along with several others. We’ll see.
Cannabis company Ayr Wellness swings to gain but posts operating loss as revenue more than doubles
Today 7:53 AM ET (MarketWatch)Print
Ayr Wellness Inc. said Thursday it swung to fourth-quarter net income of $23.79 million, or 35 cents a share, from a loss of $951,843, or 3 cents a share, in the year-ago quarter. The latest period included a $52.95 million fair value gain on financial liabilities. The Miami-based cannabis company posted a fourth-quarter operating loss of $13.9 million, compared to operating income of $6.7 million in the year-ago quarter. Revenue more than doubled to $111.8 million from $47.8 million. Revenue also rose 16% from the third quarter. Analysts expected Ayr Wellness to lose 22 cents a share on revenue of $106.2 million, according to FactSet data. During 2021, the company added 62 dispensaries and eight cultivation facilities and grew its head count by 1,600 people. It also increased its footprint to seven states from two in 2021, with an eighth state pending. Shares of Ayr Wellness are down 22.4% thus far in 2022, compared to a loss of 25.8% by the AdvisorShares Pure US Cannabis ETF (MSOS).
Jushi Holdings Acquires Cannabis Dispensary The Apothecarium In Las Vegas, Nevada
Today 8:15 AM ET (Benzinga)Print
Jushi Holdings Inc. (OTCQX: JUSHF)(CSE:JUSH) has closed its acquisition of an adult-use and medical retail dispensary, The Apothecarium, in Las Vegas, Nevada.
The acquisition of Apothecarium Nevada, together with the April 2021 purchase of Franklin Bioscience NV, LLC, a holder of medical and adult-use cannabis cultivation, processing, and distribution licenses, enabled Jushi to become vertically integrated in Nevada, as well as provide significant branding exposure for the company’s high-quality product lines, including The Bank, The Lab, Tasteology, and S?ch?. Nevada represents Jushi’s fourth vertically integrated state, accompanying Pennsylvania, Virginia, and Massachusetts.
Jim Cacioppo, CEO, chairman, and founder of Jushi, stated: “We are excited to add Apothecarium Nevada to our growing retail network, marking our first Nevada dispensary, located off the iconic Las Vegas strip. This acquisition, along with the previously announced NuLeaf, Inc. acquisition, which is expected to close early second quarter of 2022, represents a major step forward in executing our strategic growth plans in Nevada. We look forward to unlocking strategic retail and wholesale opportunities in this market, including expanding access to our in-house, high-quality brands and products with our newly cemented vertically integrated model. Also, we are eager to work with Apothecarium Nevada’s management team to continue to redefine the retail experience for a truly global group of consumers in one of the largest cannabis markets in the U.S.”
James Cacioppo CEO, chairman and founder of Jushi Holdings Inc., will be one of the speakers at the Benzinga Cannabis Capital Conference in Miami. There’s still time to sign up for the event that will host many top names in the cannabis industry. Click here for more info.
We'll call that a good start. Again we were due.
No, just the run of the mill sector drawdown.
Have about 8 days to wait see the year end numbers. Very much looking forward to that and the CC.
Safe banking is a big deal. However, it shouldn’t be a big deal to pass it. The problem is the powers that be want to include it in a everything all at once. And in that regard, they are getting nothing done. Shouldn’t be a big political issue to pass safe banking .
A lot of gamesmanship going on with this one. Political seems to be the theme.
There is no question that a increase in interest will need to present itself. We'll see.
Were about due here.
Only $5600 worth of trades so far today. Sure hope the up coming c.c. and press release lights a fire.
Update - Columbia Care's Preliminary Full Year Revenue Grows 156% YoY To $460M, Reports Positive Adjusted EBITDA
7:40 am ET March 14, 2022 (Benzinga) Print
Columbia Care Inc. (NEO:CCHW) (CSE:CCHW) (OTCQX: CCHWF) (FSE: 3LP) released Monday preliminary results for the full year ended December 31, 2021, reporting revenue of $460 million, up by 156% from 2020.
At this time, the company is working to complete its first U.S. GAAP audit and will report its financial results for the fourth quarter and full-year ended December 31, 2021, before U.S. financial markets open on Thursday, March 24, 2022.
Full Year Preliminary Results Summary
Revenue amounted to $460.08 million, compared to $179.50 million in 2020;
Gross profit was $194.02 million, versus $62.14 million in the previous year;
Net loss was $146.85 million, compared to a net loss of $119.65 million in 2020;
Adjusted EBITDA was a gain of $57.85 million, versus adjusted EBITDA loss of $19.8 million in the prior year;
Ok, let's see what we get today.
You know, there is an old saying I’m sure you know. Be greedy when others are fearful. To which I’ll add doesn’t mean the others aren’t right??.
Interesting day, yesterday. This one fell far more than I can account for.
Still a lot better than my EV stocks, but that is more of a political issue than a fault with any of the companies.
And just to round out the day, one grandson blew up his motor, a granddaughter blew out a trans and another granddaughter had her cat. converter stolen for the 2nd time in 2 weeks.
I’ll put that all together and call it Monday. We’ll see how Tuesday works.
Take care
Buying so far in the 17.40's. Not having as much fun as you would think. LOL
There is a lot of gamesmanship to be played in this great game we call this market of stocks.
I do have a question for you. You mentioned “before a big draw down” in regards to the markets.
So, in your opinion what is going to cause this big draw down from this point?
Yes, every decade has their own theme about them, this currently reminds me a little of the later 70's and certainly the early 80's.
A simple yes, no question. I like it. No, I am not.
The 25 is likely and I believe Powell telegraphed that as well.
Yes, federally illegal Stocks in this sector are high risk. OTC ones even more so. Should be mentioned high reward as well. A person could also mention the death cross of the Dow and the Nas, with the S&P to follow will suit next week.
Great time to review those "what if" strategies to take advantage of what will be.
Happy camper this afternoon on the buys I got. TCNNF now oversold.
What's that, around 20 million shares over the last year. No shareholder value there!
Volume is a little light today, was lower than norm yesterday as well. Can't wait to see the earnings release.
You got a pretty good price when you did. Not bad at all. Hard to time the exact bottom.
Well thank you Zippie, I know it's not the high powered cw that when from 26 dollars to .98 cents, but we get by.
Think I'll start buying right in here.
Just a fyi- worth reading however- https://www.politico.com/news/2022/03/02/white-house-applicants-weed-companies-00013390
Well, you are certainly entitled to have an opinion here. Regarding the unwritten rules that you wrote, you are correct you do like sarcasm.
To your solution for TCNNF, again sarcasm in play as it is exactly the opposite of what you should do.
You mention “I do not think it is shorty causing TCNNF to go this low” You are correct, it is not.
While I can appreciate the sarcasm and simplicity of thought you present, in the real-world proper investing is far more complex. It would be nice if it was as simple as you state.
You know, you may wish to be your own analyst instead of relying on others. Just a thought.
You are right of course, about 2 hours into the day, only 20 trades and a total of 8200 dollars played. Still it is early.
Well, I hope it does some good. Hopeful, but I feel if they can’t get anything done by the end of May it likely will not happen this year.
Timing is everything, so they say. Just put a larger order in recently. Have to hold off on the new relief product for now. I will be trying it on the next order.
Green Thumb Industries GAAP EPS of $0.10 beats by $0.02, revenue of $243.58M beats by $5M
Dropped to 18 million in sales. Projecting 225 mil gross in 2023. Frankly I don't see how. Anyway that is enough for now.
PR out tuesday morning. Looking forward to it.