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Great thinking of loading around 9-10 once I see low 8s have been done selling more out. Scared that we break 8.0 is the reason I wait patiently. And today 65k again around 8.20 range.. markets all time highs... I’ll wait the holiday season out for sure. Next week tends to be a green one in the majority of years so maybe I’ll take a dabble next week.
I wonder why gtbif is stuck in these lows 8 for weeks now. Think it’s the pressure of the unlock we had earlier in the month? Or our valuation?
Or maybe because the second tranche as stated hasn’t been even mentioned. On the last earnings call Hadley claimed mid December and Jan-feb the final trenche of all 100 million will be issued but nothing yet. Maybe this week for sure.
Why a big gap down? What happened here over the weekend? I seen cbd4life is almost half off... our stock will be too?
11.5 days left to get in thumbs before Illinois goes legal recreational and will have lines out the door. Hope enough product is there to be sold for launch. This company is expanding great and able to raise money without diluting us heavy.
Why are we not green today at 52 week lows and sector moved nicely today on cgc new ceo news?
Good day for that 6.9 million share unlock to be unloaded a little. Explains the big bid fills at highs. When sector red this week are we seeing a new 52 week low?
Super low still 55k 35 minutes and up 5%. This stock can be easily manipulated. Love it cause I’m holding some 9s and will sell once we get a nice bounce day and over extends. Till than enjoy the steady climb up.
They must be using the tax code policy correctly this year to offset some major gains elsewhere. People speak about auroras ceo buying 1 million dollars worth of shares at the low but this ceo bought 2-3 million worth at over 12.00 usd... he lost half already no problem.
Let’s go 13.0 I’ll cut some off than. Trulieve the most bullish mj stock in sector!
Correct and technically we are valued at 3x of annual sales in USD! 30 million pro-forma for a tiny company compare to bigger valuations. Will be adding more at these prices.
Certainly this company is already down the most from every top mso out there worth only 380 million about with a run rate of 120+ yearly!
https://thedeepdive.ca/ianthus-hits-120m-pro-forma-revenue-run-rate/
When it starts it’s a dominoes effect and won’t be stopped. We been taking more steps forward than back lately . May be the start to something big
Hopefully* well said. We need to make trulieve look tiny which is a big task it self and if we beat how much was lost?
Something is terribly wrong here.
If trulieve finishes green today it has officially broken the earnings curse! 40 minutes left.
Just hilarious how Canada is moving on great earnings of USA. USA went up while Canada posted. So all I’m saying is I believe theirs an inverse affect going on between sector releases
Cgc 7% 4 million volume on 11/19/19 !!! They didn’t report record breaking numbers tho. Your not understanding it’s okay. To each it’s own
Yes however trulieve selling off now and going red on another record breaking revenue keeps the hype controlled. Unbelievable how Canada is now moving and bouncing while USA reports. Join Canada this week thank me later.
Makes sense to do it on a day they can receive the most value for them. Than things cool off next couple days. Back to our 100-200k total volume days.
I do believe the company takes this day to release shares. Look at the volume and highs compare to last couple days. All these 10k bids are filled with ease.
Well said man thanks for your input.
I would agree for the last couple years but any minute now Florida goes recreational and the limit on retail locations goes nuts and how would trulieves 55-100 locations compete with 10000 for example of others? You don’t think private companies that grow in Cali and Colorado won’t step in florida? Meanwhile that’s all trulieve has? How is that great compare to others approach. Yes others lose money now but if trulieve doesn’t move and get accepted they get stay behind as a first mover that never left Florida.
So mass not ready or any other state has been approved and Florida is the only state we are in. We can’t whole sale either In Florida and no deadline on edibles going live. Seems like we’re limited compare to true mso that won licenses easy. Why can’t we go in like they did ?
Thanks that should help keep expenses lower and margins higher for future growth. They always selling out so I’m a truliever but the amount of cash being raised for one state and the pending RICO case has me on edge to see how this plays out next couple months.
What I don’t understand if they raised over 140million last 2 raised with debentures and warrents. Plus selling property for another 30-70 million and making profits ever Q and we only have 100 million in the bank? That math is 300-500 million earned and raised in 6-9 months
I do have a feeling Hadley may be using his experience to leverage the capital and wash it. Surprising we been in business longer than these recent mso and yet we trailing behind so far? Trulieve makes 60-70 million today reporting. That’s like their current run rate in multiple states? What is the execution team doing? Funds can run out and than what? Cut like MedMen did?
Don’t think like Medman they will run a chance to get bought out by the same ppl that’s lending them the 100 million? Sounds crazy but we will see financials and their current position. Please don’t turn out to be a medman
I agree. Usually makes it way back up by end of day and morning a nice gap up followed by a sell off. Let’s see if that pattern sticks
Sell off before earnings typical and tomorrow gents be ready
Now tax write off season coming next month plus mso earnings next couple weeks. Let’s get ready
They making a killing in two days alone drop of 25% just about
I do too and without Coronas money we technically are number one in market cap for cannabis as of today!
Seems like curaleaf might take number 1 overall global sector soon. Canadians lp aren’t cutting it
Actually starting to hear that Medman and Ithanus May be targets of take over from the same person that is financing all this capital to both of them. And that the sector next couple months will consolidate and those without the ability to keep the cash burn down and raise capital to sustain business and growth will be eaten by the ones that can. Interesting times. Plus tax loss season next month with all these losses this year will be huge!
Agree until than we may see another 52 week low unfortunately. Based on sector sentiment in this earnings week already
Yes it seems like now it got pushed for Jan-February and I believe there’s an unlock in January for trulieve I might be wrong on that. Will be interesting to see cgc earnings tomorrow and how that may bring the sector to new lows with aurora. We shall see. Just being safe here with my money until it’s time once again. Another factor will be tax loss sells will happen December. Maybe January once again will be take off for mj sector overall if that bank act will get heard finally. With this impeachment going on we won’t hear nothing shortly.
Head fake or warning from larger pockets? I’ve been here since ipo days. Only in the start did trulieve run on earnings and all year making record breaking numbers we continued to slide down on earnings day. Safe bet get rid of it before my friend unless this is it out of all quarters this year we will rally. I doubt it just being honest with you folks.
I get it but this is a RICO case of 47 counts working for years. Too risky for me to touch personally. We can wake up and see a halt worst case scenario and I’m not willing to take those risks at this point. Plus this has a higher market cap than other companies with larger states to gain from. So I’m okay. I did enjoy my 8-10 run.
Yes we missed a good drop by staying away till valuations match a little more.