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Buy vs sell is running about 2 to 1 today. Maybe it will keep up.
That was my understanding. So that is really a good thing for the cultivators in these states with limited licenses like Florida. Glad to see Trulieve hasn't gone into Colorado at this point actually.
Looks like more activity on the buy side so far today.
Does anybody know the current regulations regarding growing in one state where it's legal and transporting to another state where it's legal via private aircraft ?
OK. I've loaded up to about where I want to be, so now the stock can go higher.
A positive close and pretty good volume today. Tomorrow's take out price is $150 per share.
I may raise my take out price after today. I'm guessing $150 per share sounds like a good number.
Not bad, but they haven't reached my take out price yet.
I hope you get taken out today. :)
If you want some TCNNF stock, I have mine out there for $125 per share. Revenue $28m for 3rd quarter
TLRY stock $114.00 with -.08 EPS and revenue $10m 3rd quarter.
You figure which is better.
CBS this morning had a segment on marijuana in MA. Only two stores open in MA and sold 2.2m in the first week. Lines were around the block and people were waiting up to two hours to get in. Come on TCNNF get those stores open. One store had 1000 people the first day. :)
https://www.cbsnews.com/news/marijuana-store-leicester-massachusetts-causes-headaches-residents/
FWIW - There is little to dislike about the quarter financially as Trulieve continues to fire on all cylinders. We expect growth to continue in the near-term supported by additional store openings in Florida.
Source: SeekingAlpha
I know I'm probably preaching to the choir, but "Over the last three weeks, Trulieve has brought on 3,000 to 4,200 patients per week, according to Rivers. "
So calculating that out to 30 or 35 dispensaries we are looking at a large number of patients each week.
So why would people buy a Canadian stock that is listed on the US exchange ? They are missing the largest market. Canada is a small market compared to Florida or the entire US. You want to be in CA and FL followed by the NE US.
If you are wondering about Missouri, I'd say no. There are a lot of bigger markets. What are they in shock about ?
Among U.S.-traded marijuana stocks, Cronos Group (CRON) dipped 0.5% in the stock market today. Canopy Growth (CGC) gained 0.5%. Aurora Cannabis (ACB) lost 3.2%. Tilray (TLRY) slid 0.1%. Aphria (APHA) gave up 4.1%. Those companies all operate Canada.
So no threat to US operator TCNNF .
Interesting excerpt from an article in Forbes.
" In doing an analysis of the current state of cannabis markets, one would be wise to take a long look at the well-respected American operators when making bets on the companies that will ultimately survive the bursting bubble. There is a good possibility that those which emerge as the Amazons and Ciscos of cannabis are based today in the United States rather than Canada. While there is a strong case to be made that the best Canadian operators will maintain market share by buying their way into U.S. and other global assets, investors would be wise not to ignore the existing American operators who are well positioned for long-term growth."
Found this also.
Canopy Growth can't currently enter the U.S. cannabis market because of the stock exchanges the company is listed on, the NYSE and the Toronto Stock Exchange (TSE). Both exchanges prohibit their listed companies from engaging in any enterprise in the U.S. that is illegal on a federal level -- and selling marijuana falls into this category.
Canopy Growth second quarter of fiscal 2019, for the period ended Sept. 30, revenue increased 33% year over year to 23.3 million Canadian dollars, equal to approximately $18.1 million US at that time.
TCNNF generated US$28.3 million in the 3rd quarter.
With the US market being so much larger than the Canadian market, being locked out of the US market is definitely a negative for any of these companies like Canopy Growth. GLAD TCNNF IS A US COMPANY LISTED ON THE CSE. Being the largest operator in Florida. All of the right moves. Expanding to MA and CA as well as increasing dispensary openings by at least 60% over the next year.
Canopy Growth is currently not a threat to TCNNF, they can't enter the US market. Their stock price is $31.70 today. Your choice, but I'm betting on TCNNF.
Yep. I don't think there is a better long play in the MJ sector. TCNNF is making a ton of money and adding thousands of patients monthly.
There is no explanation. I'm sure they will announce some store openings before the end of 2018, as well as CA. With the possibility of 35 dispensaries coming soon, I can see TCNNF opening 13 new locations in 2019. There is tremendous growth in revenue and it will only increase exponentially.
This is the only real play in the MJ sector. IMO
I'm thankful for the opportunity to load up more shares at these low prices.
That's great. Bargain at any of the current prices. I don't sweat the small stuff, holding long term. With projected earnings of $214m in 2019 we should be fine. I'll be looking for a new Aston Martin or something.
Florida's patient count is exploding: It sat at 193,083 in November 2018, up 280% from one year ago. It dwarf's most other states, except CA of course. And TCNNF is in CA soon.
Looks like pretty soon Florida will allow 35 dispensaries to be open in Florida. TCNNF is scheduled to have 30 by the end of Feb 2019. I'm thinking they are already planning for adding additional dispensaries in FL during 2019. With the number of patients enrolling in medical marijuana the numbers are staggering. Florida is a huge play. Yep just as I said, picked up more shares today.
Picked up more today :)
I'm not going to post any more positive news about TCNNF until I can load up on more shares.
Florida will be a huge market and already is a very large market for medicinal MJ. TCNNF is perfectly situated to make unbelievable revenue.
If you have a TD account and do a wire transfer to that account, it will be deposited fairly quickly. I did it and it took less than an hour. Your financial institution may or may not charge you a wire transfer fee. Mine didn't.
It's just a matter of time. You can't ignore the numbers. At revenue of $214m in 2019, this stock is a money machine. Earnings for this year will come in at around $100m this year, which is stellar. The CEO mentioned there was a dispensary already open in CA and they are adding more.
Interesting how some people run down TCNNF when TCNNF is making a ton of money, but would rather invest in a company losing money. And recommend purchasing such companies. I've never been a big fan of investing in a company with negative earnings. TCNNF has cash in hand and is paying for expansion via this cash and additional earnings. TCNNF will have 30 dispensaries by Feb 2019 in FL and probably several in MA and CA. They will most likely be net positive earnings after opening. Most of the other MJ companies are just trying to do a land grab without focus on profitability or revenue stream.
@214m revenue with the current outstanding shares that’s 21$ per share. At 110m shares that’s 2$. Better than any other competitor. No way to lose imo. Patience is key. We will see rapid store openings from here forward.
Already have. Moving on.
Don't care to have a running discourse. I would have assumed all documents would have been read and information would have been posted. Not interested. You apparently don't understand "Foreign Private Issuer" regulations. Bye
It would be nice if you knew the facts, unfortunately these are not the facts. You need to read all of the TCNNF documents to figure it out. Supervoting shares are issued for the company to remain in compliance with the Foreign Private Issuer regulations (40% of stock can only be owned by US citizens) and have no value. They can be converted to multiple voting shares, but guess you didn't read that far.
Yep. Gotcha. There seem to be at least one person on most of these boards that is always negative. I would spend my time looking for positive information rather than wasting my time with stocks I don't own.
There is one guy on this board that keeps saying the float is 110 m shares. There is no way this number of shares can be issued to insiders because only 40% of shares can be held by US shareholders. Since all board members etc are in the US this is not possible at the present time. The TCNNF documents explain this if anyone wants to read them.
So you are one of these guys that doesn't hold, but like to post negative BS. You might try to TLRY, LHIS boards since you think TNCCF doesn't have a chance. Sorry man.
Well I hit the revenue estimate, but missed the share price closing the other day by a long shot. I still don't think you will find a more profitable cannabis stock. Maybe once we get a market turnaround something will happen with the stock price. It's hard to fight the market even if this particular stock is a good buy. I think out of the number of stocks I own only one was up yesterday.
Opened above my 13.50 estimate, but trading WTF.