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Decriminalization would leave it up to the states to legalize medical pot or recreational. It would also open up the space to many other bigger company and then the consolidation would begin. If pot was decriminalized then I see no reason that banks couldn't open their arms up to this industry. Right now it's a cash business. In any event this industry will continue to grow albeit slower or faster. Medical should be legal in all states since pot can help a lot of people. Also, I'd like to see people in prison for small amounts released.
The new ceo sounds like he has the potential to reign in costs and take trtc to a new level. Mr. Knuettel has decades of experience in working with and advising public and private companies on financial management and controls, M&A, capital markets transactions and operating and financial restructurings. Mr. Knuettel was formerly Director of Capital and Advisory at Viridian Capital Advisors. He joined Veridian from One Cannabis Group ("OCG"), a leading cannabis dispensary franchisor, with over thirty cannabis dispensaries sold across seven states.
This was a 16.00 stock many moons ago. I think things will really take off once the new grow facility is open and all the sales are complete. Oh yeah the hydrofarms shares should also be a huge driving force once the lockup period is up. We shall see. The downside risk is worth the incredible upside at the level.
Do you have a realistic price target?
From online site:Analyst Take
Don’t forget that, while Curaleaf Holdings Inc ranks No. 1 in revenue, it’s also the most diversified vertically integrated legal pot company in the U.S., with an unparalleled business footprint from coast to coast.
As the U.S. cannabis industry enters a new era, Curaleaf stock could reach new highs.
Close to 1yr high. I'd love to see us break this ceiling.
Things are brewing.
We need both seats which looks very promising
Profit taking. This stock had to days leading up to the Moore act that were close to 50%. When money comes into this stock is will fly. In the mean time we will drift. Good news form the company would be nice.
Amazing volume. I hope to see big things in the future. So far the the new owner seems to be a straight arrow. We shall see.
Forget Amazon. If you are an investor here you should start using Walmart.com and support your investment. I was on it tonight and a few items were less money them Amazon and most items have 2 day free shipping. I was impressed with the new design. It's a good start.
I think investors are loading up because they are expecting things to happen. I hope so.
Curaleaf has navigated the dispensary market well but it costs a lot of money to open stores. Amazon took years before it made money, Tesla is in debt for billions. Greatness isn't built over night. We will see what trtc can do. They certainly should have a healthy balance sheet in the coming months. I would love to see pot decriminalized and banks able to participate in this booming market.
I know of many companies that couldn't navigate through the government red tape to get dispensary licenses. TRTC were able to locate property, build the stores out quite nicely, manage staff and run a business. There are many companies who have promised to open stores and couldn't because they failed to get the proper licenses. I see things in the hopper here. I don't know for sure - I can only go by what I read and researched. I did call the two operating stores in CA and was told by employees that they were making numbers and that the curfew in their state was hurting business. Call them and ask. I would take this with a grain of salt but I asked politely - being curious and wanting to know how things were going and I seemingly got an honest answer. Supposedly things are happening in Nevada according to the conference call. I know they are suppose to come online with a new facility. It was in their conference call. Also, they might have discovered that they can do things that an investor who wants to get into the dispensary business can't - which is getting licensed, doing the build outs, etc. I heard it's not an easy task. The example I give, is of a guy I knew who made all his money building out bakeries, getting the numbers up and then selling off the business. He did this over and over again. I don't really know if that is TRTC intent. Just speculating like everyone else. I also see that this company made a wise investment in hydrofarms. If they exercise their options and sell the shares they own that will bring in millions to open their new facility and to shift into a business model with less overhead. Retail is brutal. Once again just speculation and trying to read between the lines. It could be that the company doesn't have the capital to keep these dispensaries in business and must sell. Either way they have real assets with the dispensaries, property, licenses, etc. This company should be in good shape and could possibly be sitting on loads of cash from my perspective. I hope it works out for all of us. This stock was in dollar land once and I hope we see that soon. It seems very undervalued imho. I thought it might trade up with Hydrofarms. We seem to be building a base. Lets see what happens. I don't have a lot of money here so whatever happens will not make or break me.
Freebies are always good. Hope it works out for them and us.
You are talking short term. That is a possibility but the Fed is close to writing checks and where do you think a lot of it will go. Walmart. They are going to have a blowout quarter. Earnings announcement* for WMT: Feb 16, 2021. I would expect a run up into earnings. We shal see.
Maybe. One big analyst had a 170 target on WMT. If the pandemic gets worse Walmart does better. This should be a blow-out quarter. They are firing on all cylinders. WMT is starting to figure out how to garner online sales and steal Amazon customers. 140 might be the best you get. Hard to tell. I think you will see a lot of tech coming out of Walmart very soon.
I agree about having a certain mentality for penny stocks. If you can find stocks at .0001 and gamble 1k and just wait maybe two years or so there is usually a double down the road or more but they do get de-listed too. You never know. I have GRLT that sat for almost 3 year and did nothing. Went from .0001 to .0012. Sitting around .0006 and .0008. I thought the stock was dead but the a new guy bought the company and made it current. He has a business plan and is planning on reviving the company. We shall see. I have 11m shares so if it's revived I will ride it out. To me it's lost money anyway. They have a ton of os shares though. I think 1 billion. I really like Walmart right now. They are killing it with brick and mortar. 90% of everyone in the us is 10 min or less from a Walmart. Because they are do big they aren't growing like a startup. However, they are becoming a tech company. They bought Jet, instacart and part of Tiktok. The retailer continued to expand its online presence, with e-commerce revenue growing 79% after the unit nearly doubled in the second quarter. The company has invested heavily in building out its web operations, including using its fleet of stores as a distribution hub. I think in the end that Walmart will take online sales away from Amazon. They have Walmart plus that gives free shipping and other perks like discount off gas. WMT has not choice to turn itself into a tech company. I think that Amazon will most likely have trouble with the Feds as does Walmart but in the end I think they could get broken up. But it will just mean more ipo's and more money.
We had a few days where this stock was up 50%. That tells me that when the money rushes in this stock flies. I'm very surprised that we aren't way higher given that the sales of several stores are almost complete and that Hydrofarm's stock is on fire charging past 50.00 a share. There is no reason we can't see 1.50 a share but it will take time. What we do know is that TRTC can execute. They still have several working stores. I knew a guy who made a ton of money starting new businesses, getting the numbers up in sales and then selling the business for huge profits. They can procure the license, do the build outs and then sell for huge profits. They have a grow facility too that should be up and running soon. They have had some problems but overall they have executed. Time will tell.
The SEC can close any stock down, anytime. Risk vs Reward. We are all adults and have to decide how much money we want to risk in any security. I think we all know that. There might be a few newbies to the game so maybe they don't know but I would bet the number is miniscule.
It's a good time to pickup more shares.
Usually sub penny stocks are scams. They promise the world, burn through stock and cash and then end up with a billion outstanding shares and a price of .0001 I think you would be better off with Curaleaf or Cresco. Even Valens co which could be a nice turn around story. Good luck.
This company seems to be firing on all cylinders. They have a good foothold in many states. That means they know how to navigate through the red tape to get licenses and to keep municipalities from pushing back on opening new stores. They also have a wholesale division. Let's hope they keep executing. I believe it's owned by a billionaire so he doesn't need the money but obviously knows how to make money.
Legal stock manipulation. Love the market.
I own both and they both have potential. Both companies are executing and increasing revenues as they expand. One may take off and the other may make a much smaller rise. You never know.
What penny stocks do you like. You can lose your shirt or make a crap load of money controlling huge amounts of shares when some of these penny stocks rise. They rise hard and fast and then usually drift lower and lower.
I'm surprised we aren't at .70 with Hydro on fire.
Nice volume over the last few days. The CEO seems like a straight shooter. Nice to see this ticker running again.
Sold my shares yesterday. Very funny because the stock was up 8% and once I put my 50k shares for sale the bid dropped dramatically and so did the ask and then suddenly the stock was down. The last time I bought this stock I paid .03 and sold half at .75 and the other half around .40. I did very well. That is when they had stores. Right after that the stock stopped trading and opened at .12 or something. It went to the Grays. Then there was the lawsuits and the stock dropped to sub penny land. I don't know if I should believe the latest PR about a backlog. I would love to see a list of potential customers. Everything is riding on the e-zclone and there is a lot of competition. Is the company really executing or is it full of you know what. I'm going to sit on the sidelines and see where we go. This stock for me is a trading stock not a stock I want to hold too long. I can see us going to sub penny land again or perhaps we get good news from the fed and hit 40's. Long term I think we see sub penny land again. I put my money on TRTC. They own hydrofarm stock which has been on fire and I think when the lockup period is over and they sell the dispensaries they have the stock will pop. I see things in their hopper. Another sub penny stock I like is GRLT. It laid dormant for years but they have a new ceo and he brought the company current.
Walmart is executing and has been since its ipo. If you bought 100 shares at ipo it would be worth 4.3 million. They have 6100 stores. 90% of the us population lives within 10 minutes of a Walmart. They know how to execute. They will become a tech company because they have too and they will compete with Amazon and do very well. Their online sales are surging and with Walmart +, Amazon will have real competition. In September 2020, Walmart.com had 385.5 million visits, up from 294.5 million visits in February 2020 to their website. Sales have almost doubled last quarter. Things are looking bright. Now if you look at their PE this company is very undervalued.
It's on a tear. Not sure why TRTC isn't moving higher along with Hydo. In the end I feel we go much higher.
All the guy did was register a domain name. Not sure why this is a problem.
Subway isn't a great example. McDonalds does 2.7 million per location so I guess it depends on what restaurant you are talking about. Auntie Anne's is now owned by Focus Brands, and it generated sales of $410 million in 2012. Beiler, 64, grew up in an Amish community and credits that upbringing for much of her success.Jul 8, 2013
I believe this company is the Apple of pot companies. They are executing and now they are expanding into Michigan. Lots of room for expansion plus they have a wholesale business and grow facilities.
Great news. Thanks for posting.
Update on Grillit for new investors as I remember. This stock is a gamble for sure but aren't most stocks. I can tell you that GRLT did have several working restaurants at one time and the concept was amazing. I've never seen any bashing about the original concept. The several operational restaurants eventually closed because of poor management. Then the company tried to invest in other restaurants that has high debt. That didn't work out at all. This is all before the new guy who was an investor showed up to take the reigns. As far as fraud goes I would hope the SEC would have done its job and if anyone is fraudulent or intentionally deceitful - I hope they were and are fined and go to prison. The stock plummeted after the restaurants closed. We were a 5.00 stock or higher at one time. Then there was dilution, etc.
I thought we were dead in the water - the stock stayed at.0001. I tried to sell my shares to take a tax loss but there wasn't any takers. Then Greg came along and said that he was buying Grillit and that he needed to go over the financials and get the company current before anything could happen. At the time he didn't promise anything except to find out if GRLT was a viable company and if he wanted to move forward. The stock sat for two years or more and barley traded. I mean like 100 shares here and there. Then last month Greg released a press release saying that he had financials done and was waiting to the end of December to release them. He did release the PR on time and filed the financials. In the latest PR he was straight forward and laid out his plan to move us forward. If he can execute this stock goes much higher and we all do well. If he can't the stock will most likely go down. I guess that is the same with any stock. Visions are given and then management tries to execute. If they do shareholders are rewarded. This stock is priced quite low not looking at the valuation so you can control lots of shares for a little amount of money. If the stock moves to .10 or even .1 you can make a ton of money. To me it's worth the risk. If this was a true pump and dump I believe the CEO would have done this years ago. Why wait so long just for a quick score when he could have done a pump and dump a long time ago. It doesn't add up. I'm trusting we have a straight shooter at the helm and I will ride it out to see what happens. That said I wouldn't mortgage my house but a few thousands dollars could make you lots of money if things pan out. As always make your own judgement. Good luck.
Great PR. It was easy to understand and it made sense. It's nice to see that the new CEO doesn't want to dilute the stock and that he wants to build shareholder value. I think we may get some profit taking which is normal but I feel that anyone holding this stock for a year will be handsomely rewarded. I still have a target price of .10 and even higher.
I'm not sure why anyone would sell when there will be lots of cash coming into the company and a new facility coming online.
10 little pennies and I take profits but not before. You will see.
1.5m dollars or so in trades already. Someone is accumulating shares and must know that GRLT is going to fly high. This is exciting. Once we have a PR that we have a partnership and plans are in the works for our first restaurant I believe we see .10. Don't let the MM take your shares. Hold tight and let your investment grow. Now lets see a PR on financials and future plans.