Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Here's my super outrageous totally off the wall conspiracy theory:
Wall St finally understanding that GM is gonna do really, really well with this EV strategy. And until the EVs start coming in big quantities, they'll be making massive profits on full-size pickups and SUVs, Corvette, and a resurgent Cadillac.
China is pretty much minting money.
I'm out. Learned my lesson about investing in a company with zero transparency, uncommunicative mgmt and absolutely zero investor interest.
Best of luck to all of you.
Agree there are lots of tailwinds -- but do we have any indication that DP mgmt has a concrete plan for expansion? Are they actively recruiting new licensees or building their own new dispensaries? Its all so dismaying.
Ok. All good. Enjoy your ride brother. One team one dream.
So, you're main point about why this stock is attractive and poised to grow is because a Mexican cartel is going to buy it? Insane.
Honestly, I'm gonna stick around into April and see if they care enough to put together an actual earnings report... assess and bail if it's the same as its been -- take my loss, and chalk it up to an expensive lesson.
So ONE branded store and ONE licensee.
Revenue up -- but what are the dollar figures? I'm amazing at how little visibility there is into the financials....
237 transactions today. Collectively, we need to start spreading the word if we have any hope of launching this stock. If you’re on Reddit or yahoo finance, give our little DPWW a plug. Can’t hurt.
Curious if today's movement is sustainable, or just a natural reaction to a massive over-sell last week. Or it's shorts covering.
Good bounce-back, building from last week's terrible, horrible, so very bad momentum down. We still have a ways to go to get back into double digits -- wondering (prob in vain) about when we'll get any shred of news from mgmt.
If you go to the QUOTE page, you can see how many trades were done this trading session. Most stocks in the thousands, tens of thousands for even smaller MSOs. Our daily trades? Just north of 275 today. Yes, upwards price movement is good, but there's just not a lot of folks trading this stock.
BTW -- has everyone followed DP on Instagram. They're finally taking it seriously. 5600 followers which isn't horrible.
Sweet mother of god this thing is plummeting. .04 -- and I bet we will touch .02 next week.
Hey all -- new to Jushi -- curious what price you guys got in at? Today's close at $6.57 is certainly lower that where it's been gliding lately, but still rich historically. I guess the million dollar question is when these March reds turn green.
Negative posts do not help. Totally agree. But I think it's fair and in-bounds to be critical of the company and how they're communicating their plans. Yes, weed is gonna be a huge growth sector, but some will grow faster than others. I'm sure everyone wants this one to be one of the winners.
At the rate we're going, we should hit zero by Friday! good times.
I agree that being a strong investor means weathering ups and downs. When you're investing in growth stocks, the ride can be bumpy. For sure. I guess what I'm wondering is what specifically has mgmt said that indicates they have a strategy and are executing against that strategy to grow? Yes, they win awards. Yes, people seem to like their product. But what EXACTLY is the path forward? A $5 per share price, with a float of 220 million shares is a $1billion market cap. You have to agree that's completely laughable for a brand with one store, one SMALL grow farm (do they even still own it?? last thing i could find mentioning it was 2 years ago lolol). Honestly, I'm with the other person who posted that this was a wasted endeavor. But such is penny stock investing. A lot of hopes and dreams and fevered speculation. That's why the market rewards real companies, with real balance sheets, and real management. Ah well.
GTLA!
Yeah, this is fully a sh*tshow. It's now obvious that we had some pump/dump folks -- feeling like this stock is gonna drop down to its historical .02-.05 and stay there. Good times. Will hold. Carry on.
Holding a falling stock is the epitome of the Sunk Cost Fallacy -- but hey, I'm a victim of it just like everyone else. Yeah, I'll hold. Prob for 3-6 months and see what develops.
IMHO, this mgmt team seems completely disinterested in running this company in a more transparent way. Zero insight, zero guidance, zero reaction to ANYTHING.
I'm trying to remain positive, but I'm feeling that my investment was a huge mistake. I hate that feeling.
I'd sell, but since these shares are in a ROTH IRA, I can't capture the loss on my taxes. FML
Yep, I'm a proud investor who got in at .16 so as you can imagine, I'm REALLY hoping for good news. It's amazing how the stock has just sh*t the bed since I bought it (you're welcome). Sadly, I have to admit I rushed my purchase based on light DD -- and as I've mentioned before, it's super frustrating that mgmt seems hellbent on not telling the world anything. I just wish there was a little more insight into everything....
JAC -- can you add more color to your statement that online sales are through the roof? I can't find much info on their online sales vs retail sales...
Slayer -- I think you might be right. Mgmt seems to be executing well... so maybe we just need more runway (more quarters) to see how their plans are playing out.
I for one would love to know more. Due Diligence is hard when there's SUCH a lack of info available. Like, what is the actual store count? Just the one in Denver? What are the plans for new stores? How is the franchise model working?
What worries me is the CEO comes from a real estate background.... even the company overview in some places lists "real estate" as it's category vs "cannabis" -- maybe I'm not looking deeply enough.
Hey guys -- new to this stock. Got out of MedMen with a profit and wanted to redeploy money. Here's what I like about this company: Luxury weed, popular store, interesting business model. What I feel is missing: concrete expansion plans, proof that their franchising model/licensing is producing revenue, and more frequent news/PR from the company. What's the one big takeaway for a guy new to the stock?
Dead stock, dead board. Ugh. I still have hope for MedMen but my faith is being tested...
Sam -- great chart. I don't quite have the chops to fully digest, but it looks like 50-day and 200-day moving average is turning up -- definitely tipping into momentum territory, i'd say.
Market seems to like that someone is paying $10 million for a sh*tton of options. Absolutely zero VCs would fund a company on death's door. They must've gotten a peek at realtime numbers and thought this thing was a runner.
I'm LONG
I'm gonna sound like a broken record, but I think this stock continues a slow climb up -- if earnings are heading in the right direction, this thing will explode
Once earnings report is issued, I think investors will begin to see this company has a few incredible things happening all at once, right now:
1. Full-size SUVs/Pickups -- massive, massive cash generator. All plants are running flat out and incentives are low
2. Crossovers -- profits may not be as huge, but this segment is on fire and GM has a lot of skin in it
3. Corvette -- small numbers but they're selling every one at full price -- factory is on 2 shifts and this is a money maker
4. EVs/Ultium -- the big story. This is going to be a massive catalyst in the next 12 months -- we will have most of the year without many products for sale and then it's going to be a flood
Feeling super optomistic about this YTD progress in share price. This is slow and steady, and solidifying the support along the way.
Trunk is full. Seats are full. Glovebox is full. This car is loaded UP and ready to go!
At the rate we're going, you should get that alert this week.
Any green candle day is a good day for me. Let's hope this continues. I'm in at .18, so I'd love to start a march back up that way (and beyond!)
Honestly, if we make it to the next earnings report, I think we'll all be fine. Something is telling me that the chess pieces are all in play right now, and it's all up to mgmt to execute.
They've cleaned up the balance sheet, right-sized the headcount, made some painful, but necessary cuts, and seem clear-eyed about what's needed to survive.
Something's telling me that the VC cash isn't done yet, and especially after installing all new mgmt team last March and beginning this turnaround, they're not tossing in the towel just yet. Another $25m infusion is petty cash to VC funds -- but that might be the lifeline we need to make it the next 3 months.
HERE'S THE WSJ ARTICLE -- link posted by another forum member:
Experimental Drugs Aim to Treat Long-Haul Covid Patients
People suffering from debilitating symptoms for months after getting sick with Covid could get some relief if drugs prove effective in trials
By Sumathi Reddy
Dec. 21, 2020 11:50 am ET
For months, Covid patients suffering from debilitating long-term symptoms have gotten few answers—and even fewer treatments—from the medical community. But now, some pharmaceutical companies and researchers are moving to launch the first clinical trials for drugs intended to treat long-term Covid.
Many Covid long-haulers, as they are known, are young and were previously healthy, and weren’t hospitalized for their initial infection. But months later, many are experiencing life-altering symptoms including brain fog, extreme fatigue and shortness of breath, often making normal daily activities nearly impossible.
Doctors’ understanding of the condition is still nascent, and estimates for cases vary widely. But research suggests at least 10% to 20% of Covid patients experience long-term symptoms. A recent survey from the U.K.’s Office for National Statistics, for instance, reported that at least 10% of Covid patients have symptoms lasting for three or more months.
Companies are repurposing experimental drugs being tested for other diseases, and filing applications or launching clinical trials. Some are using the treatments on patients who apply for compassionate use when possible.
So far, these drugs are experimental and are not yet FDA-approved for any condition, whether Covid or any other disease they were originally developed to treat.
CytoDyn, a biotechnology company, recently applied to the FDA to test its experimental drug, leronlimab, on 102 long Covid patients.
PHOTO: CYTODYN INC.
Doctors have previously used some existing drugs to alleviate specific symptoms of long Covid in a piecemeal fashion. What’s different now is that scientists are testing drugs intended to treat the underlying causes of the condition.
CytoDyn, a Vancouver, Wash., biotechnology company, recently applied to the U.S. Food and Drug Administration to test its experimental drug, leronlimab, on 102 long Covid patients, says Scott A. Kelly, chief medical officer of the company.
Leronlimab, a monoclonal antibody administered through subcutaneous injections, was developed as an HIV drug. When the pandemic hit, the company shifted to Covid-19. The same receptor that allows HIV to enter cells is also important in regulating immune cells; some doctors believe long-term Covid symptoms are caused by the immune system going haywire. The company has recently tested the treatment in severe Covid patients as well as in mild to moderate cases, some of which were long-haul patients.
Some patients with long-term symptoms reported their brain fog and cognition issues improving after treatment. “When we started to see these patients saying the brain fog was clearing, we were encouraged,” says Dr. Kelly. A new trial would test the drug specifically on long-haul patients.
Dr. Kelly says they believe leronlimab may be alleviating brain inflammation. Leronlimab binds to a cell receptor that contributes to the regulation of immune cells that sometimes flood an area and destroy tissue. Blocking that receptor may slow down the inflammatory response, which some scientists believe is triggering problems in long Covid patients.
“We are hopeful we can control the neuroinflammation in the brain which we think causes a lot of these problems with autonomic dysfunction, fatigue, brain fog,” says Dr. Kelly. The company says patients haven’t reported significant side effects in the clinical trials they’ve done for Covid and HIV.
Dr. Kelly says the interest in such a treatment is tremendous. “I get emails every day about wanting to participate in the trial,” he says.
Covid Long-Haulers Fear for Their Future
A significant number of Covid-19 patients are dealing with symptoms long after the initial infection. The Wall Street Journal asked four patients to share their stories about how lingering effects are affecting their lives.
Among them is Patrick Varnes, a 41-year-old financial director in Atlanta who was diagnosed with Covid at the end of June. Nearly six months later he continues to have shortness of breath, fatigue and headaches. “I’ve had shortness of breath every single day,” says Mr. Varnes.
Before Covid-19, Mr. Varnes was a fitness buff. He went to a CrossFit gym five days a week. Now, he can’t do much more than go on a walk.
He heard about leronlimab from an online support group and reached out to Christopher Recknor, a Gainesville, Ga., physician who runs clinical trials for CytoDyn. Mr. Varnes did a pre-screening; if the FDA approves a trial, he’ll be able to join it, says Dr. Recknor.
Mr. Varnes says he’s tried nearly 30 different supplements, acupuncture and a steroid. “After six months of living in an internal prison, I need to try it,” says Mr. Varnes. “I really, really hope it works.”
Other companies are also repurposing drugs investigated for other conditions.
Organicell, a Miami-based biotechnology company, is looking at testing Zofin, an experimental drug tested for chronic obstructive pulmonary disease, or COPD, on long Covid patients. Zofin uses nanoparticles to reduce inflammation and microRNA to target different genes.
Mari Mitrani, chief science officer of Organicell, says the company decided to pivot to Covid-19 because Zofin was designed to improve lung regeneration, which is a problem for many Covid-19 patients.
The drug has been used in 18 Covid patients—including four with long Covid—through compassionate use requests approved by the FDA. The company received FDA approval to do a trial for certain groups of recently infected Covid patients. It is waiting for FDA authorization to do a trial specifically for long-haul Covid patients, says Dr. Mitrani. Organicell says no significant side effects have been reported so far.
PureTech, a Boston-based biotechnology company, is also looking to test LYT-100, its experimental drug, to treat lung-scarring in post-acute Covid patients.
Toby Maher, a professor of medicine at the University of Southern California, is principal investigator of a study testing the use of LYT-100, an anti-inflammatory drug. Dr. Maher is overseeing a Phase 2 clinical trial starting to recruit 168 patients who are at least one month post-hospitalization, but are still having difficulty breathing and whose lung scans show residue of disease.
LYT-100 is an oral tablet taken twice a day. The company says the main anticipated side effects are gastrointestinal issues such as bloating and nausea, but says most patients should be able to take the treatment without problems.
RELATED COVERAGE
Doctors Begin to Crack Covid’s Mysterious Long-Term Effects
Three Months In, These Patients Are Still Ravaged by Covid’s Fallout
Suffering From Covid for Months—and Battling Murky Test Results Too
For Covid Long-Haulers, a Little-Known Diagnosis Offers Possible Treatments—and New Challenges
“Increasingly we’re recognizing there are a large number of patients left with significant symptoms following Covid infection and those symptoms appear to be caused by permanent damage to the lung in the form of scarring,” says Dr. Maher.
Some doctors believe that some long-haul Covid patients are suffering from myalgic encephalomyelitis/chronic fatigue syndrome, a post-viral condition. AIM ImmunoTech, an Ocala, Fla., biotechnology company, recently got approval to expand its ongoing clinical trial for CFS to include Covid patients who have chronic fatigue-like symptoms, says Tom Equels, CEO of the company. The company is treating patients with Ampligen, an experimental antiviral drug administered as an IV infusion.
The company says Ampligen has been generally well tolerated, with the most likely side effect being mild and transitory flu-like symptoms. It works by activating and enhancing the natural human immune system.
An October study published in the journal PLOS One found that the earlier ME/CFS patients take Ampligen, the better the outcome, says Mr. Equels. “We have a unique opportunity here with the Covid long-haulers to catch the chronic disease at the early stages of the disease,” he said.
Write to Sumathi Reddy at sumathi.reddy@wsj.com
Tax loss selling always hits dogs in the market -- this makes sense.
Sleepy sleepy forum! I'm hoping that means we're all just letting this play out.
Here's my .02 -- the earnings call on Dec 7 pointed to some favorable winds -- positive cashflow at retail, improving gross margins, and an actionable plan for opening new locations within THIS quarter.
If a few good press releases come in the next few months with positive news, I think 2021 could be an UP year.
I think what we're seeing is DIGESTION -- the markets are digesting the earnings report and call and probably taking some quick profits for those who got in last week at .14
I remember years ago I owned stock in the Koo Koo Roo chicken chain and it was ALLLLLLLL about retail execution. Amount of stores opened, locations scouted for future locations, optimizing existing stores, and boosting average in-store transaction sizes.
All this takes time, and in all honesty I think the stock price will be sideways for a while -- again, as the broader market digests all the turnaround markers.
I'm Long. I'm a believer. And I think in a year from now we're going to have a LOT to talk about :)
Holding since '16
Still holding and thinking of adding more as we should be wrapping up Stage 3 of trials. Plus, pipeline looks promising for PRO140 offshoots. Interesting that we've seen movement in the last week or so after a cold winter at .55 - .65
What's everyone thinking about spring/summer?