is old creep
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Would you believe the marijuana SAFE BANKING ACT our beloved Gooberment is gearing up to pass soon is all about boosting $FNMA~ $FMCC~ REVENUE$ by the Billion$$$...
I'm in for the long haul looking for a 10+++ bagger which I did on this ticker 2 1/2 years ago. If Biden signs off on Safe Banking, which he's indicated he would, then institutional investors takeover after the 1st of 2024.
$Dollar land is a real possibility for $MMNFF~ with that paradigm shift. Banks need the cash flow right now and the Senate Banking Committee knows that. Plus, this administration needs to start making baskets now for the 2024 elections. After all, Federal Marijuana reform was one of the big 2020 campaign promises.
Ps enjoy the free $MMNFF~ stock
Added a couple more large $MMNFF~ blocks at the new $0.02 support level averaging up which I rarely do but I've a similar good hunch
In the real world value is whatever price the market bares. Hope that helps
Which JPS are trading at face value?
Support @ $0,02
MedMen Expands Chicago-Area Footprint, Opens Newest Dispensary in Morton Grove
May 17, 2023 04:05 PM Eastern Daylight Time
https://www.businesswire.com/news/home/20230517005751/en/MedMen-Expands-Chicago-Area-Footprint-Opens-Newest-Dispensary-in-Morton-Grove
$MMNFF~ Break $0.0340 then Blue Sky to $0.2700
$MMNFF~ Waiting for the next Schumer to drop https://www.c-span.org/video/?c5070447/user-clip-schumer-talks-cannabis-banking
$MMNFF~ LOADING ZONE.
So far, so good... https://www.reuters.com/world/us/marijuana-banking-bill-heads-senate-banking-committee-2023-05-11/
Examining Cannabis Banking Challenges of Small Businesses and Workers
https://www.banking.senate.gov/hearings/examining-cannabis-banking-challenges-of-small-businesses-and-workers
Safe Bankings on the top of my list for this ticker. That's when institutional investors foray into the sector through the doors opeed to them and we know the banks could use these dispensarys' deposits right about now $MMNFF~
Good Morning MMNFF. Thanks for bouncing off my .0125 target with a full fill yesterday
Ralph also said nothing would happen before 2026 and we've heard nothing from him since. I believe he was basing that on the expiration of warrants assuming Gooberment will do something before warrants expired but by now we know the death spiral picture painted of FnF actually represents the Gooberments dysfunction. You can count on the likes of Brandon to F it up.
There's even less benefit to administrating a private company after your paper grip on 80% of the assets expire leaving yah liable for trillions. That's when paying back the 135bil excess dividends stolen then washing your hands becomes the easier softer way.
No third party capital is interested unless Gooberment SPSPA liquidation preference is zero which happens with the expiration of the warrants.
That would have happened long ago if there was a snowballs chance in hell of success.
Gooberment's already bogged down by shareholder lawsuits for arbitrarily changing the arbitrary conservatorship so arbitrary extension of their warrants is a comikaze mission. The 20 year fuse was supposed to garner a profit for the "taxpayer's investment" so exercising or extending them spotlights the epic failure. They'll just watch it fizzle out coz it's the easier softer way.
Time ??'s
Getting closer to my target
I'm always serious cept fer when I'm joking
That will happen after the 5th letter agreement raises the $5 billion ceiling to $135 billion. Look for the 5th letter agreement in December, 2028
You mean JPSH's need SPSPA liquidation preference resolved to favor JPSH non cumulative shares into cumulative shares, yes?
In 2028 the warrants expire then things happen. It will be fun to watch it become a topic of discussion by a Government that's completely disconnected from what happened 20 years prior (during an election year) when it's already to late to do anything towards getting any actual value for the warrants while all bridges to warrant value are ablaze burning off the ineptitude soaked scaffolding barely supporting Gooberments worthless stake.
The good news is we're 75% of the way there.
HAPPY NEW YEAR FnF!
The company website under the investors tab has all the sec filings and earnings calls.
https://investors.medmen.com/home/default.aspx
They've recently released Q1 2023 as their fiscal year begins in the middle of the calendar year
Who bought 17 million shares today on no news?
It's enough to fight a proxy war against Russia
Got a little volume bump today. Jury loading?
Good sector news with Newsome signing lots of California pro cannabis legislation Sunday... https://www.marijuanamoment.net/california-governor-signs-10-marijuana-bills-including-interstate-commerce-employment-protections-and-record-sealing/
The valuation of MedMen's been well over a billion before and would be in the billions upon passage of Safe Banking and the SS chartered bylaws allow for unlimited Authorized Shares so there's no necessity for a Reserve Split. I don't see that happening until it makes sense to aggressively expand the Companies footprint after past deficits are left behind or passage of Safe Banking Act is finalized. Until then the company still has profitable revenues store by store and dilution's been tamed with the sale of Florida Stores which dissolved a huge chunk of debt. By the time the time is right to up list the Companies it's valuation will be in the billions and the stock in dollar land even from a penny should we ever be lucky enough to accumulate at that price. At that the right time I see a mild Reverse Split of 10 to 1 for up list purposes setting the price between $10 and $30 which would be a good investment as a rapidly expanding company in a disruptive sector listed on a major exchange. This is no sub penny stock with it's current revenue and enterprise value despite it's debt.
There's no reason to up list now. Why when do you think they might?
MedMen Completes Sale of Florida Assets
08/22/2022
Company considering strategic alternatives for New York’s adult-use market.
LOS ANGELES--(BUSINESS WIRE)-- MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF), a premier cannabis retailer with operations across the United States, today announced the close of a $67 million deal with Florida-based private company Green Sentry Holdings LLC (“Green Sentry”) for the Company’s Florida-based operations, including its license, dispensaries, inventory, and cultivation operations. The deal is comprised of $63 million in cash and approximately $4 million in liabilities to be assumed by Green Sentry. The deal also includes the license of MedMen’s trademarks in the state.
“We are pleased to announce the successful completion of this deal, particularly given the challenging economic environment we are operating in,” said Ed Record, MedMen’s CEO. “The sale of MedMen’s Florida assets marks an important step in the company’s restructuring efforts designed to provide greater financial flexibility and a stronger, leaner operating structure – and ultimately put us on a path to being EBITDA positive.”
Continued Record, “We also are making great strides in improving our relationships with our partners and vendors, as well as increasing our support of social equity initiatives – both are priorities as we reestablish MedMen’s company culture and brand.”
MedMen also announced it’s currently exploring strategic alternatives for New York, where the Company operates a cultivation facility and four dispensaries under the state’s existing medical program. MedMen's operational footprint is primed to benefit from the pending rollout of recreational sales in New York.
Added Record, “We are focused on maximizing our existing footprint, including our operations in New York. New York’s adult-use market will be game-changing for the entire industry, and we are considering all options to ensure strong shareholder return. This includes the potential sale of assets and/or licensing of the MedMen trademark.”
https://investors.medmen.com/press-releases/press-release-details/2022/MedMen-Completes-Sale-of-Florida-Assets/default.aspx
Terms of the agreement with Green Sentry are available in an 8-K filed on Aug. 22, 2022.
https://sec.report/CIK/0001776932
Published 8/26/22.
https://sec.report/Document/0001829126-22-016227/
LOL! Ascend Wellness Ends MedMen New York Takeover Bid
TG Branfalt TG Branfalt
6 days ago
Ascend Wellness Holdings Inc. is calling off the deal to take over MedMen New York due to concerns about MedMen’s allegedly ‘deteriorating’ assets.
During an earnings call on Monday, Ascend Wellness Holdings Inc. said they were no longer moving forward with their planned takeover of MedMen New York. During the call, Ascend founder and CEO Abner Kurtin said the company was calling off the $88 million deal over concerns about MedMen’s assets, which he described as “deteriorated materially” since December 31.
“We have been engaged in negotiations with MedMen for 17 months and because of the state of MedMen’s assets, it is time for all of us to move on. Because we will not be moving forward with the MedMen transaction, we have $70 million of unencumbered cash at a time when cash is dear.” — Kurtin during the August 15 earnings call
Ascend had already paid $4 million to MedMen New York as a deposit toward the $74 million closing consideration at the time of the May settlement; Ascend was also to make a $14 million payment upon the first sale of adult-use cannabis in a MedMen New York dispensary, according to a Cannabis Business Times report.
The deal had been wrought with allegations from MedMen, including that New York Gov. Kathy Hochul’s (D) office used its influence to help Ascend purchase the company. Ascend countered that MedMen New York fabricated the narrative that claimed the firm “exerted undue influence on New York State government officials in order to obtain regulatory approval.” MedMen New York ultimately withdrew those allegations. Mylan Denerstein, a lawyer representing Ascend, told amNY in February that “when exposed to the slightest scrutiny” MedMen’s claims “collapsed” like “any house of cards.”
During the call, Kurtin added that New York was not a priority for the company due to the state’s “highly uncertain” regulatory environment, the “unknown timing of the commencement of adult-use sales, unclear licensing process, and the lack of policing of the illicit market.”
https://www.ganjapreneur.com/ascend-wellness-ends-medmen-new-york-takeover-bid/
Cannabis companies team up to sue the feds (Newsletter: May 30, 2022)
MedMen Prevails in Lawsuit Against Arizona-Based Whitestar Solutions
Judge rules in MedMen’s favor on all counts, opens the door for MedMen to recover attorneys’ fees
Separately, the Company announces departure of its chief strategy officer
May 23, 2022 04:30 PM Eastern Daylight Time
https://www.businesswire.com/news/home/20220523005960/en/MedMen-Prevails-in-Lawsuit-Against-Arizona-Based-Whitestar-Solutions
That's on topic and on point!