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No margin. Over the counter stocks that end with letter F, like this stock. I did open up a E*Trade account.
My 10 cannabis stocks are down 63% combined. This holding down 55% Would be lower if I didn't average down a bit. Vanguard will not let me buy only sell forcing me to open a Etrade account. Question, is this effectively lowering the price as some investors just wash their hands from Vanguard and other brokerages since limited to sell only? By the way should be illegal to not be able to buy. Thanks in advance to any replies..
Hope you are doing good?
Spot on.
OMG ......he is a conman.
Nice entry price.
Buying today ?
Might be everyone is still down like me. Glad 2021 almost gone.
WOW I am getting my rewards after all. Congratulations
The whole sector declining not just here. Good time to add a little in my opinion. Wild ride this cannabis investing, but getting closer to full legalization and safe banking ACT ..... IMHO.
Earnings Wed should be interesting. Big numbers plus ?
Here we go ???? SOL Global Investments Settles Litigation with 1235 Fund LP
Settlement Amount of $68.5 million Plus Principal and Interest
TORONTO, August 07, 2021--(BUSINESS WIRE)--SOL Global Investments Corp. ("SOL Global" or the "Company") (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) is pleased to announce that the litigation relating to a senior, secured non-convertible debenture issued and sold to 1235 Fund LP ("1235") in the principal amount of CAD$50 million and bearing interest at 6.0% per annum (the "Debenture") has been settled. As previously disclosed, SOL Global had commenced legal proceedings in New York against 1235 and another entity, and 1235 had commenced legal proceedings against SOL Global and others in Ontario. Both legal proceedings concerned the interpretation of the Debenture and related agreements and the rights of the parties under these agreements.
Pursuant to the settlement, a subsidiary of SOL Global will acquire all of 1235’s rights under the Debenture for CAD $120 million (which is CAD $68.5 million above the Debenture’s principal and accrued interest), which will be paid on September 7, 2021. To partially fund the acquisition, the subsidiary will receive an equity investment from SOL Global which has entered into a loan agreement with an arm’s length private lender for a secured loan in the principal amount of CAD$50 million (the "Loan"). The Loan will have a term of 12 months and will bear interest at the rate of 9% per annum. The Loan will be secured by a general security agreement.
"SOL Global is pleased that the litigation is at an end," said SOL Global CEO, Andy DeFrancesco. "Although SOL Global’s subsidiary has sufficient holdings to fully fund the acquisition, we decided to take on a small loan rather than fund the acquisition solely from a sell down of our portfolio, as we see significant upside in our core holdings."
"1235 can confirm that the litigation with SOL Global concerning the Debenture has been settled on a mutually acceptable basis," said the Director of the General Partner of 1235.
https://finance.yahoo.com/news/sol-global-investments-settles-litigation-130000751.html
Auto parts maker Holley hits NYSE via SPAC merger
https://finance.yahoo.com/video/auto-parts-maker-holley-hits-182121672.html
July 8 at 4PM ET: Holley CFO & EVP, Empower CEO Fireside Chat with IPO Edge
https://finance.yahoo.com/news/july-8-4pm-et-holley-233616348.html
Marijuana legalization has won https://www.msn.com/en-us/health/medical/marijuana-legalization-has-won/ar-AALjXkJ?ocid=msedgdhp&pc=U531
Vox.com
Marijuana legalization has won
German Lopez 1 day ago
6 Comments
265
Full RI Senate approves legalizing recreational marijuana use
Georgia officials collect fees from Trump’s lawyers — but who really paid for bogus…
The US is nearing a tipping point of sorts on marijuana legalization: Almost half the country — about 44 percent of the population — now lives in a state where marijuana is legal or soon will be legal to consume just for fun.
a colorful kite: A marijuana-themed US flag flies during a 2019 protest at the US Capitol.© Bill Clark/CQ-Roll Call Inc./Getty Images A marijuana-themed US flag flies during a 2019 protest at the US Capitol.
The past several months alone have seen a burst of activity as five states across the US legalized marijuana for recreational use: New Jersey, New York, Virginia, New Mexico, and, on Tuesday, Connecticut.
It’s a massive shift that took place over just a few years. A decade ago, no states allowed marijuana for recreational use; the first states to legalize cannabis in 2012, Colorado and Washington, did so through voter-driven initiatives. Now, 18 states and Washington, DC, have legalized marijuana (although DC doesn’t yet allow sales) — with six enacting their laws through legislatures, showing even typically cautious politicians are embracing the issue.
At this point, the question of nationwide marijuana legalization is more a matter of when, not if. At least two-thirds of the American public support the change, based on various public opinion surveys in recent years. Of the 15 states where marijuana legalization has been on the ballot since 2012, it was approved in 13 — including Republican-dominated Alaska, Montana, and South Dakota (although South Dakota’s measure is currently held up in the courts). In the 2020 election, the legalization initiative in swing state Arizona got nearly 300,000 more votes than either Joe Biden or Donald Trump.
Legalization has also created a big new industry in very populous states, including California and, soon, New York, and that industry is going to push to continue expanding. One of the US’s neighbors, Canada, has already legalized pot, and the other, Mexico, is likely to legalize it soon, creating an international market that would love to tap into US consumers.
The walls are closing in on this issue for legalization opponents — and quickly.
Many politicians have played it cautiously in response to these trends. While some high-profile Democrats, including Senate Majority Leader Chuck Schumer, have come out in support, Biden continues to oppose legalization. Republicans, including Trump, are almost entirely opposed.
But at this point, their refusal comes off more like a last gasp than a movement that can hold back the tide of change. At a certain point, lawmakers will have to follow public opinion or risk losing an election. And the public has spoken very clearly, time and again.
What’s less clear is how it will happen. Maybe it’ll be a slow, state-by-state battle before the federal government ends its own prohibition on cannabis, or maybe federal action will lead to a flurry of states legalizing. What has become clear is that legalization will eventually win, and the vast majority of states, if not all, will soon join the ranks of the legalizers.
Marijuana legalization is very popular
In the span of two decades, marijuana legalization has gone from a fringe issue to one the vast majority of Americans embrace.
In 2000, just 31 percent of the country backed legalization while 64 percent opposed it, according to Gallup’s public surveys. By 2020, the numbers flipped: The most recent Gallup poll on the topic showed that 68 percent supported legalization and 32 percent were against it.
Video: Both parties are working on legalizing cannabis and federal legalization is coming: Canopy Growth CEO (Yahoo! Finance)
Video player from: Oath (Privacy Policy)
There are a few possible explanations for the flip. The general failure of the war on drugs to actually stop widespread drug addiction (see: the opioid epidemic), as well as backlash to the punitive policies the drug war brought, left a lot of Americans craving new approaches. The public has come to see marijuana as not so bad — less harmful than legal drugs such as alcohol or tobacco. The advent of the internet likely sped up some of these conversations, too, and the spread of medical marijuana might have shown more Americans that the US can handle the drug’s legalization.
chart, line chart© Gallup
Regardless, the trend toward support is found in basically every major survey on this issue, with polling groups consistently finding a strong majority backing of legalization, from the Pew Research Center (67 percent in 2019) to the General Social Survey (61 percent in 2018).
The trend toward legalization is found in the real world, too. Oregon voters rejected a legalization measure in 2012, only to approve a separate initiative two years later. Arizona voters said no to a legalization measure in 2016, only to approve another one four years later.
There’s even solid Republican support for legalization. Gallup found that a slim majority of Republicans supported it in 2017, 2018, and 2019; a majority opposed it in 2020, but the difference was within the margin of error, and a sizable minority of 48 percent still backed legalization. Pew also found a majority of Republicans — 55 percent — backed legalization in 2019.
This Republican support is also seen in the real world. In the 2020 election, Trump won Montana by 16 points and South Dakota by 26 points. In both states that same year, most voters approved legalization initiatives, with pretty strong margins of around 8 percentage points in South Dakota and 16 percentage points in Montana.
In other words, marijuana legalization has appeared on the ballot in four states dominated by Republicans: Alaska, Montana, North Dakota, and South Dakota. It’s won in three of them, losing only in North Dakota. Marijuana legalization is 3-1 in solid red states!
There’s little reason to think that any of these trends will change soon.
There’s not much that can turn this around
There’s a world in which you could envision growing support for marijuana legalization suddenly collapsing. Maybe after Colorado, Washington, or a few other states legalized, things went really badly. Teen use went up, along with car crashes, crime, ER visits related to pot, and other bad outcomes. Voters see the error of their ways and change course.
But that just hasn’t happened. In the states that have legalized, things have generally gone fine. There were some concerns about marijuana-laced edibles in the early days, but those worries faded quickly as regulators instituted some new rules and retail outlets bolstered their advice to newbies about how to consume edibles. The gigantic rise in all the problem outcomes legalization opponents warned against never came to fruition.
A big tell here is how often politicians flip-flop to support legalization once their state legalizes and things go basically fine. In Colorado, then-Gov. John Hickenlooper in 2012 said he opposed the ballot measure, only to fully support legalization and brag about how his administration implemented it by the time he ran for senator in 2020. Washington Gov. Jay Inslee, who opposed legalization during his 2012 run, said in March that the one thing he’d do differently is “[embrace] this position of decriminalizing it earlier, had I known how successful this has been with not any really large increase in juvenile usage, which was a concern while we were debating this.”
There are also major forces that will continue to support legalization and encourage its expansion. The US marijuana industry is now valued at more than $18 billion, supporting the equivalent of over 300,000 full-time jobs, more than the total number of electrical engineers or dentists, according to the 2021 Leafly Jobs Report.
This is simply a big industry now, for better or worse. Any politician moving to shut it down risks incurring the wrath of hundreds of thousands of people losing their jobs. And because it’s a promising industry, there’s a strong economic incentive — between additional jobs and tax revenue — for more states to embrace legalization.
Not to mention that this major new industry can now use its economic weight to directly back legalization measures, providing much-needed funding to help get them across the finish line. In this way, marijuana legalization’s success at the ballot box so far will lead to more success.
There are, of course, still major barriers to full legalization nationwide. Marijuana remains illegal under federal law, including in states that have legalized it under their own statutes. International treaties prohibit countries from legalizing marijuana for recreational uses (although with Canada, Mexico, and Uruguay moving to legalize, it doesn’t seem like anyone really cares). Most of the US population still lives in a state that hasn’t legalized, and it will take a lot of time and effort in legislatures and ballot boxes to change that.
But it’s now very clear where the trends are heading. It might take several more years to become national reality, but marijuana legalization is here to stay.
What happens when the news of federal legislation in the United States is announced? You know it is coming down the road.
Nice looking ETF you have, I am going to check that list. Thanks for sharing.
Great chart, appreciate it.
Check chief thanks.
Thank you very much, wow your pretty smart. I definitely didn't think I get this kind of response, but definitely appreciate it.
I see your point and a smart move thank you.
I bought this fast and early, now need to lock shares up in a vault all 500 lol. Last of the big time traders.....
Our time is coming.
Can we keep this going to the bell?
Curious if anyone has thoughts of buy point? Looks like a good time to buy is now. Thank you for any opinions.
First quarter 2021 adjusted EBITDA of $75 million, an industry-leading 52% margin......Gross profit margin of over 62% for first quarter 2021
Great volume to boot, lets keep going!
I post this on my Twitter too. Let people know who we are.
When one is the clear leader in an industry. You mean in Florida?
Ditto.
Good to know, but other MSOs crushed earnings and stock price didn't move. Hoping this does not happen here.
That works!
To much hate in the world. Look me up if your ever in NW In.
I bought 100 today @ $37.91, just feels like a good starting point. GLTA
Finally checked out the dispensary, wow was it busy. Parking lot was completely full when I got there around 1 pm. I had pre ordered so I just buzzed the door and went inside. Very friendly staff even on this very busy day. Must of been like 20-30 people. I didn't have to wait the pre order line was free. I could not take pictures inside except the one wall logo. Anyway I was blown away how busy the store was and how fast they were. The walk in customers probably not as fast.
I think they call this a blowout , congratulations .
SOL Global Provides Audited Financials for Year Ended November 2020
Audited Year-End Results
For the year-ended November 30, 2020, the Company recorded a positive net income of $98 million VS Year-end November 30, 2019 loss of ($103) million. This represents a favourable change of $201.4 million.
Total gain from investments totalled $139.0 million for the year-ended November 30, 2020, compared to loss of ($113.2) million for the eight-month period ended November 30, 2019. This represents a favourable change of $252.2 million between periods.
The Net Asset Value ("NAV") per share is equal to $3.51 at November 30, 2020 VS $1.70 at November 30, 2019.
SOL Global has significantly strengthened its asset base as compared to previous years when market multiples were higher. The gains reported in the financial statements are reflective of material operational improvements and growth in the underlying investments.https://finance.yahoo.com/news/sol-global-provides-audited-financials-004500572.html