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.
Interesting how news is whipsawing the stock. The other day charts were looking really positive. Of course all of this is playing out just like I said, "NEWS determines the price". It was up due to anticipation of Safe and it is now down due to the lack of follow through so far by congress.
McConnell needs to head back to KY and stay there, quit the senate and call it a day. Schumer should have gotten his act together earlier in the year also and put something out there that could be voted on. What a bunch of idiots. If this doesn't pass by the end of the year I'm gonna quit watching things so closely.
I wouldn't count out a bill passage by year end.
https://www.washingtontimes.com/news/2022/dec/5/senate-eyes-passing-marijuana-bills-early-christma/
I'm going to rely on TCNNF to make decisions as to running the company. I don't see a lot that I would change.
It's fairly apparent with the self off this morning that obstacles yesterday surfaced causing the decline. It is very frustrating watching the do nothing congress and senate. They've had all year to get this done.
From an article I read concerning PA. Last year Quincy, Florida-based Trulieve bought three buildings, including a former U.S. Steel guard house, and nearly 37 acres from the Regional Industrial Development Corp. to build a medical marijuana cultivation and processing facility in McKeesport, totaling at least 508,000 square feet — a sprawling nine football fields in size.
And: https://ca.finance.yahoo.com/news/trulieve-launches-khalifa-kush-cannabis-124700143.html
This is an article about Curaleaf, but I would think pertains to TCNNF also. From and interview with their CEO.
On Curaleaf’s latest earnings call, you mentioned you’re looking into uplisting to a larger exchange such as the Nasdaq. Can you share more?
Yeah, so hopefully SAFE passes in the lame-duck (Congress).
And, if that occurs, the U.S. exchanges potentially are going to be available depending on what the language of that law actually says.
So we have been proactively speaking to Nasdaq about that opportunity.
That Nasdaq lists non-plant-touching companies that derive all the revenue from plant-touching companies or international companies that are not even U.S.-based feels a little backward.
But to list U.S. plant-touching companies, they need federal legislation to permit them to do that.
We’ve been talking to the (Toronto Stock Exchange) as well.
I think there’s a path potentially to uplist to the TSX, which would be an improvement in liquidity and availability of at least some institutional investors to purchase our stock.
We’re having all of those conversations, and ultimately, we want to figure out the best opportunity for liquidity being accessible to the larger investor base.
Pretty heavy volume over the first 30 minutes. Let's see where it ends up.
Anybody got an explanation for the upward march, other than it being news and anticipation that Safe in some for will pass before the end of the year ? People are jumping on board. We are now getting close to a double from the low.
Rivers has already mentioned that once they are able to uplist they have things in order to do so. Waiting on the senate to get their act together.
From what I've read DOJ has already signed off on Safe.
I agree there will be opportunities. I do think we are looking at some great opportunities right now with some stocks. As far as TCNNF, I'm loaded and I see a favorable long term regardless of the overall economy. The inflation story is one that nobody seems to be sure of, but I am speculating by 2024 at the latest, inflation will be much lower. The Chinese are mucking up the world economy, as are the Saudis and Russians. Some of these things the US has very little control over. History has taught us that the market goes up over the longer term.
"The nominal return on investment of $100 is $121.89, or 121.89%. This means by 2022 you would have $221.89 in your pocket.
However, it's important to take into account the effect of inflation when considering an investment and especially a long-term investment. You can convert S&P returns to their real (inflation-adjusted) value using an inflation calculation based on the U.S. Bureau of Labor Statistics Consumer Price Index (CPI).
In the case of the returns described above, the CPI in 2016 was 240.007 and the CPI in 2022 was 298.012.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 6 years.
Adjusted for inflation, the $221.89 nominal end value of the original $100 investment would have a real return of roughly $78.70 in 2016 dollars. This means the inflation-adjusted return is 78.70% as opposed to the original 121.89%.
The information on this page is derived from Robert Shiller's book, Irrational Exuberance and the accompanying dataset, as well as the U.S. Bureau of Labor Statistics' monthly CPI logs."
So I don't really see the politics of the country effecting the overall market over the long term. Generally we have a higher return during years we have a democrat in the presidency, other than that I'm not sure much politically effects the longer term. Just my opinion.
That is a definite possibility, however I think dems will drop the pie in the sky requests and go for a watered down SAFE. Incremental is the name of the game. I do expect SAFE to pass by year end, however if it doesn't 2023 will work also. The republican congress is going to be a Xhitshow.
Thanks.
Drive-thru weed gets no opposition
By J. Graber, Progress Staff Writer 6 hrs ago 0
There does not appear to be any initial opposition from the community to a plan to add a drive-thru facility at a marijuana dispensary at 15190 N. Hayden Road in the Scottsdale Airpark.
While neighbors and homeowners associations in the area were notified, nobody showed up to an open house to introduce the community to the idea Nov. 16 and Nov. 17.
Scottsdale’s city ordinance does not currently allow for a drive-thru marijuana dispensary but Trulieve, which owns the dispensary and is doing business under the name Harvest of Scottsdale, is proposing a zoning text amendment to allow it.
“Similar to other drive-thru retail locations in Arizona, this option at a dispensary would allow for faster transaction times,” said Lauren Niehaus, director of Trulieve’s government relations.
“Most importantly, this change in the law would allow for our most immuno-compromised patients to receive their medicine without exposing themselves to in-person shopping.”
MACON, Ga. (WGXA) -- Following a ribbon-cutting ceremony for a new medical cannabis facility in Cook County, it was revealed by Trulieve CEO Kim Rivers that the company's first dispensary will be in Macon.
More: Ribbon cutting held in Cook County for Georgia's first Medical Cannabis facility
WFXL's Kerri Copello asked Rivers when Trulieve's products will be available in Georgia and Rivers gave a surprising answer.
"Actually, we're manufacturing now, so we're in the final stages of having product available," she began explaining. "Of course, we need to get our dispensaries open and approved. I believe we will have a CO or Certificate of Occupancy in Macon really done the middle of this month."
Yep. It will go much lower.
Pretty heavy volume today over 500k shares. Much more than usual. Yep, people are accumulating in anticipation of some legislation dropping soon. IMO. The stock has de-coupled from the overall market at this point with the dow up.10% and TCNNF up 4.71% . A definite divergence.
The leading Republican trying to make a deal is Sen. Steve Daines (R-MT). A spokesman told Punchowl Friday that efforts are ongoing to “build consensus so we can pass ‘SAFE Banking’ into law this year.”
That's a joke. I wouldn't even put out a price target of $18 unless it was for the end of Dec 2022.
Pretty significant sales numbers this week.
111,839,225 mgs THC
1,784,668 mgs low THC
44,170.131 oz smokeable.
remember this is just FL Dispensaries.
You shouldn't be in this stock IMO if you aren't long term. For those looking to make a quick buck you missed the 50's. If you are looking longer term then things will work out. I am not a market timer and don't trade any stock like some people on this board. I find a good company (at least I hope I find a good one) then I sit on it. It has served me well. You can always look back on a short term investment and think you made a bad investment when it drops. If you are a good market timer (which hardly anyone is) you might get lucky. We have been jerked around with this one because Congress/Senate can't get their act together. And yes you have to look at the total picture. IMO the picture is looking pretty good. So I have been buying without regard to the price, because the potential is there to go back to the 50's or beyond. If you can't wait then maybe this isn't the stock for you. IMO not investment advice. It's always easier to look back than look forward. I missed Amazon at 9, paid much more and have made money holding. This board is mainly for entertainment, not investment advice. I only come here hoping to find a nugget of information I hadn't seen, not a recommendation. But each person does their own thing. GLTA
IMO if you didn't buy at the low in the 8's you missed a deal. The stock is up over 60% since Sep.
Probably. SWAG. Legislation will prove me right. Unfortunately we are all captive by our Congress/Senate lack of action. Things are headed in the right direction. I agree with the five card analogy with most stocks, TCNNF just doesn't meet that criteria in my mind. The one reason is that there are very few stocks if any that rely on legislation determining their future. I mean look at Amazon or Apple. I don't think their fortunes are based on any pending legislation. While legislation can effect them, it is not a make or break situation and wouldn't have the same impact on them. I do look at earnings, store openings, insider buying expansion and the company story etc, but since charts do not predict legislation I will pass on that idea. While l don't think legislation will make or break TCNNF at this point, it would accelerate rapidly their stock value. I don't think you can say that about many other stocks. TCNNF is a different animal in the stock investing universe.
I sorta figured the chart people would jump back in now that we're around 14. This stock doesn't go up .91 in a day because the charts said so. It goes up on news that is about to drop. Get ready.
Does anybody else believe the Senate is going to drop some legislation by the end of next week. The anticipation is running up this stock and somebody knows something or we wouldn't be up .91 today.
Interview with republican congress folks.
https://www.marijuanamoment.net/three-gop-lawmakers-lay-out-next-steps-for-marijuana-reform-in-lame-duck-session-and-next-congress/
Looks like we're in a wait and see phase here. No volume.
Pressure on Senate. When money is involved things start moving : https://www.marijuanamoment.net/major-financial-association-and-44-state-partners-demand-marijuana-banking-vote-in-the-senate-before-years-end/
Volume picking up this morning. Already 107k shares traded. Look for the price to run up. IMO.
Since they have been working on MJ legislation for a while, I think they will put forward something that will appeal to republicans. In fact, republicans have commented before about the inaction by democrats on Safe banking. Democrats will have to give up some of the extras they want in the legislation or it won't pass. I see a narrow Safe banking with some criminal elements included that can pass.
Because the stock has run up to over 13 with the anticipation of some legislation. I think we get some legislation before the end of the year like Safe +. I think they will drop a lot of those extra things to get it passed. With the run up already putting the price over 13, pent up demand will move it higher. IMO. The FDA, DEA etc still haven't made their recommendations on rescheduling, but if that happens in a positive way, we will probably see a much larger run up. TCNNF has already set themselves up to list on a different exchange, should legislation change.
GLTA. End of the year should now get very interesting.
Made it.
Looks like we reached 13 before the end of the month. Depending on what happens over the next two weeks, we could be much higher IMO.
I don’t see full legalization passing, but I do see SAFE + passing by the 1st.
I look for some legislation to drop in the next two weeks. Safe Banking +