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I don't follow CA or CO because TCNNF has little exposure there.
So what chart told you it was going down ?
Unfortunately there has been no positive news other than they did have a senate hearing on Safe Banking. Had there been some positive news from the 1qtr report and more direction from the Senate, we would be somewhere else. Pretty heavy volume, unfortunately it was on the downside.
It will force more of the smaller outfits out of business sooner and keep them from expanding.
More competitive not really a bad thing for TCNNF. I think Schumer steps aside on his pie in the sky if he gets much push back.
https://www.marijuanamoment.net/american-bankers-association-calls-for-swift-passage-of-marijuana-banking-bill-ahead-of-senate-committee-hearing/
Wednesday : FULL COMMITTEE HEARING
Examining Cannabis Banking Challenges of Small Businesses and Workers
DATE: Thursday, May 11, 2023 Add to my Calendar TIME: 09:45 AM LOCATION: Dirksen Senate Office Building 538
While I think Safe can pass, Schumer needs to give up his pie in the sky requests and get it passed.
IMO we will close at or above 6 this week pretty easily. Onward and upward.
Two significant events this next week. Hearing on Safe and TCNNF reports 1qtr earnings. That could make the week a very profitable one, assuming both events are positive.
6 here we come.
On April 26, 2023, Joy Malivuk, age 48, was appointed as the Vice President, Chief Accounting Officer of Trulieve Cannabis Corp. (the “Company”). Ms. Malivuk has nearly 24 years of accounting and finance experience. Prior to joining the Company, from 2008 to 2023, Ms. Malivuk held roles of increasing responsibility, including most recently as Director of Accounting at HSN, Inc., a subsidiary of QVC, Inc., where she oversaw the accounting function and was responsible for financial reporting, general accounting and SOX compliance. Previously, she served as HSN’s Operational Vice President of Financial Reporting and SEC Compliance.
Why would you hire someone of this caliber ? Because something big is about to happen.
Key Senate Committee Officially Schedules Hearing On Marijuana Banking Bill For Next Week (11 May). So now we have at least a committee hearing, then hopefully it can move on to a floor vote. This is big news, but we'll see what happens.
We'll see what happens next week. Could be a really good week for TCNNF with earnings reporting and this : https://seekingalpha.com/news/3965912-sen-sherrod-brown-eyes-safe-banking-hearing-next-week
Glad TCNNF has dispensaries in MD. 3 dispensaries currently open.
https://www.marijuanamoment.net/maryland-governor-signs-marijuana-regulation-bill-into-law-with-sales-set-to-begin-july-1/
Anticipation of Safe Banking passing the congress and senate.
Looks like we're headed to 6 in the short term. You can't hold a good stock down.
Get Ready, Ohio! Trulieve’s First Cannabis Dispensary Is Opening Soon
With the state’s medical cannabis program going strong, Trulieve is poised for exciting growth by entering the market in Ohio. We are looking forward to serving patients with access to quality cannabis products at affordable prices to meet a range of medical and therapeutic needs.
Coming soon to Columbus, OH
Trulieve will be opening a number of medical cannabis dispensaries in the state beginning with Columbus, OH! Stay tuned for more details.
8295 Sancus Blvd, Columbus, OH 43081 – Opening in 2023
I am hopeful congress and senate can get their act together. Schumer needs to let Safe pass without adding a bunch of "like to haves". A standalone bill will be key. We'll see what the quarter report shows in ten days. If congress does pass something you better be watching very closely because I think the price will jump radically to the upside. Without some legislation I think we see the smaller outfits go under, which wouldn't be a bad thing for TCNNF.
Thanks for the first hand report. Apparently they opened two dispensaries today. One in Macon also.
I keep posting these articles because it shows that at least there is some talk going on, whether the bills pass or not depends on the Republicans. Once we get common sense republicans in the congress maybe things will change.
https://www.marijuanamoment.net/insurance-companies-that-work-with-marijuana-businesses-would-be-protected-under-bipartisan-congressional-bill/
For my friend that questions my prior post. Republican lawmakers have advanced legislation that would exempt DeSantis’ official travel from public records laws. The bill, which already passed the state Senate and is likely to pass the state House, would apply not just to DeSantis’ future travel, but also his extensive use of state planes throughout his time as governor. Slowly but surely they are dismantling what has existed for years.
https://www.marijuanamoment.net/house-speaker-pledges-to-give-marijuana-legalization-bill-a-committee-vote-gop-congresswoman-says/
Maybe the senate and congress have figured out that Safe Banking is a good incremental move. If so, the rocket ship will take off. With over 600k shares traded today, I'd say we may be headed higher. A couple of weeks until the next earnings report. I suspect we might see some improvement in the numbers. Sales in FL have been up during the quarter.
We are now above the 10 average volume within the first 30 minutes of trading and the price shows it.
Is this causing the big run up today ?
https://www.marijuanamoment.net/bipartisan-u-s-house-and-senate-lawmakers-reintroduce-marijuana-banking-bill/
I'm guessing the volume and price action were not on anybody's chart radar.
TALLAHASSEE, Fla., April 27, 2023 /CNW/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., will hold a conference call on Wednesday, May 10, 2023 at 8:30 AM Eastern Time following the release of its first quarter 2023 financial results.
Two in-state producers, Botanical Sciences and Trulieve Georgia, are expected to have low-THC oil available for patients this summer, after the Georgia Access to Medical Cannabis Commission approved dispensing licenses Wednesday. Each may open up to six dispensary locations.
Trulieve already has a storefront on North Cobb Parkway in Marietta. There will be other dispensaries set up across the state.
Awesome sales in FL for TCNNF. All categories were way up.
Hopefully you'll be amply rewarded. I can't see where we head much lower with all of the talk and activity going on.
Oh man. You mean they are taking away our rights. Can't be, this is the Freedom State right?
I agree, the legislature wants to make it hard to change so they can pass all of their bills without any push back from the population.
Florida where Freedom goes to die.
We'll see if anything happens on 4/20. I don't expect much, but hey, I can dream right.
For those who are MAGA. Do the conspiracy theories ever end with this guy? This is what you're going to get with this guy. https://www.marijuanamoment.net/trump-suggests-genetically-engineered-marijuana-may-be-causing-mass-shootings/