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Up 22% today. Have a nice stew this weekend
Couldn’t agree more.
It will be regulated just like alcohol. Virtually no different. From production to retail. Just like booze.
I have absolutely no concerns.
That’s guaranteed pretty much next year. States need the bucks, banks want in, Wall Street is chafing at the bit, and the pressure will be too much. SAFE Act will be first, or at least a derivative that lets the financial aspects of an ongoing business be equal to everybody else.
I don’t see legalization before 2025. Just a fact. This administration is going to do nothing. Just like the last one.
Trulieve is the gold standard right now. With Harvest rolling in, and MA, PA, and a little WV hitting some real numbers, By the end of next year they can easily be at a $500-million a quarter revenue run rate.
That’s nice. I’m an investor with a think about selling date measured in years. But big bounces like this are good. It means there is interest. And interest always results in longer term investors.
For those who haven’t hit Trulieve.com lately, go take a look. It’s pure Big Time look at us.
She is one smart woman. Hire people smarter than you in each business discipline, and then give them their lead. Micromanagement can kill you in this business.
With earnings now only a couple of weeks away I believe the key metric is going to be their cost of putting an eighth in a container. It’s not easy sometimes to get close to the actual dollar amount, but Trulieve is so honest about their finances that a little digging can get you very close.
Excellent choices. Never even thought of Planet 13. Tru has the grow for that retailer for sure, and the superstore aspect has some serious appeal. The question would be price.
Columbia Care is one of my favorites too. It would give them a really strong presence in New York. If our stock gets into the high 40s that could be one hell,of a deal.
Let’s play a little game. Kim is an M&A person. By the looks of things Harvest is going to be a home run, or at least a triple off the wall.
She likes companies with grow and dispensaries. So who might be next?
Ideas?
Charts aren’t used to companies that double their revenue every year
Tomorrow will tell.
I think 40 maybe the next resting place.
Massive buys at the end of trading. Kicked the shares up almost a buck.
Something is afoot. And folks are just now realizing how massive the Harvest combination makes Tru. With the superior marketing that Trulieve brings along with the added grow and financial clout, I cannot see this company going anywhere but up and up.
For those who question the rollover it’s just good business. One centralized computer system, one packaging, one consistent look (think McDonalds), and one focused marketing message.
I’m willing to bet in two quarters Harvest stores will be doing 25-30% more.
Onward.
It appears they are converting all 38 nation wide. I think that’s smart.
They just put together a $100 million very nice loan at 9.5% with interest only for two years and no stock dilution.
Jushi will be just fine. This time next year it could easily be a ten dollar stock. The northern Virginia market is a gold mine.
Not surprised at all. They have had two months to prepare for fourteen new sites in Florida alone. They know what they are doing here, I’d like to know what they are doing in AZ
Exactly. Almost appears if there is a concerted effort to devalue the top MSOs.
Interesting thought.
It’s not BS. Ask any woman who is in a corporate hierarchy. I do have some serious issues with the patriarchal approach most companies employ with female employees.
Understand, but no where in his negative rant does he even mention anything about any other company. He was focused completely on Trulieve. My bet is he shorted the stock, and over the remainder of this week I hope he gets his ass handed to him.
It’s a hit piece, pure and simple. Why not pick on GTI or Curaleaf or even Cresco. My bet is this guy doesn’t like woman in power positions.
He is wildly inaccurate, and appears to have no idea about the Harvest combination at all. And even worse he clearly doesn’t understand how agricultural companies even work. You have to grow it first before you sell it. And his biggest mistake is the failure to recognize the financial damage that 280E imposes on all Cannabis companies.
It’s a hit piece.
Onward.
Maybe the most oversold percentage wise of any major player.
Buying every day
I’m holding, and adding a bit here and there. Why?
This is a perfect acquisition target.
Difference is investing versus trading.
Investing is a long term view measured in years.
Trading is a short term bet on direction measured in days.
Old expression on Wall Street - pigs get fat, hogs get slaughtered.
Thank you.
We will stay the course.
Onward.
No dude. It’s about you didn’t believe in her from the beginning especially since Tru has been profitable for 14 quarters and nobody else is even close.
But nice try.
Wow. I’m not going to comment on your silent misogynistic misgivings, but she’s the smartest human in the room.
Learn to live with it.
For grins and giggles:
What will Trulieve report on Nov 15th?
My guess is $226MM in revenues, $88MM net profits
That might well be the understatement of the year. Tru will explode in value.
Couldn’t agree more, however the Dems aren’t going to do anything this year, and next year is just 50-50. The reason?
It’s not a voter issue. I know I’m going to get some pushback here, but the fact remains that Cannabis reform is a low priority among federal legislators. Now if the Republicans lose bigly in November next year, it’s a winner in 2023. Kind of a cold water splash, I know, but an excellent time to slowly acquire the best MSOs stock.
I need to write clearer these days. Funman is correct.
Buying six licenses with only one open dispensary and minimum grow is nuts. Rule of thumb, each dispensary requires approximately 12-13,000 sf of grow and production space to keep it fully stocked 97% of the time. The missing three percent usually goes to waste in production runs for oils, etc.
As Funman stated it’s only the tip of the iceberg in costs. A normal dispensary requires an investment of 1.2-million before it opens their door. And in many cases that is low. As for grow and production square footage that runs about $225/sf to build and bring into production.
It’s not a shoe string operation by any means.
Completely agree on this one. 52,000 sf of grow and six dispensaries for $80-million in cash and stock. Would appear to make the case for excessive valuations quite obvious.
Good for them. These are the events that show Cannabis companies are good stewards of progressiveness.
Seven more to go from Harvest. Four of them in the next five days
Onward
And the Queen of Cannibis is just getting warmed up. Don’t forget she’s an M&A attorney
Onward
True, but the track is undeniable. We will see the mid 30s before we ever see mid 20s again.
Not yet, but our next stop is $36.50. As some of you like to say the charts show the way. And that number is our next stop.
All aboard……
Of course. The market has been averaging over 75,000 ounces a week, and BAM, 62,000 is all?
It’s Florida
I know what they did at OMMU. When they deleted Harvest from the database, they added the dispensaries first and then just subtracted the numbers. So Tru should actually be around 39,000 and 82mil at the high THC. I expect it will be corrected by Monday.
Remember, it’s Florida
If you are a trader, yes
If you are an investor, time is your best friend. I’m not even interested in selling a single share until Dec 2024 at the earliest and I’m 75.