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.
Not necessarily. The last time this went through, the Republicans had control. We might very well have a different outcome this time.
Yeah, and it will date back to the 1970’s. Who is HE looking after?
Whoops wrong link
And you should stick to anything but investment advice. Your advice is basic.
Ps…GFY
Ok. If you say so :)
Oh I'm right. This stock is going to hit the moon very soon.
Because they are all in trouble. The Republicans want to take over and will likely do so with this type of vote.
I might disagree here. The Dems are in serious trouble with voters. They need something big to win over their constituents. And this would be it.
Amazon Supports GOP's Legalization Bill
The big news item this week related to Amazon.com, Inc. (NASDAQ: AMZN), which announced its support for a Republican-backed congressional bill that would legalize cannabis at the federal level and allow states to decide how and whether to ban or regulate it.
Congresswoman Nancy Mace's (R-SC) State Reform Act, released in November, would remove cannabis as a Federal
Schedule I substance and introduce a 3% federal tax on it. As it was the first bill issued by the Republicans, it created
quite a stir at the time. Now, Amazon, which already supported cannabis
legalization, has expressed support for the GOP bill.
In a tweet on Tuesday, Amazon's public policy department said, 'We're pleased to endorse RepNancyMace's States Reform Act. Like so many in this country, we believe it's time to reform the nation's cannabis policy and Amazon is committed to helping lead the effort.'
Mace said Amazon was likely motivated to approve her bill because legal issues with marijuana could make hiring difficult.
Not pumping, just speaking truth to a response.
This is when people should be buy buy buy buy buying!!!
Sorry …that was supposed to say it is trading below what it is worth.
We are in a bearish market. This is trading at what it’s really worth. This is very good.
Resale Registration Statement
Warrants are securities that allow the holder the right, but not the duty, to purchase a specific quantity of securities (typically the issuer’s common stock) at a specific price and before a specific date.
It is their S-1 to register securities prior to listing them on a public exchange, such as the New York Stock Exchange.
Are you joking or being serious?
The reason for something…the reason this document is being signed or amended etc
Senate Candidate Smokes A Blunt In Campaign Ad
Democrat Gary Chambers, who is seeking a U.S. Senate seat from Louisiana, released a campaign ad on Tuesday in which he smokes a sizable blunt while sitting in an armchair looking about as chill as someone could possibly look. But Chambers is dead serious about the harms of cannabis criminalization.
'Black people are four times more likely to be arrested for marijuana laws than white people,' Chambers says quoting ACLU statistics. 'States waste $3.7 billion enforcing marijuana laws every year. Most of the people police are arresting aren't dealers, but rather people with small amounts of pot, just like me.'
The ad is titled '37 Seconds,' a reference to research finding that police make a marijuana-related arrest every 37 seconds on average.
'For too long, candidates have used the legalization of marijuana as an empty talking point in order to appeal to progressive voters,' Chambers said in a press release. 'I hope this ad works to not only destigmatize the use of marijuana, but also forces a new conversation that creates the pathway to legalize this beneficial drug, and forgive those who were arrested due to outdated ideology.'
With DeSantis’ wife having cancer, maybe he will be PERSONALLY swayed to see the medicinal benefits and look at adult-use in a better light.
“SAFE Banking legislation opening up the federal banking system to cannabis companies could possibly move forward in 2022. That could pave the way for more Nasdaq listings by U.S.-based plant-touching companies such as Curaleaf , Green Thumb Industries , Trulieve , Ayr Wellness or Cresco Labs . It would also eliminate the need to conduct business in cash by making it much easier for dispensaries to conduct basic financial transactions through standard bank accounts.”
What is everyone so worried about? Just hang in there. It’s going to be a roller coaster, but it will pay off in the end.
Cantor Lowers Price Target On Trulieve But The Stock Is Still Their Top Pick Among MSOs
Mentioned: BHNGF TCNNF
Trulieve Cannabis Corp. (OTCQX: TCNNF) revealed its Q3 financial results last month reporting net revenue of $224.1 million, up by 64% from the same period in 2020. Adjusted EBITDA was $98.0 million, or 43.7% of revenue.
Net income was $18.6 million, impacted by $16.4 million of one-time compensation and transaction costs primarily associated with the Harvest acquisition. Trulieve and Harvest combined third-quarter revenue amounting to around $316 million, net loss to approximately $9.8 million and adjusted EBITDA to $121 million.
Soon after the company announced the news of TruTonic, its new drink powder, and that it was soon to launch Bhang (OTCQB: BHNGF) edibles in Florida, making these award-winning gourmet chocolates available exclusively in Trulieve's 108 Florida dispensaries.
Year-to-date, the stock is down around 20.86%.
The Analyst
Cantor Fitzgerald's Pablo Zuanic kept an â??Overweight' rating on Trulieve's stock but lowered the price target to $72 from $73.
The Thesis
The analyst said that lowering the price target was to address reduced 2023 EBITDA estimates.
The transition issues connected to the company's merger with Harvest, combined with evident flower share loss in October/November in Florida, and 'lingering macro pressures' may cause weak growth in the fourth quarter, said Zuanic projecting sales of $318.2 million after $316 million proforma in Q3, noting FactSet consensus is at $333.5 million.
Trulieve can count on several tailwinds in 2022, he noted, such as advanced assortment at Harvest locations, cultivation and retail network expansions as well as market development in Massachusetts and other new states.
Zuanic offered EBITDA margin projections of 36% for Q4 in line with consensus and for the full-year 2022, his estimates are only 100bp below.
'All this said, Trulieve remains a top pick for us,' Zuanic said, further adding that he prefers to concentrate on businesses with scale and when looking at Q3 proforma metrics, Trulieve was the biggest multi-state operator with franchise power in key states such as Florida, Arizona and Pennsylvania having 'established operations and track record.'
The Price Action
Trulieve's shares closed Friday market session 1.03% higher at $26.45 per share.
If they could go after her, they would have by now. She is not tied to this whatsoever.
Old news, totally irrelevant to Trulieve, as noted in government documents and public media. Move on…
This board is hilariously scary…if there is a new investor reading this, leave immediately…this is a dump and pump board. This is for the uneducated, who do not know anything about the stock market. You need to leave immediately.
BEWARE OF THE DUMPS AND PUMPS
This case has nothing to do with TCNNF Her husband is a completely separate entity and he has nothing to do with TCNNF. And, it will have no effect on the co In the future either, as everyone - including the government - has reported, which is why TCNNF obtained their license IN Georgia - with the government knowing full well about her husband’s corruption charges. This is a non-factor and non-story.
From the Wall Street Journal:
High 103, median 70.56, low 51.91. BUY BUY BUY
This stock is a no-brainer. 100s is the high. 50s is the average. It’s a BUY from all analysts.
*I oversee the project build on these sites
Actually, I should say *Dish Wireless*
JP Morgan is dead wrong about this stock. I build these sites and I’m telling you they are totally up to speed ...they haven’t missed their mark, they are the fourth largest carrier now and there will be no other carrier after Dish. Dish are taking over every redundant site under T-MOBILE, which will either be a Clearwire or Sprint site, that they Tmobile - Keep in mind that T-Mobile now on Sprint and clear wire and the agreement with the FCC was that they had to offer up there redundant sites to Dish Network) will be decommissioning on buildings and towers. These idiots at JP Morgan have no idea what they’re talking about. Stick to banking JP Morgan Chase and stay out of telecom. Idiots.