InvestorsHub Logo
Followers 8
Posts 495
Boards Moderated 0
Alias Born 06/06/2014

Re: maclorjoe post# 96

Sunday, 08/05/2018 11:38:23 PM

Sunday, August 05, 2018 11:38:23 PM

Post# of 5533
Hi maclorjoe! I dont have too much info to give you on MedMen at this time. I do have a small position with an initial investment of $1k. That's all I have put into this one as I haven't had much time to dig into it deeply.

I have been to their Santa Ana location about 3 times and was always impressed with the facility, their employees and they way my friend and I were treated. Talking with another customer at the Santa Ana location.... he told me that the West Hollywood location always has a line around the outside of the store.... mind you they are only allowed to sell medicinally in WEHO right now (I think) although recreationally is supposed to be allowed soon in WEHO. In small talk with a store employee at Santa Ana, he told me that Med Men was getting ready to move into FL. (also just medicinal for now).

I am still VERY confident in TRTC and especially at these levels.... in fact, I just picked up some more last Friday. They have soo much working right now it's crazy. They are doing lots of expansion and re-investment which is VERY SMART considering the current tax situation these businesses face. It is much smarter to re-invest the profits (so you don't show much profits) until the tax situation changes (getting all the write offs of ever other type of legal business). FYI, TRTC has an application for license in for WEHO although the odds of getting it is approx 1 in 10 due to the amount that will be handed out and the amount of applicants. That said, due to all the shops they are currently running, I think they have a good shot at it.

CVSI is also closely on my radar. I had some before but sold it with a 200% profit. I'm waiting to see whats going to happen with the reverse split and all. If it has a big drop, I may buy back in.