I have looked at most all of those stocks people keep posting and I don't see many with positive earnings. That doesn't mean that in a year they might be able to turn it around, but TCNNF is already revenue positive and that allows them to put any additional profits toward building out other locations. These other companies are taking on debt like crazy. A lot of people don't understand that Florida is a huge market. You can't just jump into Florida due to the licensing limitations etc. Now with expansion into CA and MA, icing on the cake.
And looking at one of the MJ stocks there were 200m outstanding shares and it was trading at $36 with negative earnings. Got to be crazy.
I would bet the share price will close above $13.20 on friday. Short squeeze plus people hoping to catch low shares, but unable to. The volume didn't pick up until afternoon and then it was too late to get in at a cheaper price. With apparently so many people holding long positions it will drive the price way up. I dropped the hammer on some yesterday at a really good price. Fasten your seat belts, monday is going to be awesome.
IMO
Looks like this will be my last message of the day. Trulievers hang on.
Recent TCNNF News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/13/2024 08:13:42 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 10:14:24 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 10:11:35 AM
- Is this Penny Stock About To Break Through? • AllPennyStocks.com • 11/09/2023 02:00:00 PM
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM