Cannabis stocks

LEDTonic - Daniel

Active Member
I own a bit of TCNNF. Bought at $18 in September and it has treated me well. I chose TCNNF over Canopy and Aurora because of their continuous revenue growth and that they were making a profit. It seems to me that large companies like Aurora have made rather poor acquisitions over the years, especially when cannabis stocks were hyped. The big companies appeared to be wasteful of their capital and even had to close/sell some of their acquisitions. TCNNF appeared to be the small underdog that focused on slow but steady growth and only operated in Florida but were making smart investments in other states. In my eyes it looks like they are preparing to go from one state to several in the coming years through their acquisitions. Their economically responsible growth seems to maintain and I see their expansions to other states as a major catalyst in the short and mid term.
I haven't checked up on them as much as I should have in recent months so I won't pretend to know what they have been doing in 2021 but their fundamentals in mid 2020 were strong.
 

Corso312

Well-Known Member
Looking to ditch robinhood, I don't agree with suspending trading on that gamestop or amc.. If the kids on reddit figured out how to buttfuck the hedgefunds..tough shit, adapt or die.

Any recs for a robinhood replacement?
 

LEDTonic - Daniel

Active Member
I use Tradestation and International Brokers. I saw that IB's CEO or owner was out in the news backing the hedge funds in the Robinhood battle. It left a bitter taste in my mouth. Haven't come across any negativity from Tradestation yet.

Their app is decent but website fairly outdated. The transaction cost is usually around $5 per purchase. I rather pay a fee for my trades than become the company's product.
 

ҖҗlegilizeitҗҖ

Well-Known Member
Next to impossible to lose money on stocks in 2020 haha. Sadly, that trend is unlikely to continue imo.
I disagree on cannabis stocks,
Any new laws or reforms go in place, big money
Medical legalization, huge money
Federal legalization, pot stocks would go crazy just like they did in 2018 when Cananda legalized.
But they would also probably come down soon after to more reasonable levels like the Canadian pot stocks in late 2019. But thats talking years down the road now
 

Rdubz

Well-Known Member
There have been 150% gain on MJNA stock it’s still penny stock but they have been marking some big moves I think they will at least get up in the dollars
 

Bubbas.dad1

Well-Known Member
I own a bit of TCNNF. Bought at $18 in September and it has treated me well. I chose TCNNF over Canopy and Aurora because of their continuous revenue growth and that they were making a profit. It seems to me that large companies like Aurora have made rather poor acquisitions over the years, especially when cannabis stocks were hyped. The big companies appeared to be wasteful of their capital and even had to close/sell some of their acquisitions. TCNNF appeared to be the small underdog that focused on slow but steady growth and only operated in Florida but were making smart investments in other states. In my eyes it looks like they are preparing to go from one state to several in the coming years through their acquisitions. Their economically responsible growth seems to maintain and I see their expansions to other states as a major catalyst in the short and mid term.
I haven't checked up on them as much as I should have in recent months so I won't pretend to know what they have been doing in 2021 but their fundamentals in mid 2020 were strong.
They now have licenses in Pennsylvania and Massachusetts, w Virginia. Maybe more. 70 + dispensary locations in Florida. They sell over half the medical weed in Florida. Very disciplined folks. I started buying at 11, so the $46 it closed on Friday has given me a great return. I think if it gets uplisted to a US exchange, probably nasdaq, it could double.
 
Top