C21 Investments Inc C.CXXI

US legalization

[pennystocks]

Dunno how people aren't paying attention to this name and other US cannabis names. These are gonna fly when US announces any steps to legalization or descheduling.

[mercedesman]

Here's how I'm playing it.  Buy low, sell high with a trading position.  It's paying off nicely - if you're patient ( most are incapable) Keep a core position for WHEN new legislation is even talked about ( every 6 to 12 month)   Once there is something discussed that has legs it could reach $1 or more.. and then find a new floor at a much higher level. 

[MuttleyKnows]

Can't argue with your logic. The company is operationally solid.  The big catalyst as pointed out is going to re-scheduling.  Biden has to get it done before the coming election so he can claim credit with the young voters.  When this happens, the whole sector is going to explode higher and the 280e benefits an already find looking balance sheet and P&L even more attractive

[mercedesman]

Exactly !  I suspect the GOP will block anything that Biden could possibly take credit for.... just like the border.  Hopefully Biden will at least try to cater to the youth vote and one side will have a majority in both houses by November.  MM