RE:RE:HHS AnnouncementYes I have been in this stock for a number of years as well. We have had multiple opportunities to sell out and buy back at much lower prices. I am such a bad trader.
Regardless, it finally looks like the long awaited changes to how the US government treats cannabis has started to happen. Depending on what the DEA decides to do, 280e is the the most immediate benefit that should be coming. Expenses can actually be deducted for tax purposes. This company is already profitable and cash flow positive. Think about what it will do to the CXXI bottom line when this happens. Conservatively, say the company will be able to generate easily over USD 1 million in free cash flow every month with the 280e change (note: that free cash flow is currently already close to USD 10 million on an annual basis). The company market cap is now only about CAD 50 million. You can buy all the shares back in 3 years with free cash flow. START THE SHARE BUYBACKS NOW IF NO ACQUISITIONS ON THE HORIZON. This should be the best use of cash from a ROE perspective if there are no dispensaries to buy and bolt on to the CXXI vertically integrated platform at this time.