C21 Investments Inc C.CXXI

The Walkdown to .83 from $1.00 was on

[BillionaireBoy]

Low Volume. Not many shares were soaked up on this latest down draft. This tells me that when increased volume happens that we should fly over $1.00 easily and very fast. Hope it will be on a good News Release. GLTA CXXI Longs.

[charliebitmyfin]

not sure what this company is doing, are they still consolidating after their last expansion, are they going to finish paying off Sonny before they expand again, i like that they have grow capacity and are seed to sale with products and are profitable and in more than one state, but what are they waiting for, to get bought out or something

[JimmyStep]

waiting for the best debt financing deal while they have streamlined the Oregon operations and beefed up their Nevada dispensaries

[MuttleyKnows]

Exactly Jimmy. The company has already told the market that a favourable debt deal is coming. Post deal the company will be cashed up and is going into expansion mode. First priority is growing profitably to become a market leader in the hugely lucrative Nevada market.  They will be buying more dispensaries in Nevada to bolt onto their vertically integrated end to end platform. They have

[charliebitmyfin]

you don't know for sure, crops may be damaged by smoke, sonny may need another 6 months, retail could get tired of waiting while other mso's expand

[BillionaireBoy]

I DOUBT IT. IF THE OUTDOOR OPERATIONS WERE DAMAGED BY FIRE THEN THE COMPANY WOULD HAVE TO ISSUE A PRESS RELEASE STATING THAT THEIR OPERATIONS WERE DAMAGED. Hopefully  all the fires are under control and the fire fighters are the real hero's dong a great job!  I understand that there has bee quite a bit of rain in Oregon the past few days. An update by the company as to their status

[MuttleyKnows]

There are no issues with the fire. Cannabis plants have high moisture content that make them naturally resistant to fire. However in the off chance that the Oregon outdoor grow was impacted then you need to know that it is not a material part of the revenue base. The money is Nevada so don't over think this.