C21 Investments Inc C.CXXI

Another Strong Quarter

[MuttleyKnows]

CXXI continues to perform well operationally.  Latest quarter results did not disappoint.  The company is even closer to paying off their debt to Sonny than I thought.  I keep saying that this company is crazy cheap.  Now is the time for management to look at share buybacks.  This is the best use of company capital if they can't find something to buy that is accretive to shareholder value.  Here is an interesting article that shows MSOS stocks (which CXXI is part of their EFT portfolio) that are best positioned to make share buybacks.  CXXI is ranked numbers 1.

https://www.benzinga.com/markets/cannabis/22/12/30131896/are-stock-buybacks-likely-as-a-holiday-treat

No need to wait for congress to act if you have the financial capability to help yourself.

[mercedesman]

I agree.  Comfortable holding and acquirinig more if it gets ridiculously cheap (even more than it is) I have no issue with them buying back more shares as cash allows. However, it needs to be evaluated against any opportunities to acquire another dispensary or 2 (or a bakery) to make fuller use of their product (and increase top line and margins further).  Hopefully there are some