GREY:FLOOF - Post by User
Comment by
GreekRocket36on May 11, 2020 5:56pm
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Post# 31014171
RE:UP ?
RE:UP ?1. If they are struggling with sales in Nevada, imagine how badly the other cultivators are doing given these guys are by far the lowest cost producer (I bet Medmen's cultivation facility isn't producing much given how desperate they are for cash).
2, Markets dont care about today, they care about 6-12 months from now. Given states are opening up and decent numbers from Airbnb/Carnival/etc. people are starting to price in an opening.
3. Cannabis sales locally are probably pretty strong, given people are sitting at home not doing much.
4. The chart is looking awesome. Nice long bottoming process and a rally on strong volume.
5. For Canadian investors, this company just got 9% more valuable on currency alone vs. 2 months ago.
6. Cannabis is an essential service, which makes me believe that federal legalization will have quite a bit of support.
The key though is that the market starting to think that the bottom is in, and given the operator here is strong, the stock has had a nice rally. I think it continues..