Ventura's and Tilray's gamble on Medmen I agree ventura - investing $1,200 to buy 60,000 Medmen shares is a bit comical.
What was the gamble - that it was going to go to .04 cents and you'd double your money?
Oh well, easy come - easy go, right.
BUT - here's a suggestion - given it appears Mdemen is likely to fold, you will indeed lose your $1,200 if you continue to hold. SO, you might want to consider selling at open tomorrow (unless Medmen's results beat you opening) - and buying Entourage.
Entourage sits at .01 cent - so you could buy 120,000 shares and if Ent hits .04 cents - well, my friend - pays for a nice little trip to Vegas plus some table money! C'mon little 'v' - double down!!!!!! Entourage, like Medmen, is also asscoiated with Tilray - Tilray extended the sales agreement Hexo had with Ent - and all 3 of Tilray, Hexo and Entourage products are maketed and distributed in Quebec by Rose Lifescience (a subsidary of Village Farms)
As for Medmen getting a rec licence in New York - they don't have the licencing fee, but they wouldnt make it through the application process. A cannabis company doesn't get to 'jump in' the NY rec sector - the State has a rigi review process. Cura and Cresco, two stocks I hold were among the first 6 who recently DID get their licences and Curaleaf began selling wholesale throughout New York State yesterday (population 20 million - one of the largest markets in the world).
Comment by
Ventura2020on Dec 10, 2023 7:34pm 75 Views
Post# 35777157
RE:Sure we spent the money years ago
"My $1200 US investment (60,000 shares) which I could sell tomorrow and Circlek loves to bring it up...comical. However, I wrote it off a long time ago as a gamble. The gamble is still in play and I will hold my cards. So, much better than Vegas...I'm still playing the slots and tables.
New York settlement in and Medmen on 5th. Let's see if they jump into the Rec as well."