BLACKROCK Municipal Income TRUST V.BFK.P

Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.

NYSE:BFK - Post by User

BLACKROCK Municipal Income TRUST > I still have yet to buy legal weed

<< Previous

Bullboard Posts

Next >>

Comment by NEWBIEVESTORon Jan 12, 2020 8:30pm

115 Views

Post# 30544763

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:I still have yet to buy legal weed

of the remaining $4, the OCS will take a cut to cover their distribution service. The product has to be inspected and package and shipped. Hexo has a cost to run its facilities to grow product, I believe it's around $1.30grsm can't be bothered to look it up. I would be impressed if Hexo can pocket $1 per gram. They have a ton of over head, advertising, big ceo/durector pay etc etc. If they sold their entire 80,000kg per year they could make $80mil minus $20mil overhead is $60mil.

problem is over supply is far from over, prices will keep dropping and Hexo will never sell half their capacity, lol.