C21 Investments Inc C.CXXI

Hey Muttley!

[hevin]

Next results just a few weeks away. Do you think we'll hit 10 million on the quarter with the organic growth increased?

[MuttleyKnows]

So the company had 8.2 million usd in revenue in Q3. This number already reflects the weakness in the entire cannabis sector post Covid lockdowns. The other downside hit to revenue for this quarter would be sale of the Oregon assets. This impact will be small.  Thus it boils down to how quickly they have been selling their new organic growth inventory and whether they have sold it

[mercedesman]

I hope you are right and the triecta is soon followed by passage of the SAFE Act in April (quadfecta?) That will lift all boats in the sector and create a nice run across the board IMO. Whether that run continues throughout 2022 depends much upon whether the Dems and or the Republicans want to buy mid-term election votes on the issue of legalization federally. My suspiciion is Yes, someone will

[MuttleyKnows]

Amen brother. SAFE and MORE would drive all stocks up in the sector. SAFE more likely than MORE but to be honest nothing is getting done in Washington right now. Hope this changes as you say. 

[Polaris570]

I have been looking for short interest on CXXI and from what I can see it is minimal at under 1%. As far as making 10 million next quarter I personnaly do not see it because if ever I saw 10 million a quarter was only once with this company. Even if the growth increased you still have to sell it and sales have been declining slowly over the years. With inflation and interest rate rising soon will

[MuttleyKnows]

True that the top line may not grow over 10 mill in Q4. However the organic growth is going to add to ebitda regardless. This additional product can be used for internal supply of C21 retail operations which will improve margins and cash flow and/or be sold externally to drive the top line.  Phase 1 of the organic growth won't be fully in the results until 2022 but it will have a

[hevin]

Hi Polaris. Have to disagree with some of your #s although I could be wrong. Fintel shows that FIVE of the last 10 trading days have been over 45% short volume, at times over 90%. Keep in mind that over 20% is considered significant. Therefore short manipulation is a HUGE factor as it's been in the entire canna sector. You also mention that our revenue has been declining over the years but

[hevin]

Here's the fintel link; you'll find short volume near bottom: https://fintel.io/ss/us/cxxif