Post by
jfogarty12 on Nov 02, 2021 9:12am
from bb back in September!
For those who missed Rosen at the Virtual Cannabis Investor Conference, as awlays, he presented well. Honest, clear communication. Highlights for me:
(1) priority is maximizing potential in NV;
(2) no plans to become MSO but considering entering other States;
(3) Rosen holds 8% of total shares;
(4) repeated that he does not release 'fluff' news; typically communicates to shareholders only every quarter;
(5) said that NV sales included +70% flower, which is excellent for tgif product mix; contrasted with many other states/Canada, where edibiles make up near 50% market share;
(6) Gummies/edibles may be produced in future
(7) talked up facility expansion, benefits to top line growth
My takeaway: though share price is stuck, it's holding (i.e., compare with Trulieve, continued downward, lost +50% in past 6 months; Green Thumb, down 20% in past month; Curaleaf down +30% past 6 months). Sp won't move until future financials released NOV30 What I didn't know is that, prior to tgif, Rosen was CEO of Tidal Royalty which was swallowed in a merger. Tidal and Cronos show that Rosen knows what it takes to build, and to sell when the time is right. Patience will be rewarded.
Comment by
whateveryousay on Nov 02, 2021 6:03pm
I am still holding and actually doubled up this week I much prefer this to the big Canadian operations.A billion is a lot of sales we must have a decent percentage of it.
Comment by
deet on Nov 02, 2021 7:43pm
Not to take anything away from Rosen or the future potential of this company, but how can you compare Trulieve, Green Thumb, and Curaleaf with a 6-cent company. They are $30 - $40/share operations. We, on the other hand, have never traded above $1.40/share and are now at rock bottom.