Zach with another great strategic move! $HEXO is in abysmal financial state. $SNDL holds a lot of Zenabis debt & its looks like they're about to buy Zenabis out from under $TLRY noses! FYI Zenabis has some of the hottest cannabis SKUs in Canadian market. Talk about a coup!
The next leg down is getting started. Many MSOs have broken into a new 52 week low. That means more will continue. The bounce is almost non existent. We got a ways to go still. Down down down #curlf #msos #tlry #cgc #acb #tcnnf #gtbif #crlbf
this was jonathan yesterday, whoops Jonathan F yesterday
$CURLF conversation Cannabis is destroyed. What else is new. Everything is our economy is slowly deteriorating. Cannabis will crash harder because it is a riskier asset class. Be ready we are headed to all time lows. That’s a fact. Make your money shorting before bankruptcy. #curlf #tcnnf #gtbif #crlbf #msos #tlry #cgc #acb
@rick MedMen currently has 19 stores with plans to sell/close more, those stores lost $19M last quarter, as of 06/06/2022 outstanding shares was 1.3 Billion with filings recently made for 3.3 billion more, current market cap is $81M and MedMens last 2 quarterly filings included going concern warnings. #TLRY paid Gotham Green $175M to buy 68% of Medmens distressed debt then a TLRY led group handed MedMen $100M in cash in August 2021 which they burned up in 7 months, they had $14M cash remaining at the end of March 2022 with deals made to sell all of their New York and Florida assets but the selling prices don't cover the debt owed on them. MedMen is currently making their rent and debt payments in shares in lieu of cash and still burning $2M per week. How much is little to nothing worth? You think Simon would like to renegotiate his deal with Gotham Green? How about the $100M that MedMen burned then sold all of Florida operations out from under him? Just the facts.
Cannabis is destroyed. What else is new. Everything is our economy is slowly deteriorating. Cannabis will crash harder because it is a riskier asset class. Be ready we are headed to all time lows. That’s a fact. Make your money shorting before bankruptcy. #curlf #tcnnf #gtbif #crlbf #msos #tlry #cgc #acb
$TLRY HedgeFunds are shorting and accumulating at lower prices sold by panic sellers... Big institutions are accumulating as well after the accumulation is done sky is the limit for TLRY, possibly in triple digits PPS. Watch out....
Patience will pay off for all of us. If you can handle the ups and downs, a few years time will pay you very handsomely. Don’t forget what industry your invested in. #gtbif #crlbf #msos #curlf #cgc #tlry
Total destruction across the cannabis sector. Lmfao. Using OTC as an excuse. Funny how the cannabis companies on the nasdaq and NYSE are down even more. Wake up it’s over people complete collapse. Let the new 52 week lows start. Headed to all time lows baby. #curlf #tcnnf #gtbif #crlbf #msos #smg #tlry #cgc #acb destroyed
Get ready for the pain today is going to be a huuugggeeeee drop 10+% get ready longs the pain is about to get brutal. #crlbf #curlf #tcnnf #gtbif #msos #tlry #cgc #acb
It’s over for cannabis. One more bad week in the market and these stocks will drop another 20-25% easy. Up days mean nothing anymore. The buying pressure is none existent and the bounce is non existent. The next move down will happen soon and then will hit another floor for a few week. But another drop is coming soon. Get ready more pain. #curlf #crlbf #tcnnf #gtbif #msos #tlry #cgc #acb imagine where cannabis stocks will be once S&P hits 2,700
Get ready for a dumpster fire tomorrow. Those thinking cannabis will be green need to have a reality check. Tomorrow will be red. It will be so red your eyes are going to start bleeding. Next 30% drop incoming across the board headed to all time lows. #msos #tlry #crlbf #msos #curlf #tcnnf #gtbif #acb #cgc
Revenue by state for MedMens remaining 19 stores, 3 months ending March 26, 2022 - California 13 stores $22.347 million Nevada 3 stores $3.77 million Massachusetts 1 store $805 thousand Illinois 1 store $3.954 million Arizona 1 store $4.373 million
Total Revenue of $35.249 million
Managements Discussion and Analysis in the May 10th 10Q says they will be selling/closing more poorly performing stores.
Looks to me like Nevada will be the next to go and likely some in California.
Wonder what the #TLRY shareholders think about what's going on and can #HEXO do the same thing?
Suggest reading Medmens recent 10Q and 424B3 filings, on top of selling out in Florida and New York they filed for 3 BILLION+ shares of additional dilution. Current outstanding shares is 1.27 Billion and increasing weekly. Luckily AUTHORIZED shares are UNLIMITED.
$TLRY had supposedly positive PR and is down 4.5%
Go figure.....
Jonathan F yesterday
$CURLF conversation
Cannabis is destroyed. What else is new. Everything is our economy is slowly deteriorating. Cannabis will crash harder because it is a riskier asset class. Be ready we are headed to all time lows. That’s a fact. Make your money shorting before bankruptcy. #curlf #tcnnf #gtbif #crlbf #msos #tlry #cgc #acb
Just the facts.
I will never buy ACB since 2017. Nope.
Only $CRON / $TLRY
California 13 stores $22.347 million
Nevada 3 stores $3.77 million
Massachusetts 1 store $805 thousand
Illinois 1 store $3.954 million
Arizona 1 store $4.373 million
Total Revenue of $35.249 million
Managements Discussion and Analysis in the May 10th 10Q says they will be selling/closing more poorly performing stores.
Looks to me like Nevada will be the next to go and likely some in California.
Wonder what the #TLRY shareholders think about what's going on and can #HEXO do the same thing?
Suggest reading Medmens recent 10Q and 424B3 filings, on top of selling out in Florida and New York they filed for 3 BILLION+ shares of additional dilution. Current outstanding shares is 1.27 Billion and increasing weekly. Luckily AUTHORIZED shares are UNLIMITED.
Just the facts.