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Hey Nerds: Blockchain

Still heaviest in Cresco so I'd welcome a little catch up by them. Either they catch up or GTII craters along with CL continuing the crater, so I'm happy to hold my usual GTII portion in Cresco at these levels. Eventually I'll sell half of Cresco to buy GTII with that, but that'll take a GTII crater, a Cresco launch or both!
 
Preston said:
Not a great day by any means, but hardly a disaster.
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I change my mind. Today was great. Bought TRUL at 36.52 and it ripped mother fucking immediately. I sold some of those shares at 37.52. I scalped some shares on that one instead of holding cash. Pretty bullish final hour for the two names that took the bigger beatings of the Big 4 (TRUL and CL). CURA and Thumb held steady which is also pretty bullish.
 
I'm swing extra CL overnight that I bot at 12.80 today...not the best price but already a little green.
 
Oh and you're right about TNY. Dog dog dog.


But 40c and 35c appear to be good supports. I will add on both since my first entry was a tiny one. The fundamental story is changing on them and as we saw with CBII (and maybe CXXI), sometimes it takes awhile for the market to price it in.
 
Good morning. FUBO and FB calls helping the cause.....and ROKU...holy frejoles
 
SHG looking at 1 bone. I nibbled more Cresco at 12.82. Once again, the weakest of the bunch. I'm a battered housewife.
 
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Always fun to do this once in awhile.

CURRENT MARKET CAPS (estimated revenue 2021 as per Mr. Preston):

Curaleaf: $7.4 billion (1.3 billy)
Green Thumb: $4.6 billion (1 billy)
Cresco Labs: $3.8 billion (1 billy)
Trulieve: $3.7 billion (900 milly)
Terrascend: $3 billion (275 milly)
 
And then there's Verano coming in at 2.8 billy. They may pull in just short of a billy next year; maybe similar to Trulieve or a touch short. In 2020 they're about to do 380 billion which is more than next years projection for Terrascend (based on their own guidance) and TER is still valued higher. They have NJ and Arizona exposure as well and their EBIDTA margins are the best of the bunch outside of TRUL... They might be an interesting buy at those levels. Management is iffy and Andy Defrancesco/SOL own 13% of the company. Huge huge red flags. But they're executing.

Strong presences in Illinois (their home) and Florida have been crucial to their growth in 2020. Illinois will continue to grow into next year and Arizona and NJ are big ones coming soon so growth wont slow! They're also present in Maryland, Ohio, and Nevada with Ohio being the key one of the group there in terms of growth/further expansion. Would like to see them acquire in NY because I fear the NJ market might take a big hit from NY legalizing. This applies to TER too.

If stonks were based on market caps alone (they're not) I mostly enjoy TRUL and Cresco of those names above. Verano is in that group as well once they're officially public. IMO a decent step back from GTII, CURA, Cresco and TRUL but they're a clear #5 for me.
 
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TER doing that thing where it craters but we all know it's going to recover by the end of the day. The TSLA of weed stonks.
 
I'm glad I lightened up on TERRASHIT earlier this week

Getting bailed out by TNY, CXXI, CURA, GTII, TRUL, AYR.A
 
CH1 said:
I'm glad I lightened up on TERRASHIT earlier this week

Getting bailed out by TNY, CXXI, CURA, GTII, TRUL, AYR.A
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I bought the dip. 12.98 entry. Scaled out on half at 13.15. Have some space from break even now so I can maybe get a touch aggressive on the rest. I keep thinking a correction will come on them... Maybe today is the start of that. Or maybe this is yet another dip and rip.
 
Best day of the week...SMH and QQQ puts paying bigly while weed pretty much shakes of the market weakness
 
Volume in the absolute shitter but this MSO strength is peculiar for sure. I'll take it. No one wants to sell.
 
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