AU

CannaVestments

A good but modestly mixed quarter from Trulieve. Overall results held steady sequentially and compared to 2024 as a whole. Revenue in Q4 was a bit short of consensus, while margins were a bit stronger than expected. Cash flow continued although they were hurt again by spending on the now failed adult-use initiative for Florida in 2026. Lots of balance sheet movement as debt was paid down, new debt was issued, and the uncertain tax position continued to balloon. Full review: **Revenue:**  QoQ: $288.2M to $293.1M / YoY: $301.1M to $293.1M FY 2025: $1.19B to $1.18B *Modest jump sequentially but down 2.7% from last year, coming up a little short of expectations ($297M). FY 2025 revenue was essentially flat compared to 2024 despite opening up 11 stores during the year and seeing the onset of AU sales in Ohio.* **Adjusted EBIDTA:**  QoQ: $102.7M to $104.8M / YoY: $111.4M to $104.8M FY 2025: $420.2M to $427.3M *Up slightly QoQ ahead of consensus ($102M), with FY 2025 aEBITDA up 1.7% over 2024- a decent result considering price compression in most markets.* **Gross Margins:**  QoQ 59% to 60% / YoY: 62% to 60% FY: 60% to 60% *Largely flat here on all timelines, remaining at an industry-leading level. Impressive as always.* **Operating Expenses:**  QoQ: $127.6M to $159.9M / YoY: $185.7M to $159.9M FY: $618.0M to $567.7M *Big jump sequentially but down from last year. Good cost control YoY, with SG&A down quite a bit despite more operating stores.* **Operational Cash Flow:**  QoQ: $77M to $59M FY: $272M to $273M *Continued CF generation, essentially flat with 2024. Not paying 280e remains a huge component here, with tax-adjusted OCF of just $48M in 2025 (although that includes $66M in the failed 2026 AU campaign in Florida) so $114M without that number. CapEx was just $3.4M in Q4 (the lowest in years) and $44M for the year, down from $123M in 2024.* **Cash:**  QoQ: $449.2M to $255.5M FY: $238.8M to $255.5M *Big drop sequentially as Trulieve paid down a dramatic amount of debt, while raising a smaller new facility. Continuing to stand out is the $668M in unpaid 280e taxes sitting on the balance sheet, with Trulieve continues to negotiate with the IRS.*

Senior_Green_3630

Australia could be a winner here, we export 70 million tonnes of LNG annually, time to make export AU$$$s on the spot price LNG market

CannaVestments

A good but modestly mixed Q4 from GTI. On the positive side, revenue and aEBITDA were well ahead of expectations with Minnesota adult-use sales leading the way in Q4 as GTI remains one of the few companies continuing to show top-line growth. Negatively, margins came in further and expenses were elevated, consistent with most of 2025 as price compression continued in key states. GTI continues to generate significant cash flow and boasts an extremely strong balance sheet (with further debt taken out recently in Q1), suggesting they may become more acquisitive in 2026. Full review: **Revenue:**  QoQ: $291.4M to $311.1M / YoY: $294.3M to $311.1M FY 2025: $1.14B to $1.18B *Big jump sequentially (up 6.7%) and YoY (up 5.7%) to close out the year, well ahead of expectations ($296M) led by the onset of AU sales in Minnesota where GTI has 8 stores. FY revenue was up 3.4%, led by 12 store openings and strong performance in MN/OH/FL/NY, offsetting price compression in other states.* **Adjusted EBIDTA:**  QoQ: $80.2 to $100.2M / YoY: $97.8M to $100.2M FY 2025: $371.3M to $348.4M *Big jump in Q4 to close out the year, good to see after YoY declines in the first 3 quarters of the year. FY 2025 aEBITDA was down 6.2%, with management highlighting double-digit price compression in multiple markets. Note that management is adjusting out the licensing fees paid to partner-asset Rythm in this figure now.* **Gross Margins:**  QoQ 49.4% to 45.4% / YoY: 53.7% to 45.4% FY: 52.9% to 48.9% *Steep drop sequentially, YoY, and for the FY 2025, with management again pointing towards price compression as the culprit. Note that the Q4 figure includes the licensing fee to Rythm for the first time, so a comparable figure would be 47.6% with the $6.8M licensing fee added back.* **Operating Expenses:**  QoQ: $107.3M to $122.3M / YoY: $101.0M to $122.3M FY: $376.7M to $437.2M *Big jump to close out the year, in part due to new licensing fees but also with added costs for new store openings and increased SBC.* **Operational Cash Flow:**  QoQ: $74.1M to $90.1M FY: $294.9M to $195.2M *Big OCF generational to close out the year as GTI stopped paying 280e taxes like peers as they expect rescheduling in 2026. 280e adjusted OCF was $177M in 2025 compared to $199.6M in 2024. CapEx was $14.7M in Q4 and $81M for 2025, in-line with 2024 and forecasting a similar spend for 2026.* **Cash:**  QoQ: $226.2M to $274.3M / YoY: $171.7M to $274.3M *Big jump to close out the year driven by the OCF generation, offset somewhat by CapEx and share repurchases ($14.1M in Q4 and $38.9M in 2025). Note that GTI took out an additional $50M in debt in Q1 and also won a $17M legal judgment from Ascend so this will balloon further in Q1- certainly bringing up the question of where they want to spend beyond the $80M capex forecast.*

baconography

SPY goes up, gold miners go down, SPY goes down, gold miners go down. AU puts is literally free money while this war continues to not end.

Itsatinyplanet

It is a penny stock so not really supposed to mention it on this sub. AU.V

baconography

Pretty soon, you'll be able to buy the whole company of AngloAshanti Gold (AU) for a couple hundred bucks and half-eaten can of Pringles.

baconography

AU puts since the war started -- ironically -- has been "gold"

Ok_Ground9015

The Oort cloud is a theoretical, vast spherical shell surrounding the solar system, acting as a distant repository for billions of icy bodies, including water, ammonia, and methane. Located roughly 2,000 to 100,000 AU from the Sun, it is believed to be the source of long-period comets and was formed by planetesimals scattered during the early solar system's evolution. https://preview.redd.it/d3paqu18gnog1.png?width=1408&format=png&auto=webp&s=89566720a322c2d20b5ffb3fc51a0bba0ff3f80d

MybobbyB

USAR smallcaps ARR penny/small RML penny mec ele sera cote a 50M$US sur le nasdaq la elle est a 60M$ ASN 100m$AU cest penny

Gold_Usual1824

Have a look at this stock, very far under the radar but massive upside potential within 6-12 months and long term … AU000000PWN8 / PWN … most of the shareholders are long-term investors and believers in the company … curious to hear from you all, if you see any obstacles in this share?

baconography

I'm in AGI, AEM, AU and FNV for gold, AG for silver.

MybobbyB

Attendre l introduction nasdaq mais la elle est sur un support solide AK AU ESSUS A 0,5 C est du lourd ici Si elle ouvre au nasdaq vers 4/5$ a 50/60M$ de cap, objectif 1 25/30$ tres cours terme 50$ moyzn terme fin d annee

Training_Week3740

Well… it barely affected the NZ and AU stocks, there was a quick re-bound on ones that did open low. I don’t expect much difference with the US at open to be fair..

baconography

AEM, AGI, AU, and AG have not failed. In fact, all are up to ATH after that plunge on gold and silver on Jan 29. NFA.

diggin-the-doge

I was trying to catch a little pullback on gold but bought puts for $AU like a tard tard

baconography

I moved from GLD LEAPS to a few gold miners (AU, AGI, AEM) instead, which have bounced back harder than GLD since the drop.

vipprocr

gold miners always look great on paper until they don't. bought AU twice last year both times got shaken out. earnings quality is real but the vol will test you tbh

The_Ry_Ry

AU Tu Lo

it_wasntt_me

These initial rules, at least the limited info on paper, seems incredibly logical. Almost like the politicians in VA looked at how other states fucked up AU and are trying to do this correctly. Big W.

Feltzinclasp5

So if you save $4k-ish per month compounded annually at 10% (something reasonable) over 5 years is $322,350. That would make you 23. Then depending on what you do after your contract (assume you stop contributing at all) it takes 12 years for that amount to reach a million. At that point for most people is financial freedom if you life an average lifestyle. I don't really know any resources in AU, but never take advice from someone who isn't a fiduciary (legal duty to act in your best interests).

Rude_Assistance_4386

Fun fact, if you're long both GLD and Taiwan Semi Conductors, your Port has diagnosable AU TSM

ShoshiOpti

Radiative cooling seems inefficient because its surface area requirement, but it is mechanically very simple which is key for space because you don't want to have to repair anything. The structure also already exists, the reverse side of solar panels(with gaps to prevent cell loss). And at 1AU the solar capacity is roughly the same as the radiative loss in terms of area needed. Tldr radiative cooling is inefficient energetically, but that can still be cost efficient

QFGTrialByFire

Um not against the AUD, the aud is up 3% Australian Dollar to Euro 0.5932 3.07% \+0.0177 1 M 9 Feb, 08:23:20 UTC · [Disclaimer](https://www.google.com/intl/en-GB_AU/googlefinance/disclaimer/)

harbour37

Yeah i had an email last night about AU, followed by a referral promotion lol

LargeSnorlax

*"You don't see GLD going down 3% a day!"* GLD: *"Hold my AU"*

TheRedditModsSuck

>Most are in this because the products are actually good. There are a lot of reasons – the products are good, the ecosystem does lock you in, the brand name is extremely strong etc. In particular, Chinese people (not Chinese diaspora) are nowhere near as wealthy as people in the US/EU/JP/AU/CA/UK, but it's still pretty popular there because it's seen as a status symbol. The good thing is that you can't fake it either – you can get a make LV handbag, but a fake iPhone just isn't the same.

Substantial_Dog_2068

You are AU

MybobbyB

On va te la fairz plus qimple mec IRAN war and tensions = oil boom Oil boom = stocks US boom Stocks us boom = nine boom Like 2022 where Nine est passé de 0,5 a 15$ AU PIC

sanndman

but the gold ceo said AI a few times. or was that AU...

ROSC00

analysts beating this one to death. Basically USD is devaluing, bonds near 5% historic, massive AU and AG buying. Supercycle.

Cyb3rBall00n

Would give two additional points of clarification regarding the interplay between asset classes: 1. Bonds / Dollars - Multiple drivers appear to be reducing UST holdings across the globe - CN & JP are the obvious ones, but we've also seen pensions reducing their UST holdings as well. Central Banks aren't going to wholesale liquidate their positions, but they might not roll the paper as it hits maturity. They take the principal in USD but then immediately trade out of it. This puts downward pressure on USD. Would also point out that foreign bond / currency holdings are a function of trade with that country. To the extent that the US is reducing international trade with foreign countries, the foreign demand for USD/UST also goes down. 2. Stocks / Dollars - While the generalization that individuals won't take an equity allocation and move it to a currency allocation makes sense, at the institutional (including SWFs) level, strategic re-allocations out of US Equities into other assets (non-USD denominated) will occur for both tactical and strategic reasons. Just as you point out, the return of the US equity market relative to AU or EUR has not been great and if the expectation is that the DXY will decline another 10% (made up a number) in the next 12 months, they might seek to control that exposure by either selling the stocks or hedging the USD risk. The other thesis is more broadly called "Sell the US". Why be long Equity/USD/UST when Trump is undermining the independence of the Fed, M2 continues to expand - [https://fred.stlouisfed.org/series/M2SL](https://fred.stlouisfed.org/series/M2SL) and there's social unrest? I don't see that this set of policies will attract capital support from overseas, even from our traditional allies. The volatility here is way too high to justify sitting in the assets.

MizDiana

Yes, precisely. The answer to the OP's question has nothing to do with the practicality of using BTC or AU as currency.

pineapplesaresweet

What about AU. Haven’t bought it but it’s going to have an amazing 2026 nearly doubling earnings.

Madeupnamelol

Continue to buy AU stock.

wentzco

Yeah the first 3 1/2 months are a fraction of what is coming. You have to realize most of that $31 million was mostly coming from only the 30 dispensaries that Tribal, Vireo Growth & Green Thumb had open. There is a massive supply shortage so even new licensed dispensaries wanting to start selling didn't have any product to do so. Transporter licenses are currently at only 3 at the moment so getting product delivered to dispensaries is also an issue. New cultivation that will help with supply issues likely won't start becoming available until Spring. Vireo Growth & Green Thumb also didn't have their medical combo license early enough to have a mature crop to supply wholesale rec cannabis to other stores (maybe at end of q4). Q1 would be a different matter for both of them. I've seen projected Minnesota rec sales to be $430 million in 2026 so that tells you how limited the AU launch was with supply problems.

festingerslovechild

AU, KGC, and CDE have been my bread and butter for the past year.

AEStation404

Don't underestimate them. Australia has 0% WHT on dividends. AU (+ NZ) are a hedge against instability in EU and not perfectly correlated. Spain can post 60% gains while AU hasn't moved much, but both grow long-term. South America has lower valuations and is a hedge against a wider war. You shouldn't just invest there, frankly you should get at least one residence permit if you can. And with the new "Donroe" Doctrine, I don't think the US is going to allow these countries to fall into chaos. If they wipe out the cartels, those markets can only go up. Africa won't always be underdeveloped and has a growing population, unlike many places. If demographic decline starts to affect western company profits and real estate, it won't affect Africa. If you can avoid most value-traps and screen for sanctions, the valuations are some of the cheapest in the world. But you're not gonna get that exposure with one ETF, you have to have several and in some cases build your own "ETF" with algorithms and factor investing.

Kinda-relevant

AU spot 🚀

Kinda-relevant

AU spot gonna 🚀

paulm1927

It's slightly up on the weekend markets, but we'll see in 16 hours (AU opens) and 19 hours (CN opens).

k0ala_

AU which is fuck all, your parents paid for everything + what seems like inheritance and you are claiming like you are self made😂😂😂

SmokeontheHorizon

> Heck, I'd be happy if EU/Canada/Swiss/AU/UK/Mexico/Japan/SKorea joined up and decided to negotiate tariffs against the US together. Have you not been paying attention to wtf tariffs are? Why the fuck would we get together to tax our own citizens?

Bigzeebarrelmaster

https://trends.google.com/trends/explore?date=all&geo=US&q=%2Fm%2F01vbnl&hl=en-AU You sure it looks like it’s getting pretty popular to me?

EvolvingDior

It's taken out it's 2011 inflation-adjusted high. It's still got a ways to go to hit the 1980 high. That occurred due to severe market manipulation and may be an anomaly. The other metric people look at, the AU/AG price ratio -- it's nowhere close to its low. But it's getting close to its 30 year limit.

OnionHeaded

I’m seeing info in AU markets but not US.

WSBrexiteer

Mark Bristow currently enjoying 24/7 hookers and blow. Calls all day. Also calls on miners in neutral jurisdictions (AU, GFI) which have even greater upside.

throwa91

Won't happen, US, Japan, AU, Singapore, EU et al will defend Taiwan.. also its an amphibious operation - very hard to execute and way too risky for XI

VapeMasterino

I transferred 10k into JP¥ from AU$ yesterday. Hold or sell?

OrdinaryMix4013

Ordered something from Australia and holy fuck their postal service BLOWS. how is AU not a 3rd world country????

sedate_matron

True, that might be something to consider. But my point is that it is compliant. And as far as I know, they have separate operations for different countries, like Moomoo US and AU.

Main-Roof842

Yes!!!! 🤗 AU/Ag all time highs

notyourregularninja

The only thing keeping AU afloat is the meme generator and porn gifs 🤣🤣🤣. Orcl needs to get into the meme business to succeed!!

ValehartProject

Don't work nor are we affiliated with OpenAI. The tech is incredibly advanced and pushes towards some ground breaking work that we ourselves have experienced and utilise on a daily basis. The people running it? Not so much. 1. OpenAI released "state of enterprise" report. *Our opinion* :The report is optimised for optics and lacks ground in regards to many claimed statements. The report was not only contradicting in itself but also belittling to those not classed as Enterprise. They have not identified their definition of Enterprise, however in our experience of working with tech vendors it's usually government, education and anyone with a certain ARR. Reports like these are a build up to validate price increases. **Evidence** : - The document states enterprise is where innovation occurs. - Initially attempts to state adoption as seats purchased. Not true as compared to page 15 and their actual link where you can download the document from. - They frequently state how it should not be used to gain medical, legal and financial info. All use cases point to those industries in the report. There are various caveats to what allows these use cases to run but, they are also a huge security threat when you realise what is going on to make these function. Lots more but these are some main bits. 2. Security vulnerabilities are not taken seriously. Due to the fact we reported multiple major breaches in their security accreditations and privacy, we cannot share these. What we can share is: - Any attempt to report incidents relating to : legal, trust, privacy, security are routed to the same system. The system changes aliases of the mailbox randomly but we suspect when you use scary words like ISO compliance, minors and vulnerable people, etc. Same mailbox which is support@openai.com - They have websites and forms outlining they will review cases where their products impact safety acts. These pages are specific to certain countries (UK and AU). Routed to the same support bot mailbox or not even registered in most cases. One public example: https://counterhate.com/blog/we-tested-openai-reporting-system-european-union-this-is-what-we-found/ - We also spoke to staff at OpenAI in person about risks to minors and vulnerabilities and showed the evidence of our findings. Was told to email them. No response or acknowledgement received to the four people we emailed. 3. Governance red flags. The products frequently go through many changes without advise to businesses. These aren't just to "major releases". We frequently see major changes in the interface AND reasoning. Regardless of the model version, multiple changes take place that don't just break workflows, they impact operations and capabilities. These are never updated but luckily we have evidence packs we maintain. Why? These are used to indicate why we had to remove the process despite its initial value. 4. Personal and business users have the same model trained data with the same level of restrictions and the same weightings. Which is why it alarmed us when 5.1 released and it tried to roleplay and flirt with us when we were performing basic document analysis on a brand new account. 5. Majority of connectors are... Concerning. On its own, perfect but it is combining analysis of data with user data. Spotify alone is a excellent example. Spotify has its own AI tech to create playlists. LLMS cannot process music the way we do. At best it identifies pitch, distortion, etc via metadata and other background operations. So comparing what it has access to VS what it's capabilities are can be pretty alarming.

MybobbyB

UAMY I don't like the COO's spirit at all Isn’t it rather in Mexico that they have their foundry? No the only real one is PPTA and Nova minerals will be its little sister but hey if you want your UAMY will also have its chances but their spirit is shit NOVA is Australian and Australia is the 3rd largest gold producer in the world, Nova the COO is a very well known Goat and he took part in ADG ADELONG Antimony and gold in AU and Pionner Lithium also in short good luck with UAMY friend

HippoSpa

Literally just got a stick of 32 GB Crucial RAM on Amazon AU and by the time it arrived after 2 weeks shipping, it doubled in price.

GocnizerFizz

Freegold Ventures...ck it out...over 25 mil indicated & inferred AU...prime buyout for Kinross...IMHO

Mean_Bumblebee1945

But the last 5 days the market didnt fear any AU bubble anymore. Otherwise the rebound made no sense...

peer-reverb-evacuee

Agreed. And I’ll add silver and copper! In the last 6-9 months I picked up AU, SVM, and FCX. Those are my precious metals plays. Of those 3 I’d say FCX is still undervalued. Hard to say. They had a mud slide at a mine in Indonesia just in September. People died and operations there stopped for the cleanup and all that. Stock price dropped.

notyourregularninja

That AU generated image is all the investors could build with their investments in AI 😂😂😂

rayzorburns

I stand corrected thankyou for the input. I still can share some mining stocks if you’re interested with better ror than mag 7. AU GFI KGC NEM B ZIJMY AEM

Decayedthought

The recession has no impact on AU because AI is being pumped by the 100s of billions in cash reserves by the big tech players. Everyone is racing to create the best AI models. We are clearly in a US recession right now, but that likely has no real impact on AI.

RatMusk

I have been a customer of VectorVest for many years. They have very effective ways of analysing stocks; there is a lot. Too much to give justice to here. The highest rated stocks as of 11/18 are MU, AU and HL (and any gold/mining stocks). The options paycheck course is excellent. I am taking it now, studying videos. There is no guarantee promised but over a year I am hoping and expecting for at least a 25% return, maybe 36%. So how is that possible? By selling credit spreads, calls and puts on the SP 500. They teach how to maximize your chances of profit for a steady return. You do NOT win every trade. But you win the majority if you do it right. No single trade on any platform anywhere can be guaranteed.

OREG_Keith

Still holding all of my positions in tech and again added to my AU position in Barrick and SBSW. It’s a hedge that’s been working so far.

Goodie__

I'm pretty sure for both AU and NZ they do this on any news. In particular, news that gets announced during business hours. Eg [https://www.nzx.com/announcements/462295](https://www.nzx.com/announcements/462295)

OREG_Keith

I will never understand why people panic sell for a loss instead of rebalancing over time. The market bounces back. Smart money has been rolling out of mega tech and into small and mid cap tech and AU for sometime now. I’m not selling any of my holdings. I will add though either end of day today or tomorrow if it looks like the bleeding has stopped. Happy hunting degens!

tpat3636

If the loophole is actually fully closed they will also start enforcing the black market a lot more than they do now. It’s still a massive net positive for GTI in the long run. RYM was always a hedge for the main business. If this was a sacrifice to get a fully regulated Med and AU market with less competition, so be it. It won’t matter in 5 years.

krakdis

AU is chemical symbol for gold. Found 1000’s of years ago

Delamoor

My AU stocks did extremely well today. Regained a lot of the losses from the last couple of weeks. Fingers crossed the US ones follow that trend.

Agreeable-Lettuce497

Hardware will still be needed, as always, just not for AU computing, all of these firms where extremely well of before AI and will be without it, the only thing that’s unrealistic is current market values that are based on a belief that AI can achieve things that are just not possible with LLMs by design. And there is no foreseeable trend towards different architectures.

Substantial-Rip-2399

I know it's a cut and paste but I don't know how else to show what I find. EULIF mad this announcement today. Currently trading at .13. Someone that is better at research please check it out. To answer your question No I don't have any skin in it yet. I just would like someone to back up what I see before I throw money at it. European Lithium ( [(AU:EUR)](https://www.tipranks.com/stocks/au:eur?utm_source=theglobeandmail.com&utm_medium=referral) ) has provided an announcement. European Lithium Limited has announced a change in the director’s interest, specifically involving Antony Sage. The change includes the acquisition and disposal of listed options and fully paid ordinary shares, reflecting a strategic adjustment in the director’s holdings. This move may indicate a realignment of interests or confidence in the company’s future prospects, potentially impacting stakeholders’ perceptions and the company’s market positioning. The most recent analyst rating on [(AU:EUR)](https://www.tipranks.com/stocks/au:eur?utm_source=theglobeandmail.com&utm_medium=referral) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on European Lithium stock, see the AU:EUR [Stock Forecast page](https://www.tipranks.com/stocks/au:eur/forecast?utm_source=theglobeandmail.com&utm_medium=referral). **More about European Lithium** European Lithium Limited operates in the mining industry, focusing primarily on the exploration and development of lithium resources. The company is strategically positioned to supply the growing demand for lithium, a key component in battery technology, particularly for electric vehicles and renewable energy storage. **Average Trading Volume:** 16,191,512 **Technical Sentiment Signal:** Buy **Current Market Cap:** A$372.3M

TheInkDon1

Great question! I posted the below on another sub some weeks ago, and I think it answers your questions nicely. I'm happy to discuss any of it with you. \------------------------------- Early on I think I realized that ["momentum" is a real thing](https://www.sciencedirect.com/science/article/abs/pii/S0927538X18303998?via%3Dihub#preview-section-references) that could be exploited. That was confirmed for me in 2007 when I bought MCHFX, the Matthews China Fund, simply because it was going up, and *it doubled in 10 months.* After that experience I made a website, MutualFundUpgrading, to talk about MF momentum and how to "upgrade" from poorer-performing funds into better ones. (The site is long since dead.) Then in 2016 SILJ, Junior Silver Miners, *doubled in 4 months*. That's when I got serious about momentum investing. Fidelity Select Funds are Mutual Funds that cover about 35 sectors of the market. For a long time there have been people [momentum-trading them](https://www.google.com/search?q=fidelity+select+momentum+strategy&num=10&sca_esv=5314ac5036c6a181&rlz=1C1RXQR_enUS1137US1137&sxsrf=AE3TifOdnoEiAf0lJqzNkHqUZXjEpNlgcw%3A1761258757914&ei=Ba36aJPFN8jLp84PnOSK2AU&ved=0ahUKEwjT2_2UsLuQAxXI5ckDHRyyAlsQ4dUDCBE&uact=5&oq=fidelity+select+momentum+strategy&gs_lp=Egxnd3Mtd2l6LXNlcnAiIWZpZGVsaXR5IHNlbGVjdCBtb21lbnR1bSBzdHJhdGVneTIKEAAYsAMY1gQYRzIKEAAYsAMY1gQYRzIKEAAYsAMY1gQYRzIKEAAYsAMY1gQYRzIKEAAYsAMY1gQYRzIKEAAYsAMY1gQYRzIKEAAYsAMY1gQYRzIKEAAYsAMY1gQYR0jSElDWBliKDHABeAGQAQCYAWKgAcQBqgEBMrgBA8gBAPgBAZgCA6AC0wHCAgcQIxiwAhgnwgIIEAAYogQYiQXCAggQABiABBiiBJgDAOIDBRIBMSBAiAYBkAYIkgcDMS4yoAejDLIHAzAuMrgHzwHCBwMyLTPIBwo&sclient=gws-wiz-serp). I was trying to get the guys at work interested in it, so I paper-traded it in real time, writing my picks on my whiteboard. Over the first **quarter** of 2017 the system returned 14%, vs. the S&P's 3.9%. And the drawdown on February 3rd was just a little worse than SPY's. And only 6 trades over the 3 months. Then I drifted away from that into some other things, but now I'm back and focused: Momentum on ONLY ETFs. And I use LEAPS Calls on those as stock substitutes. Also selling Covered Calls against those.

CannaVestments

Overall a solid Q3 showing from GTI, with continued cash flow generation, positive net income, and modest YoY growth, although margin declines continued as price compression in core markets continued to weigh on results and led to the largest same-store-sales declines in some time. A lean balance sheet and strong CF profile has provided the company flexibility, allowing them to pursue the few growth markets available in 2025 (namely AU in Minnesota showing up in Q4, the fastest growing state market in NY, and the hemp-derived opportunity through RYM), and they notched another potential win as adult-use in Virginia became a lot more likely in 2026 as Dems took the governor's office yesterday. Full review: **Revenue:**  QoQ: $293.3M to $291.4M / YoY: $286.9M to $291.4M *Down slightly sequentially and up 1.5% from last year, right at consensus of $291M. Largely the same base of assets sequentially as their new PA store and adult-use launch in Minnesota both occurred right at the end of the quarter. Wholesale was up 8% while retail was down 1% YoY. Looking ahead, additional store openings in OH, AU sales in Minnesota, and continued growth in NY will drive near-term growth while adult-use in Virginia becomes a likely 2026 story with the governor election results yesterday. Keep an eye on Agrify/RYM results as well given their majority ownership of the company.* **Adjusted EBIDTA:**  QoQ: $82.7M to $80.2 / YoY: $89.2M to $80.2M *Down 3.0% sequentially and 10.1% from last year, a steep drop to their lowest mark in years. Margin drops to 27.5% from 28.2% last quarter and 31.1% last year, slightly shorter of expectations of $82M. Price compression and increased brand investment spend as forecasted by the company weighed on the margin profile- an area to watch in the coming quarters.* **Gross Margins:**  QoQ 49.9% to 49.4% / YoY: 51.4% to 49.4% *Steady sequentially but down from last year as management pointed to continued price compression in core markets of IL/NJ/PA.* **Operating Expenses:**  QoQ: $106.8M to $107.3M / YoY: $105.0M to $107.3M *Up slightly sequentially and YoY, although solid considering the new stores opened during that time.* **Operational Cash Flow:**  QoQ: $56.4M to $74.1M / YoY: $47.7M to $74.1M *Unlike previous years, GTI is letting their income tax payable accumulate to a certain extent in 2025, perhaps waiting to see if S3 is passed and for 280e not to apply in calendar year 2025. Adjusting for unpaid taxes, OCF was $34.2M in Q2 and $124.8M YTD compared to $144.8M through Q3 2024. Still the strongest tax-adjusted OCF in the industry by a wide margin although down from last year given margin declines. CapEx was $17.5M in Q3 and $66.4M YTD.* **Cash:**  QoQ: $176.9M to $226.2M / YoY: $173.6M to $226.2M *Jump here as positive OCF more than offset CapEx spend. GTI also lent money to RYM who then paid GTI back in their brand IP purchases which resulted largely in a wash overall on investing actility. Debt stands at $247.4M and income tax payable of $81.6M.*

CannaVestments

A steady Q3 showing for Cresco as revenue stabilized sequentially (although down quite a bit YoY), while margins were largely stable slightly ahead of expectations. Minimal cash generation limits the company's ability to play offense, although they do have small pockets for growth (new stores in OH, Kentucky cultivation launch, and product launch in Germany) while larger AU catalysts in Florida and Pennsylvania remain uncertain. FYI- Waiting on the full financials to be released to get cash flow dynamics still. Full review: **Revenue:**  QoQ: $163.6M to $164.9M / YoY: $179.8M to $164.9M *Up slightly sequentially but down 8.3% YoY, just head of expectations ($164M). Cresco opened 1 new store in OH during the quarter and initiated cultivation in Kentucky, and also highlighted a product launch in Germany for their first foray into international markets.* **Adjusted EBIDTA**: QoQ: $40.9M to $39.8M / YoY: $51.3M to $39.8M *Down slightly sequentially and a significant 22.4% from last year, although this was better than consensus of $37M. Margin drops to 24.1% here from 25.0% last quarter and 28.5% last year. $4.4M in one-time costs, $2.4M in impairments, and $2.3M in SBC removed from this figure.* **Gross Margins:**  QoQ: 50.9% to 48.1% / YoY: 52.0% to 48.1% *Down sequentially and YoY although still at a relatively solid level.* **Operating Expenses:**  QoQ: $57.9M to $59.2M / YoY: $64.8M to $59.2M *Note i removed impairments to compare apples to apples. Up a bit sequentially but nicely down from last year, much needed considering top-line declines.* **Operational Cash Flow:**  QoQ: $8.8M to $6.2M / YoY: $49.4M to $6.2M No financial statement yet so have to wait to see what tax dynamics look like. **Cash:** QoQ: $146.6M to $78.7M / YoY: $156.6M to $78.7M *Again waiting on the financial statements for exact dynamics but looks like OCF and CapEx largely offset each other, and then the big drop in cash came from a debt refinancing where they retired their old $360M facility while raising a $325M new term loan.*

CannaVestments

A steady Q3 showing for Cresco as revenue stabilized sequentially (although down quite a bit YoY), while margins were largely stable slightly ahead of expectations. Minimal cash generation limits the company's ability to play offense, although they do have small pockets for growth (new stores in OH, Kentucky cultivation launch, and product launch in Germany) while larger AU catalysts in Florida and Pennsylvania remain uncertain. FYI- Waiting on the full financials to be released to get cash flow dynamics still. Full review: **Revenue:**  QoQ: $163.6M to $164.9M / YoY: $179.8M to $164.9M *Up slightly sequentially but down 8.3% YoY, just head of expectations ($164M). Cresco opened 1 new store in OH during the quarter and initiated cultivation in Kentucky, and also highlighted a product launch in Germany for their first foray into international markets.* **Adjusted EBIDTA**: QoQ: $40.9M to $39.8M / YoY: $51.3M to $39.8M *Down slightly sequentially and a significant 22.4% from last year, although this was better than consensus of $37M. Margin drops to 24.1% here from 25.0% last quarter and 28.5% last year. $4.4M in one-time costs, $2.4M in impairments, and $2.3M in SBC removed from this figure.* **Gross Margins:**  QoQ: 50.9% to 48.1% / YoY: 52.0% to 48.1% *Down sequentially and YoY although still at a relatively solid level.* **Operating Expenses:**  QoQ: $57.9M to $59.2M / YoY: $64.8M to $59.2M *Note i removed impairments to compare apples to apples. Up a bit sequentially but nicely down from last year, much needed considering top-line declines.* **Operational Cash Flow:**  QoQ: $8.8M to $6.2M / YoY: $49.4M to $6.2M No financial statement yet so have to wait to see what tax dynamics look like. **Cash:** QoQ: $146.6M to $78.7M / YoY: $156.6M to $78.7M *Again waiting on the financial statements for exact dynamics but looks like OCF and CapEx largely offset each other, and then the big drop in cash came from a debt refinancing where they retired their old $360M facility while raising a $325M new term loan.*

CannaVestments

A steady Q3 showing for Cresco as revenue stabilized sequentially (although down quite a bit YoY), while margins were largely stable slightly ahead of expectations. Minimal cash generation limits the company's ability to play offense, although they do have small pockets for growth (new stores in OH, Kentucky cultivation launch, and product launch in Germany) while larger AU catalysts in Florida and Pennsylvania remain uncertain. FYI- Waiting on the full financials to be released to get cash flow dynamics still. Full review: **Revenue:**  QoQ: $163.6M to $164.9M / YoY: $179.8M to $164.9M *Up slightly sequentially but down 8.3% YoY, just head of expectations ($164M). Cresco opened 1 new store in OH during the quarter and initiated cultivation in Kentucky, and also highlighted a product launch in Germany for their first foray into international markets.* **Adjusted EBIDTA**: QoQ: $40.9M to $39.8M / YoY: $51.3M to $39.8M *Down slightly sequentially and a significant 22.4% from last year, although this was better than consensus of $37M. Margin drops to 24.1% here from 25.0% last quarter and 28.5% last year. $4.4M in one-time costs, $2.4M in impairments, and $2.3M in SBC removed from this figure.* **Gross Margins:**  QoQ: 50.9% to 48.1% / YoY: 52.0% to 48.1% *Down sequentially and YoY although still at a relatively solid level.* **Operating Expenses:**  QoQ: $57.9M to $59.2M / YoY: $64.8M to $59.2M *Note i removed impairments to compare apples to apples. Up a bit sequentially but nicely down from last year, much needed considering top-line declines.* **Operational Cash Flow:**  QoQ: $8.8M to $6.2M / YoY: $49.4M to $6.2M No financial statement yet so have to wait to see what tax dynamics look like. **Cash:** QoQ: $146.6M to $78.7M / YoY: $156.6M to $78.7M *Again waiting on the financial statements for exact dynamics but looks like OCF and CapEx largely offset each other, and then the big drop in cash came from a debt refinancing where they retired their old $360M facility while raising a $325M new term loan.*

CannaVestments

Solid Q3 showing from Trulieve: revenue was in-line with expectations considering the seasonally weaker quarter in AZ/FL while margins came in nicely above expectations. The FL machine continues to operate at a high caliber despite price declines and increased competition in the state, as the company again leads the charge on spending ahead of another AU initiative in the state ($34M spent YTD). The cash flow profile and balance sheet continue to be dictated by their ongoing challenge of 280e with strong press release numbers and now an indication to pay down the majority of their debt in Q4, but alongside significant unpaid taxes that continue to accumulate under the UTP (now $616M). Looking ahead, few changes on the horizon for most of their core markets with potential for adult-use in FL/PA although certainty on those states remains murky. Full review: **Revenue:**  QoQ: $302.1M to $288.2M / YoY: $284.3M to $288.2M *Down 4.6% QoQ and up 1.3% YoY, in-line with analysts consensus of $288M during the seasonally weaker Q3 in FL/AZ. Trulieve opened 1 new store in OH during the quarter, and relocated 1 AZ store so largely working off the same base.* **Adjusted EBIDTA:**  QoQ: $110.6M to $102.7M / YoY: $96.1M to $102.7M *Down 7.1% sequentially but up 6.9% YoY, nicely ahead of expectations of $96M. Industry-leading margins remained strong at 36% in the quarter, down from 37% in Q2 but up from 34% last year. Note that 6.3M in campaign contributions (now $33.7M YTD), $8.8M in one-time costs, and $5.8M in SBC were removed from this figure.* **Gross Margins:**  QoQ: 61% to 59% / YoY: 61% to 59% *Down slightly QoQ and YoY but still at very strong levels.* **Operating Expenses:**  QoQ: $130.3M to $127.6M / YoY: $172.7M to $127.6M *Nice cost control sequentially and a big drop YoY (largely due to a $48M campaign expense last year). Removing the campaign expenses, OpEx was $121.3M here compared to $125.9M in Q2 and $124.3M last year.* **Operational Cash Flow:**  QoQ: $86.1M to $76.8M / YoY: $30.3M to $76.8M *Good headline number but always have to factor in unpaid taxes. Tax-adjusted OCF was +$20.2M in Q3 and now $+42.5M YTD ($76.2M if you factor out the campaign contributions). This compares to +$37M in the first 3 quarters of 2024 and +$99.7M if you factor out campaign contributions so actually down this year apples-to-apples. CapEx was $12.3M in the quarter and $40.8M YTD so just above break-even on FCF when factoring in unpaid taxes.* **Cash:**  QoQ: $392.6M to $449.2M / YoY: $238.8M to $449.2M *Cash rise continues driven by positive OCF, although the uncertain tax position along with it. Debt stands at $477.5M with Trulieve indicating they will pay off $368M of notes in December. The uncertain tax position now stands at $616.3M and will continue to rise*

OREG_Keith

My feeling is a lot of funds/professional “Money” will be banking winning stocks to secure Year End Bonuses. This happens in November in Markets that have been on fire. This seems to be occurring. As opposed to AU itself which has tested $4000/oz and remained quite resilient. Personally, I’m adding to my positions today in precious metals miner SBSW and more ASTS and SHOP on these dips. All 3 of these have been huge winners for me already this year and I’ll continue to add and hold long term.

Thekilldevilhill

Ah the classic "market cap versus GDP" nonsense again. Next plot something like company profit versus number of waffles eaten. Or how about comparing AI chip output between JP morgan and NVIDIA and call JP morgan overvalued because ThEy DonT pRodUcE AnY AU ChiPS

paulyh4444

So Caribou was granted a fast track designation through the FDA. That does allow the company to receive more guidance from the FDA and most importantly makes it eligible for the accelerated approval program. This has been granted for their cancer drug. The FDA accelerated approval program allow for drugs for certain conditions to be approved quicker than usual. Caribou had not indicated they intend to seek approval before a phase 2. After Phase 2 and if caribou applies, the FDA will look at the data and then decide if the drug should be approved before a confirmatory trial (which will still have to occur). Your wife is right that this is great news and will help the drug be approved quicker. However, quicker does not necessarily mean fast. The FDA recently granted accelerated approval for another MM therapy. Phase 1 occurred in July 2022. Getting a drug approved three years after phase 1 is very quick compared to the normal time span. But, in my opinion is not very fast. The other drug I am referring to is Lynozyfic for reference. I think these types of drugs should be approved much quicker for these types of conditions, but unfortunately it is still a long process. One drug that I’ve followed for quite a while that has very positive data (CN-AU8) is currently applying for accelerated approval, however it’s still far from a guarantee

AxBxCeqX

Trump convinced AU to put an extra $1T of our retirement savings into US investments, from $0.5T. Plenty of room to keep this bubble expanding

kal14144

Ass will definitely have AU generation in them but that doesn’t remotely imply OpenAI will get the same amount of money as is currently being spent on ad production. OpenAI has no moat. Its technology tends to only be a few weeks ahead of the competitors. Sure it’ll be producing high value videos but anyone will be able to do it won’t be able to charge a ton for its service.

Capitalpopcorn

Academic & Clinical Supply Contracts (by date) • Johns Hopkins University — supply of LaNeo™ MDMA; shipment completed Oct 2, 2025.  • Yale University — contracted supplier (Nov 7, 2024); shipment completed Jun 2, 2025.  • University of Washington — shipment of LaNeo™ MDMA for pilot trial (Mar 21, 2025).  • UCLA — shipment of LaNeo™ MDMA for schizophrenia study (Mar 3, 2025).  • UT Health San Antonio (STRONG STAR Consortium) — supply incl. new 20 mg dose; trial funded via U.S. DoD appropriation (Feb 27, 2025; builds on Oct 8, 2024 contract).  • Icahn School of Medicine at Mount Sinai — contracted supplier (Oct 21, 2024).  • McLean Hospital (Harvard affiliate) — contracted supplier (Oct 2, 2024).  • Johns Hopkins Medicine — sales agreement (original contract Sep 11, 2024).  • University of Texas San Antonio — contracted to develop/ supply novel dosage form (Oct 8, 2024).  • Merhavim Mental Health Centre (Israel) + MAPS Israel — data-license exchange supply (agreement Jan 20, 2025; delivery Aug 7, 2024 noted) .  • University of California (campus not specified in PR) — supply for clinical trial (Oct 5, 2022).  • Monash University (Australia) — supply to Clinical Psychedelic Lab (Apr 20, 2023; archived).  • Mind Medicine Australia & Orygen Institute — shipment of MDMA (Aug 10, 2023; archived).  • Incannex — supply of LaNeo™ MDMA & psilocybin (Apr 25, 2023; archived).  • Awakn Life Sciences — exclusive MDMA supply partner (Mar 1, 2023; archived).  Distribution / Logistics Agreements • U.S. Distributor (name not disclosed) — warehousing & distribution for U.S. clinical clients (Mar 24, 2025).  • Duchefa Farma (Netherlands) — exclusive distributor with annual minimums & QP release duties (Mar 10, 2025).  • Veridion Group (New Zealand) — exclusive distributor (Sep 25, 2025).  • CCrest Labs (Canada) — earlier distribution expansion (May 10, 2022); agreement later terminated (Oct 21, 2024 PR notes termination).  Joint Venture / Subsidiary & Australia-Specific • Cortexa Pty Ltd (JV with Vitura Health, 50:50) — Australian psychedelics JV (announced May 1–2, 2023); led first TGA AP-scheme psilocybin supply (Mar 18, 2024) and commenced GMP LaNeo™ MDMA manufacturing in Australia (Apr 5, 2024).  • PharmAla Biotech Australia Pty Ltd (wholly-owned) — incorporated to support AU clinical research/ manufacturing (Sep 3, 2025).  Other Commercial / Collaboration Items • Sale agreement with Numinus (Mar 26, 2024; archived).  • SABI Mind — MDMA supply agreement (May 19, 2022).  • Global Wellness Strategies — MDMA supply agreement (Feb 10, 2022). 

Capitalpopcorn

Heres a list of there current and past contracts Academic & Clinical Supply Contracts (by date) • Johns Hopkins University — supply of LaNeo™ MDMA; shipment completed Oct 2, 2025.  • Yale University — contracted supplier (Nov 7, 2024); shipment completed Jun 2, 2025.  • University of Washington — shipment of LaNeo™ MDMA for pilot trial (Mar 21, 2025).  • UCLA — shipment of LaNeo™ MDMA for schizophrenia study (Mar 3, 2025).  • UT Health San Antonio (STRONG STAR Consortium) — supply incl. new 20 mg dose; trial funded via U.S. DoD appropriation (Feb 27, 2025; builds on Oct 8, 2024 contract).  • Icahn School of Medicine at Mount Sinai — contracted supplier (Oct 21, 2024).  • McLean Hospital (Harvard affiliate) — contracted supplier (Oct 2, 2024).  • Johns Hopkins Medicine — sales agreement (original contract Sep 11, 2024).  • University of Texas San Antonio — contracted to develop/ supply novel dosage form (Oct 8, 2024).  • Merhavim Mental Health Centre (Israel) + MAPS Israel — data-license exchange supply (agreement Jan 20, 2025; delivery Aug 7, 2024 noted) .  • University of California (campus not specified in PR) — supply for clinical trial (Oct 5, 2022).  • Monash University (Australia) — supply to Clinical Psychedelic Lab (Apr 20, 2023; archived).  • Mind Medicine Australia & Orygen Institute — shipment of MDMA (Aug 10, 2023; archived).  • Incannex — supply of LaNeo™ MDMA & psilocybin (Apr 25, 2023; archived).  • Awakn Life Sciences — exclusive MDMA supply partner (Mar 1, 2023; archived).  Distribution / Logistics Agreements • U.S. Distributor (name not disclosed) — warehousing & distribution for U.S. clinical clients (Mar 24, 2025).  • Duchefa Farma (Netherlands) — exclusive distributor with annual minimums & QP release duties (Mar 10, 2025).  • Veridion Group (New Zealand) — exclusive distributor (Sep 25, 2025).  • CCrest Labs (Canada) — earlier distribution expansion (May 10, 2022); agreement later terminated (Oct 21, 2024 PR notes termination).  Joint Venture / Subsidiary & Australia-Specific • Cortexa Pty Ltd (JV with Vitura Health, 50:50) — Australian psychedelics JV (announced May 1–2, 2023); led first TGA AP-scheme psilocybin supply (Mar 18, 2024) and commenced GMP LaNeo™ MDMA manufacturing in Australia (Apr 5, 2024).  • PharmAla Biotech Australia Pty Ltd (wholly-owned) — incorporated to support AU clinical research/ manufacturing (Sep 3, 2025).  Other Commercial / Collaboration Items • Sale agreement with Numinus (Mar 26, 2024; archived).  • SABI Mind — MDMA supply agreement (May 19, 2022).  • Global Wellness Strategies — MDMA supply agreement (Feb 10, 2022). 

Horcsogg

ye ffs, still not sure whether I should hold or sell my AU stocks for a little profit now.

Grp8pe88

don't fight it, secure a % of profits as it progresses and know whatever you have working could take a good wallop when it blows. Hopefully your working with house $ at this point. The nonsensical hit me again today... Amazon announces a looming 30K job cut. 27th day of Gov. shutdown with thousands not getting paid SNAP benefits not being issued in less than a week. 1st of the month and we get; S&P surpassing 6800 for the 1st time ever Dow and Nasdaq also hitting record highs AU/AG dropping between 3 and 4 % All on the back of a potential deal with China, and semi conductor companies. If the markets like this, they don't need or care about the lower class consumer and prefer the machines. (old news, I know) It's just rough seeing the confirmation of it. Brings back that memory of the drop in population on the stratfor stats. Not only will technology reduce the need for manpower, but it's reducing the desire to even share the planet with them from the elite. what was that population number on the Georgia guide stones again?

AstroAbe22

look CUH, where's AU?

Flimsy-Philosophy-42

https://tenor.com/en-AU/view/spongebob-spongebob-meme-patrick-patrick-star-gif-12989615779010846288

Street-Badger

If we lay out Tesla’s current market cap, in dollar bills laid end to end, it is just over 1 AU (distance between earth and the sun).

Ok_Chemical8864

No I make 450 AU a fortnight on youth allowance the rest is money I make at work

Emergency_Honeydew_7

AU

Emergency_Honeydew_7

AU

tq67

I think there is some strategy to it...certainly seeing some critical US industries dependent on outside parties is the driver. Tariffs focused on metals, rare earth concerns (deal with AU is good), chips (especially with imminent threat to TSMC/Taiwan), AI and Quantum are deemed critical to national security; hence these investments. There is more to it than the cynical make friends rich storyline.

Jerikolol

can i get an X? can i get an AU? can i get a USD? I dont know what it means but its provocative. GOLD IN MY PRECUUUUUM

likamuka

I just found a nice house listed in the Evening Star in 1925. It was listed brand new for sale for 10K USD. The average yearly wage was 5.4k USD per year. So basically if you worked let's say 3-4 years and saved, you could afford to buy a house in AU Park with cash.

Dry-Piece7931

Did AU become Cu?

Horcsogg

Today is gonna be bad mefeels, my awesome Australian rare earth mining stocks tanked even after the big deal yday between Trump and AU.

EvolvingDior

WTF is it with the news about US access to the Australian beef market? Both US and AU are beef exporters. There's no way AU is going to import much, if any, US beef.

Financial-Mud-2433

Gold up 3% and AngloGold Ashanti (AU) mining company is down premarket

Constant_Story8217

Anoos Unobtainable (AU)

kaapooj

we are golden, AU = Asset accumUlator