CBSTF
The Cannabist Company Holdings Inc.
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The Cannabist Company Teams up with Revelry to Bring the West Coast Lifestyle Cannabis and Retail Leader to the East Coast | The Cannabist Company(NEO:CBST)(OTCQX:CBSTF)(FSE:3LP)
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Any hope for CBSTF holdings? My shares be suspended like everyone else. Curious if anyone follows them, how they feel
No skin in the game besides -2k worth of CBSTF. Enjoy lads, you deserve it.
You saying this shows how little DD you did into them, They are no where near CBSTF its actually funny. And if we want to talk debt Ill break it down for you
What world is this. GTBIF is down and CBSTF is up.
I know dude I was speaking in generalities. There are a rack of companies hanging by a thread. CBSTF the easiest to spot but I can probably like 3-4 others in top 2 tiers where if rescheduling doesn't get done before EOY, are in serious trouble or insolvent.
given how there are no chapter 11, commons gets wiped..... They have **assets worth more than their market cap** (the 1 Virginia sale alone is for $130M, while the whole company is valued at \~$22M), but they **cannot access the cash** fast enough to satisfy lenders by the **February 17th deadline**. **The Strategic Outlook:** For a shareholder, the stock is currently a "binary bet" on whether the noteholders will extend the forbearance period one more time to allow the Virginia cash to arrive. If the noteholders lose patience before the sale closes, the common equity could be significantly diluted or wiped out in a restructuring. If the CCA does not clear the Millstreet transfer by the **February 17** deadline, the "Cash Conversion" scenario fails. This would leave CBSTF without the $117.5 million in cash needed to pay noteholders, likely triggering the "Equity Trap" where lenders take control of the company via debt conversion. millstreet is coming for them.......In short, Millstreet is sitting on both sides of the table—they are the ones **refusing to sue** for missed interest payments (as lenders) while also being the ones **providing the cash** to eventually pay those same interests (as buyers).
Open net gain: CBSTF: -93% CRLBF: -61% MSOS: -48% CRON: -18% MO: +25% This sector has really stunted my investing career.
During the 'go-look' grace period with Curaleaf, The Cannabist Holding Company found a better offer for it's Virginia operations. An affiliate of The Millstreet Fund is paying $130 million for CBSTF's Virginia assets, $117 million to be paid upon closing. Very positive news.
There are going to be some massive upcoming changes. CBSTF is going to get bought out by one of these companies.. or alcohol, tobacco, pharma. It's the only way in for these billion dollar companies.. is acquiring an already existing operator. That's why I am here as well as uplisting. I have been saying this for years. With a billion dollar backing, no 280e, there's going to be some massive upside. Wouldn't be surprised if SNDL or CRON acquires them. Cura is the sole operator I think will run on their own, they are too huge for anyone to pick them up. This sector will be great it's just a matter of how long yoy want to put up with the manipulation before you exit due to mental health or we get uplisted. These talks about acquiring these companies have already been in the works waiting on schedule 3.
Imagine sitting in these stocks, averaging down for 2 to 10 years, just to sell to break even or make a couple bucks and have a lifetime of regret as you watch this climb over the next year. That's insanity. Everything is changing for the better. Cannot wait for some of these companies to get bought out (CBSTF) and big money to come in.
Not sure if I'd be more comfortable with 300k of CBSTF or Fartcoin
Cresco and GTI are my conviction plays and CBSTF is a gamble. I don't want to get guessing a percentage, but I feel bullish enough long term that i don't mind holding Cresco and GTI if there is a long term down trend again. With that being said, I have a sell ladder set up on both names to start selling small lots on each name if it gets to 2.20 on Cresco and 14 on GTI. i will continue to hold a major position for upside potential but this way I can mitigate some downside risk if it does drop, which will give me cash to buy back lower if there is some bad news in any way. By resolution, I mean once the question of whether there is any type of bifurcation that is clearly answered I'll buy heavily.
I should’ve bought a bunch of CBSTF shares when it was at around 3 or 4 cents several days ago. I can’t believe it goes up so fast now.
So.. yes and no. The Biggest and best players WILL lag on S3 news because they dropped the least over the past few years. CBSTF case and point.
CBSTF will be a huge POS regardless of the laws. That company was created exclusively to enrich Nicholas vita. Maybe the new management can save that sunken ship but I doubt it.
Did you see their last quarter? They aren’t cheap - they are overpriced. They should have been paying me to hold their stock. I sold everything I had left after last quarter. If you are playing the hype train you can see that CBSTF moved pretty much in step with other MSOs…but they are like a big turd swirling the punch bowl with a big puff of dairy AYR following it.
Cresco, Green Thumb and Trulieve. If you want to gamble go for CBSTF or Marimed
People buying up CBSTF today like they can almost pay their bills! 😆
He's trying to figure out how much GTI he needs to sell to buy CBSTF
After the “earnings” release a couple weeks ago I sold all CBSTF. Should have done it a long time ago. I was holding out hope that the plan to go primarily wholesale would work and it would work timely. They kicked their debt out a few years but the last few quarters had me wondering if they would even be able to keep up with their operating expenses. They are saddled with debt and interest…. Crippled… oversized and crippled… essentially the Cannabist is bedridden… think Gilbert Grape’s mom… just going to burn the whole house down 😂
Holding 3000 CBSTF at -93.57% gain today. Hoping something moves one of these days. (been holding for years, since NY state decriminalized)
I thought you weren’t able to short CBSTF because it’s a penny stock or something
Hope it rubs off on CBSTF
CBSTF - it’s .13 cents now, it was once over $6.00, so.. imho the upside is worth the risk
I sold all my Tilray at .45 for a YUGE loss and have been amazed watching it run the past month… honestly goes to show that this sector is basically ZERO fundamentals and all hype… should have known. I’ve made maybe 25% back on that money so seeing these spikes is a big kick in the balls - especially knowing how slimy Irwin and Hot Carl are. I still hold about $50k combined of CBSTF, CNTMF, Cresco, GTBIf and MSOS. My plan, which obviously I don’t know what I’m doing, is to exit the weaker positions if news causes a huge spike (everything but GTbIF… maybe CBSTF)… I’d then wait for the dust to settle and potentially rotate all of that into something like GTBIF. Who knows… with this sector there could be no news and back to ATL in a month or two… or DJT could come out and cause a major run on these stocks. I’m fine sitting where I am and not adding currently…. kicking my own ass for not rotating the Tilray funds into more cannabis but I was severely burned and overly hesitant. It’s like a double whammy… take medicine and sell for a big loss - sit here and watch the shit run back up 😂
Wow, over $20M in inflows yesterday into MSOS and about $20M in cash still left to deploy. MSOS bought 500K+ shares of GTBIF and TCNNF. And 1M+ shares of VRNOF, CRLBF, TSNDF, CBSTF and. of course, CURLF. What a day. https://x.com/junglejava1/status/1960540896346112463?s=46&t=R3FbbhS_l0lFIJt2nBUUiA
Cannabist discussion: Back to talking about CBSTF. Long story short: 1. They have only $15.5M cash left 2. Extended senior debt, $52.5M, to Dec 2028. 3. Tax liability of $87.6M 4. Long term debt is at $297.7M 5. Several other liabilities (leasing, finance) Other things to think of: 1. Continued strategic downsizing bringing in cash 2. 10M+ Verano shares 3. Potential rescheduling to S3 on the horizon The above is not an exhaustive list. But they have a pretty big hole to dig out of. What is Cannabist’s chance of success. What is their best case scenario? I have both shares and warrants.
Any update on the Schwab situation? All my CBSTF warrants are in a Roth IRA at Schwab. Hadn’t gotten this far just knew they were. Thanks Homey.
Am interested in this too. In the meantime, below is an AI-generated answer: Based on recent public announcements and filings, The Cannabist Company (CBSTF) has issued “Anti-Dilutive Warrants” as part of a plan of arrangement. Here are the key terms: * Strike Price: The warrants are exercisable at a price of C$0.14 per common share. * Expiry Date: The warrants are exercisable for a period of two years from the closing of the transaction (the plan of arrangement). The company announced on May 30, 2025 that it had completed the plan of arrangement. * Recipient: The warrants were granted to existing shareholders of The Cannabist Company, excluding the recipients of new common shares issued in the same arrangement. * Purpose: The warrants were issued to reduce the dilutive effect of the new shares on existing shareholders. * Total Warrants: The total number of Anti-Dilutive Warrants issued is an aggregate of 118,246,947. For more detailed and official information, it’s recommended to consult the company’s official filings on SEDAR+ (for Canadian filings) and EDGAR (for U.S. filings). The company’s management information circular dated March 28, 2025, provides further details on the arrangement.
Hunting down the CBST warrant situation a little today on my day off. According to their IR the transfer agent for CBSTF is: https://odysseytrust.com They handle all the DRS shares for the Cannabist Co. And they have on their contact form a section for executing warrants. I submitted a request for information on the process. Will post reply, if any.
Will they worth more if the CBSTF share prices go up much higher?
Smart person here, you named my top 3 mso holdings. I also carry a small position in GLASF and CBSTF, I just created my own index
There was one glorious day a few weeks ago when my CBSTF was black and Cresco was still down; really regretting not swapping that day.
Cannabist, CBSTF: https://investors.cannabistcompany.com/news-releases/news-release-details/cannabist-company-announces-closing-sale-affiliate-repositioning Cannabist sold their PA footprint for $10M in cash + ability to sell wholesale to the new owners?
Spin the wheel with CBSTF :) help a brotha out
CBSTF warrants only a half a cent away from a strike price I thought I’d never see
Higher upside risk CBSTF Muted risk with lower upside CRLBF
I remember the days when analysts were saying CBSTF was a $45 a share stock. That's not coming, but my point is this run will be epic. Reschedule, tax breaks, uplist, institutions/funds, consolidation, and massive mergers/buy-outs. Obviously, there will be ups and downs throughout this, but this hodl could potentially be something never seen.
CBSTF has doubled (tripled at one point on a big bounce last week). Been some bit run-ups recently
I wonder how many shares of VRNOF that CBSTF still holds (all of it? I never read about the exercise dates/etc)
Another win lined up for $CBSTF... I think they're going to pull out of this. The new management has been killing it in their constriction of asset, focusing on money makers, cutting bait on bad & saturated markets while focusing on places like NY, OH, DE, VA
the ETF did not buy any CBSTF yesterday during the 51% surge, I found that interesting. The run pushed some of the outstanding warrants into the money.
I believe today will be another inflow day, I’m assuming the ETF was the main buyer on CBSTF
Well yea dude, nobody should shoot themselves (kill themselves?) over losing money. I agree the egregious (and illegal on paper, but not in reality) shorting and manipulation in this sector is nuts. And $CBSTF ($CCHWF) was targeted worse than any. But it's only money people, you feel on edge reach out to someone/anyone
are you saying my CBSTF shares might go green before I die?
I mean don’t chase CBSTF i can agree with, after it just shot up 60% today
They have a deficit in equity… there is a reason it’s trading at 4cents a share…. That’s what people are willing to pay for a CBSTF lottery ticket.
So is Cannabist (CBSTF) basically toast at this point? I guess I'll go find the recent annual or quarterly report and take a look... oughta be pretty funny. I caught a glimpse of my CBSTF holdings when I was logged in to my brokerage account yesterday. Total value is like \~$20 for my 500+ shares purchased in 2021-2022. Wondering if I should cash out my $20 just to clean up my brokerage, but might just let that shit ride and truly go down with the ship!
I, knowingly, made a large gamble on the election and lost. I told myself I was selling those positions no matter the outcome of the election and Florida vote, so I sold those positions. I now hold just Cresco and GTI because I believe in both companies long term. I own CBSTF as a gamble.
From X MSOS Never mind the earnings this morning, that’s not what catches my attention. A lot of worry out there about the looming 2026 debt cliff. If bottom of the barrel $CBSTF has just managed to extend 25, 26, 27 debt to 28 with an option for 29, is the fear maybe a bit overblown?
Gambling is when you buy into a pump and hope for a moon shot Fundamentally sound companies that have been around for a decade aren't gambling. It is investing. I am kind of gambling on CBSTF, but they do have more runway than people realize. Just my opinion. You do post sound logic typically, so I am certain you know this. Cheers!
> I am not a financial advisor and this is not financial advice I'm going to downvote you(and anyone) every single time I see this because it is super cringy. You're investing in CBSTF, no shit your not a financial advisor.
> I don't care what the previous quarters said about CBSTF, 26m for a market cap is absolutely ridiculous. You were likely downvoted because you're saying "I don"t care about their earnings reports, heaps of debt, or gutting of their operations to keep the lights on, I've got a *feeling* they're undervalued" Its a 26million market cap company with problems, who cares. If T1s are getting crushed why anyone wants to buy T2+ is beyond me.
> CBSTF 31mil market cap. no more tears, only dreams
Am I the only one who finds the down votes on my CBSTF comment bullish as hell?
I don't care what the previous quarters said about CBSTF, 26m for a market cap is absolutely ridiculous. I'm pretty sure they just divested a bunch of assets to shore up the system but it seems like the market is pricing guaranteed bankruptcy. Below .06 USD is outrageous. I'm freaking shocked swing traders aren't eating these dips alive. When a bank criticized them for not refinancing a loan I wonder what they are working on that made them wait... It was obvious to me that the bank was willing to refinance. I wonder if they think something is coming that will create better rates? This isn't advice of any kind. These are opinions only and an expression of..... What the fudge cakes? I am not a financial or legal advisor. Sometimes my wife calls me stupid, especially when I forget to pull out.
Dank Informer: DAILY CHANGES: $GTBIF +262,399 $CURLF +1,272,460 $VRNOF +776,483 $TSNDF +522,567 $GLASF +91,014 $JUSHF +268,064 $AYRWF +271,748 $PLNH +218,423 $CBSTF +874,704 Dan bought hard, but still down..
Found in recent news- Hope the new markets can help keep them alive NEW YORK—(BUSINESS WIRE)—Jan. 22, 2025–The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., announced today the expansion of its partnership with Ric Flair Drip into the New Jersey market, building on the collaboration which kicked off late last year with the brand’s debut in Delaware. The signature cannabis brand co-founded by the iconic wrestling World Champion, Ric Flair, is part of Carma HoldCo Inc., a leading global house of brands. The Ric Flair Drip collection makes its debut in New Jersey, offering a lineup of premium cannabis products that deliver bold flavor profiles and exceptional quality. Inspired by the charisma and larger-than-life spirit of the wrestling legend, the brand captures the essence of Ric Flair in every product. The launch features all-in-one 1-gram vapes and vape cartridges in four expertly curated flavors: Banana Belts, Mango Mania, Strawberry Strut, and Woo Watermelon. In addition, the collection introduces tasty cannabis-infused edibles, available in bold new flavors: Flairy Cherry, Figure Four Orange, and Watermelon Wooooo. “We’re beyond excited to bring our partnership with Ric Flair Drip to New Jersey, building on the incredible momentum we’ve seen in Delaware,” said Jesse Channon, President of The Cannabist Company. “Ric’s larger-than-life persona has been a game-changer for the cannabis industry. This launch comes on the heels of opening our third dispensary in the state, located in Mays Landing, further solidifying our commitment to expanding access to unique, high-quality cannabis products while enhancing the production capacity.” “Bringing the Ric Flair Drip experience to New Jersey is like stepping into the ring for the main event, baby!” said Ric Flair, the legendary wrestling World Champion and the face behind the brand. “After the crowd went wild in Delaware, we’re bringing that same show-stopping energy to the Garden State. Ric Flair Drip isn’t just a brand, it’s a lifestyle – all about styling, profiling and delivering the absolute best. With The Cannabist Company in our corner, we’re ready to take New Jersey’s cannabis scene to the next level. Buckle up, New Jersey – the Nature Boy is here! Wooooo!” “Expanding Ric Flair Drip into New Jersey is a testament to the brand’s undeniable energy and growing fan base. Ric Flair is an icon who has transcended generations, and his influence is perfectly aligned with the brand’s bold, high-quality products,” said Adam Wilks, CEO of Carma HoldCo. “Carma’s partnership with The Cannabist Company allows us to bring that same excitement and premium experience to cannabis consumers in New Jersey and new markets across the country. We’re thrilled to continue this journey and elevate the Ric Flair Drip lifestyle in a market that’s primed for innovation and top-tier products.” To find the nearest Cannabist Company dispensary featuring this new partnership, visit https://cannabistcompany.com/locations. About The Cannabist Company (f/k/a Columbia Care)
Yeah wtf is going on with CBSTF? it held on for a bit, but today... ooof.
When I'm sad about being down again, I can always just say that at least I don't own CBSTF.
The other stocks are just dumpsters. CBSTF is a dumpster on fire.
Right now, my schwab account is showing CBSTF bid price of .0001 and an ask price of 24.11. LOL
Thank you for the well thought out, well written contribution. It sucks to admit we got greedy and made bad/poor investment decisions. If we stop chasing what we are left with are lessons learned and hopefully that leads to more solid investments in the future. I am accountant by trade and I have to 100% be lying to myself to say outside of GTBIF any of these balance sheets look like a "value". Quite the opposite. They look god awful. Shit I wouldn't touch with a 10 foot pole. If they don't have going concerns yet they should and will in the near future without major changes. If you do find value its OTC and it is either manipulated to all get out or there is such low volume that a $100 trade can make you feel like you just lost 8% of your investment. Similar to you I let my principles get away from me and ended up in way too large of positions in way too risky of companies. Companies I knew needed major help or they were at serious risk of going under. I ended up having 15%+ of my portfolio allocated to it and we all know what has happened with weedstocks since the election. I think part of the reason it happened is because I "support the cause" and have my entire life. I let emotion and logic intertwine. I have accepted my losses and some of the bags are HEAVY. I haven't sold much. I still hold positions in AYRWF, CBSTF, CNTMF, GTBIF, MSOS and TLRY. I sold my taxable AYR position. I have added GTBIF and CBSTF and have put in orders for more CNTMF that haven't filled. I can argue why I am still holding what I am holding outside of AYR and MSOS. I want to see if CBSTF can turn it around a bit more and provide clarity on the upcoming debt maturities. I want to see what happens with CNTMF's combination with RIV capital and entrance into NY. I want to see GTBIF continue running successfull operations in a very difficult environment. I want to see Irw dilute more and gel it up to tell us how good of brands they have. Maybe the sunk cost fallacy just hasn't caught up yet. Unfortunately a lot of these things take time and this sector is dominated by hype, news and rumors and the companies have upcoming debt and potential dilution. A lot of moving pieces.... mostly bad things. This experience has caused me to re-assess my other investments and positions and over the next year or two I need to work towards an overahul. I also need to separate legit investing from whatever this is. Hindsight is 20/20 but following this sector and other sectors I am interested in are hobbies. I need to remember that. I want to say I spend 90% of my time on 10% of my investments.... I just got to 95% of my time on 15%+. When that 15% turns into 5% it stings a bit - especially with the market continuing to rip. Oh well. Onward and upward!
Cannabist holders. What are you doing with your CBSTF shares: 1. Sell and never look back 2. Sell and put the funds on GTBIF 3. Sell and buy it back 30 days later 4. Just hold 5. Buy more at these prices
CBSTF at 0.10 seems like an easy x2 eventually. I need someone to hold me back
As much as I like bashing CBSTF…. I have to say…. hindsight is 20/20.
GTI just became the most valuable company (: I had 65% in GTI and 35% in TCNNF! 130M wasted and 22 pending FL licenses pending. 💔 CBSTF was smart to sell their FL assets months ago.
So, I guess it was CBSTF that was the smartest of all, selling all of their FL assets?
If anyone here has any stake in CBSTF, and decide they want to just throw like $50 at it today, I bet it goes up like 3 cents.
Honestly it's probably a way better strategy than buying that failing Cresco dogshit (or CCHWF/CBSTF or whatever stupid ticker that dead-money scam company is clinging to now). If it makes you feel any better I'm also down about $5k (-92%) on CBSTF with a $2.88 average and lost 75% or ~$14k on Cresco warrants back in 2021. Both of these failed companies need to delist and sink into the abyss with ITHUF and MPXEF.
Today I decided to sell one of my taxable positions in CBSTF at a whopping 40% loss. Ouch. Rotated into AYRWF. Still holding CBSTF in my retirement account but it is a piece of shit.
I agree with your thought on this. I sold my Trulieve last week at a significant gain and rolled it all into Ayr, Verano and Cresco. I also still hold a decent amount of CBSTF. I really believe FL will pass and these names should see some of the most upside. The biggest risk for me right now is Ayr... If FL doesn't pass they could get hit super hard. Otherwise, in the worst case scenario, I don't mind holding Verano and Cresco as I predict they both have some of the most upside of any tier 1 and I believe we will regain any losses in 2025 after the ALJ. I've been wrong plenty, but I feel good about this plan. Time will tell.
Trulieve and Green Thumb are the two big US names that are profitable. If any degens want to gamble then I suggest Cannabist (CBSTF) or to a lesser extent Cresco Labs for the moonshot when these companies can officially uplist to American exchanges.
We are going to have meme stock(s) for a shorter hold. We are also going to have some quick consolidation and massive players coming in that are going to temporarily sky rocket certain picks. I am well diversified in weedstocks for this reason, but CBSTF is a top pick for me because of this. I wasn't saying absolutely "nothing matters" but play your strategy, I have short and long term holds and regardless of that, I think most would say cbstf at .20 to .24 cents is a deal.
> For every $1 Verano climbs, CBSTs paper in them increases by 10M. That's a financial investment. It's not on-the-ground national footprint expansion. If I want to invest in Verano's success, I could do that directly. > CBST is interesting, they are in Delaware which is about to flip to adult-use If Delaware is a lead factor in the growth story....? I don't know Delaware. Perhaps it's a bigger market than I think. But it can't be that big, or meaningful. > If CBST really wanted to, they could use the other Virginia license to wipe out most of the 2026 debt. Which would further diminish their growth potential. That's my point. This company's ops and growth markets arent compelling. I don't see how their operations pay down that debt, let alone cash flow the business. Which leaves further asset sales and/or increasingly predatory debt. > I could see an argument being made to move CBST to CRON/SNDL though Now you're talking! 😉 Kidding of course. I'm not making any specific rotation recommendations. Simply suggesting that a bout of strength on CBSTF presents an opportunity for investors that have lost faith to rotate into a stronger company.
The only non tier 1 MSO I own is CBSTF because I stupidly thought the arb gap would hold with the Cresco deal. Luckily didn't switch over all my Cresco shares....but still. Need to get lucky on timing with tier 2/3 companies, and I haven't been putting much capital into this sector since July/Aug of this year.
I completely agree and that's why I moved most of my $CBSTF into $VRNOF last week.
CBSTF is really trying to break out. I’d love to see .30 again
It’s near all time lows. New management is focused on making the cannabis company profitable will they be able to do it? Who knows. It’s a gamble to put your money in now. If things turn out, it will make the most profit in the sector if it doesn’t plan on losing. I have 70% of my portfolio in CBSTF I’m obviously, willing to gamble
Yes, I agree with you on this... I am now far more heavily weighted in Verano directly. Especially in the short term I see VRNOF, TCNNF, GTBIF, AYRWF and CURLF having more upside than CBSTF due to direct FL exposure.... Long term, I'll likely roll funds back into CBSTF after the next earnings call, but that's just speculative at this point.
> I've shaved my position on CBSTF a bit but I do believe people are underestimating the FL exposure via Verano. To me, their $VRNOF shares are a nice to have but definitely not real FL exposure. I'd rather just hold $VRNOF directly for FL, especially given that both names have fallen similar % from recent highs (both around 50% down since then). If $VRNOF was overperforming while $CBTSF was lagging behind then yeah it would make sense to get indirect exposure to FL for cheaper through $CBSTF but I don't see that as the case here I agree with the rest of your comment and it's why I've reduced my exposure to this name at least until after the FL catalyst has come and gone
I've shaved my position on CBSTF a bit but I do believe people are underestimating the FL exposure via Verano. Even if they end up turning profitable with less revenue, profits are profits and the stock is likely very undervalued in my opinion. Assuming there aren't any unforeseen issues in the balance sheets that haven't come to light yet, I would be very surprised if this stock isn't in a much better position in a year. With that being said, I do believe it could be a longer road than some of the names with direct FL exposure. CBSTF has been high risk, high reward for a very long time now but I do still believe the reward potential is very high.
For example CBSTF sold FL dispensaries because they were not profitable and is getting rid of DC also to focus on profits in 11 other states.
Any thoughts on CBSTF cannabist company. I judt bought a bunch at 0.19. New management seems to be making an attempt to turn a profit. If it happens this could be the biggest gainer in the sector.
Looking like selling off most of my $CBSTF at a loss and moving those funds into $VRNOF last week was a good call
Not just CBSTF. jUSHI/GTBIF/CXXIF/VRNOF/AYRWF/VREOF/CRLBF
Looks like there were some large block trades after hours on some names like CBSTF and GTBIF.
Is the CBSTF volume of 16 million for real?
The notes don’t mature for 16 months. Are interest payments being missed or covenants (if any) failed? I’m not defending CBSTF in any way shape or form. What are they hoping to accomplish with this letter or is it more laying COA/groundwork for a lawsuit if/when the shit really hits the fan?
Do you think Erich Mauff is pissed at The Cannabist $CBSTF [https://www.greenmarketreport.com/cannabist-lender-fed-up-with-being-ghosted/](https://www.greenmarketreport.com/cannabist-lender-fed-up-with-being-ghosted/)
It’s not even that investors should look for it’s the M&A with larger companies such as Philip Morris etc since they are struggling with sales as the lose more of the customer base to cannabis and the long term trend looks grim. PM+CBSTF anyone?
CBSTF just sold one California dispensary location to 818 brands
After listening to a couple of interviews It seemed like he wasn't a great fit for the job with zero cannabis experience coming in (if I remember correctly). I am not saying that I have any idea as to why he would resign but he has a few recent podcast interviews if you want to hear his public take on AYR. One of the things that rubbed me the wrong way in one of the interviews was that he had no response to the debt burden outside of "we have 60+ stores in florida - if A3 passes we will be able to grow into a balance sheet where the debt seems manageable". To me it sounded like there really was no plan outside of banking on Amendment 3 passing. As an investor that has, unfortunately, become my plan as well. I have invested in another shitbag soon-to-be-former Florida MSO (i.e., Cannabist) and when listening to those interviews/updates I actually feel like management has a much better idea of the day to day and what it takes to turn around a company. Longer term (think 6+ months) I actually feel better about CBSTF than I do AYRWF. With all of that being said.... AYR has concentrates for $25-30 a gram where the quality has somewhat surprised me lately.... Cannabist is still being cannabist. I wouldn't buy flower from either dispensary but I actually find myself OK with going to AYR from time to time lately.
CBSTF reported a couple weeks ago that they are in a definitive agreements to sell their Florida assets. Not saying its not worth asking someones take on CBSTF but think its important to note that they won't be in Florida much longer.
CBSTF Volume is sub $50k some days At least I can dump my CGC bags without crashing the stock to 0.001 in a day Buying such an illiquid name in a trash sector is wildly reckless And I’m a reckless gambler