Reddit Posts
Roth Capital Partners (Investment Bank): "Best positioned MSOs to capitalize on growing U.S. Cannabis market = $VRNOF $GTBIF $AYRWF"
$RGBP Must read mRNA #FDA in play!
Cannabis Investing Network: #179 - Q2 Financial Review of the Big 5 MSOs (ft. Nick Gastevich aka CannaVestments) on Apple Podcasts
MSOS ETF and underlying free cash flow changes with Schedule 3 Cannabis.
NY Times - More than one-fifth of people who use cannabis struggle with dependency or problematic use, according to Journal of AMA
Goodness Growth To Sue Verano Over Canceled Acquisition, Claims The Company Backed Down After Failing To Reduce Price - Verano Holdings (OTC:VRNOF), Goodness Growth Holdings (OTC:GDNSF)
(GNLN) 5 Cannabis Stocks Wall Street Predicts Will Skyrocket
The SAFE Banking Act is likely up for vote TODAY in the House.
Verano ($VRNOF) announced they're getting into NFTs today "officially"
Mentions
'**Verano Holdings Corp. (VRNOF)**, a leading multi-state cannabis company, has announced plans to redomicile from British Columbia, Canada to Nevada, USA.' That's got to be good news right? [Verano to Redomicile from Canada to Nevada, Seeks Shareholder Vote | VRNOF Stock News](https://www.stocktitan.net/news/VRNOF/verano-holdings-corp-announces-proposed-redomicile-of-parent-company-qlal11kelp0y.html)
Wow, over $20M in inflows yesterday into MSOS and about $20M in cash still left to deploy. MSOS bought 500K+ shares of GTBIF and TCNNF. And 1M+ shares of VRNOF, CRLBF, TSNDF, CBSTF and. of course, CURLF. What a day. https://x.com/junglejava1/status/1960540896346112463?s=46&t=R3FbbhS_l0lFIJt2nBUUiA
Well I'm up. VREOF was my largest holding so that helps a lot (even with Trulieve in portfolio). Unlike many, VRNOF or AYRWF were not in my portfolio. Florida vote on adult-use was the major reason for decline in pot stocks though incorrect thinking Trump would be bad for pot stocks may be some. Again look at the charts under Trumps first term... made money with him & lost with Biden/Kamala/Democrats. Thinks are looking great under Trump!
VRNOF with 1.6M of volume, and MSOS didn't buy any? hmm
Also, the biggest gains though (look at VRNOF's gains from their low's vs GTBIF's).
Ughhh - VRNOF went from like +25% to +14% in the last 5 minutes of trading.
Canopy ($CGC) is one of thee most beaten down MSO's. When you account for the reverse split(s?) of $CGC it has been absolutely hammered and is trading at all time lows. [https://www.reuters.com/business/healthcare-pharmaceuticals/trump-weighs-reclassifying-marijuana-less-dangerous-drug-wsj-reports-2025-08-09/](https://www.reuters.com/business/healthcare-pharmaceuticals/trump-weighs-reclassifying-marijuana-less-dangerous-drug-wsj-reports-2025-08-09/) Could see a resurgence in weed stocks for an end of year run? One would think $CGC stock price would benefit from an overall bull run in the industry. See also: $MSOS $TLRY $CRLBF $VRNOF $GTBIF
Crazy - VRNOF +112% from low's a month ago.
Anyone know how VRNOF increased their gross margin this quarter? Was it just less wholesale in the mix?
VRNOF +31.6% - That has to be a short squeeze right?
why would cura do terrific? they just dont seem to be good operators and while S3 will improve cash flow, it does for their competition as well. And won't improve the brutal balance sheet. I'd rather gamble on VRNOF if going for high leverage play personally
I wonder how many shares of VRNOF that CBSTF still holds (all of it? I never read about the exercise dates/etc)
VRNOF got hot af going into close on 2x avg volume. Let's gooo
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..
MSOS closed down -4.32% today, but the top holdings making up over 80% of the fund were flat or green on the day (GTBIF +0.42%, TCNNF 0.00%, CURLF -1.84%, CRLBF +0.49%, VRNOF +1.69%) .. makes no sense to me
because GTBIF, TCNNF, CURLF and VRNOF will b red by eod
Why is MSOS down almost 2% while GTBIF, TCNNF, CURLF and VRNOF are all green ?
>I continue to steadily (and I have daily for about two weeks) add to my cannabis longs - based on a very favorable upside/downside .... $MSOS $GTBIF $VRNOF $TSNDF $CURLF $TCNNF $AYRWF $CRLF See @thestreetpro for my rationale @WolfOfWeedST @jesseredmond @JasonGWild @todd_harrison @mayortoby @TheDalesReport @V_arrell - DougKass Pump it up, you gotta pump it up
Great news for Vireo Growth. Very bad news for Verano. John Mazarakis, co-founder at Chicago Atlantic, is now the CEO and Co-Executive Chairman of Vireo Growth. [https://investors.vireogrowth.com/news/news-details/2024/Vireo-Growth-Inc.-Announces-75-Million-Financing-andAcquisitions-of-Four-Single-State-Operators/default.aspx](https://investors.vireogrowth.com/news/news-details/2024/Vireo-Growth-Inc.-Announces-75-Million-Financing-andAcquisitions-of-Four-Single-State-Operators/default.aspx) In May, 2024 - Vireo Growth filed a $860.9 million lawsuit against Verano due to breach of contract after they terminated its agreement to acquire Vireo Growth (then Goodness Growth). In October of 2022, Verano refinanced a $350 million credit facility with Chicago Atlantic with a maturity date of Oct. 30, 2026 - [https://www.globenewswire.com/news-release/2022/10/27/2542809/0/en/Verano-Refinances-350-Million-Credit-Facility-with-Significant-Optionality-to-Bolster-Strategic-Growth-Plans.html](https://www.globenewswire.com/news-release/2022/10/27/2542809/0/en/Verano-Refinances-350-Million-Credit-Facility-with-Significant-Optionality-to-Bolster-Strategic-Growth-Plans.html) Chicago Atlantic could indeed force Verano into settling the lawsuit with Vireo by being merged into Vireo Growth. It appears very clear Chicago Atlantic has decided who they are backing. VRNOF VREOF
Any hope for Verano? I'm currently holding GTBIF, TCNNF and VRNOF...Verano is the more high risk play, but also worries me the most tbh.
They are very much alive. The market is irrational. Same for TCNNF. https://finance.yahoo.com/quote/VRNOF/analysis/ The EV is now 3 times the market value. The free cash flow is positive. Gross revenue is over 50%. People are giving all their money to Tesla as if Chinese EVs have stopped producing. Tesla now P/E of 100. It's not like they can print money.
Oh my God - what a disaster! I had warned everyone that Verano's Q3 year-over-year revenue wasn't going to be any better than last quarter's YoY 5% decline. However a 9.7% decline for Q3 even surprised me. This company just is going backwards and fast. They are in major trouble for a number of reasons - especially regarding the Vireo Growth lawsuit which they will have to settle or possibly lose everything IMO (Note - I own Vireo Growth). Howard Penney from Hedgeye (independent research firm) stated on X today "Since I wrote this to them, $VRNOF has overpaid to enter another market (Virginia), worsening the situation. The "retail" segment of the cannabis industry is fundamentally broken, and only a few will survive. Given the current corporate structure, I don't put veranobrands in that category." Here is his letter from 7-12-2024 to Verano which Penney shared today - [https://x.com/HowardWPenney/status/1854547799242833926/photo/1](https://x.com/HowardWPenney/status/1854547799242833926/photo/1) Highlights from his letter - "I currently have a SHORT rating on the company" \- losing market share in nearly every state they compete \- balance sheet strain (funded debt, operational leases, delayed tax payments) \- Vireo Growth lawsuit "We hired lawyers to address this issue and have concluded there is not an "MAE" for VRNOF to have walked away. This represents a substantial liability for Verano. Until this is settled, the potential for hundreds of millions in damages could further strain the company's access to capital." \- poor capital allocation strategy Note - Hedgeye had recommended to buy Vireo Growth to their subscribers after their research.
Luckily I unloaded a lot on Monday selling into strength. Was holding some MSOS, SNDL, VFF, VRNOF, TSNDF, from swing trades but lost on NLCP. I'm sitting fairly insultated due to rolling money into MRMD which usually shows strength relative to the ETF on these capitulatory days. Lower cap, higher risk, but seems to weather the tough days. Earnings tonight so could be a mistake, but I've been buying on the weakness of the sector today.
Florida Cannabis play would be smart here, they vote on Recreational Cannabis tomorrow: [VRNOF](https://finance.yahoo.com/quote/VRNOF/) [TCNNF](https://finance.yahoo.com/quote/TCNNF) [AYRWF](https://finance.yahoo.com/quote/AYRWF) [https://ballotpedia.org/Florida\_Amendment\_3,\_Marijuana\_Legalization\_Initiative\_(2024)](https://ballotpedia.org/Florida_Amendment_3,_Marijuana_Legalization_Initiative_(2024))
Florida Cannabis tickers would be [AYRWF](https://finance.yahoo.com/quote/AYRWF) [VRNOF](https://finance.yahoo.com/quote/VRNOF/) [TCNNF](https://finance.yahoo.com/quote/TCNNF)
https://x.com/curated_value/status/1852066385159172348 “$VRNOF purchased a new 251,000 sqft facility in FL this July for $37 million. It appears the build out began in August. They probably should’ve mentioned this in their Q2 call....”
> VRNOF makes me seriously worried about the dark days of weedstocks with hidden backrooms, empty warehouses and financial fuckery Agreed. It feels a bit too much like canntrust to me. Verano is currently a top 3 position,but I look forward to exiting as soon as my target price is hit. > CRON as much as I like (and have held literally since I started investing) just doesn't do much of anything and their revs and growth are embarrassing. For me, theyre a hedge on unfavorable regulatory reform. Also, a sleeping catalyst (MO) that may spark at unpredictable times. For me, Cronos isn't a fundamental ops play, it's a what if hedge play.
> Green Thumb, Veranao, Trulieve, Cronos These are the only names in the sector I could possibly humor recommending to someone outside of the space, and really only GTBIF and TCNNF. VRNOF makes me seriously worried about the dark days of weedstocks with hidden backrooms and financial fuckery. CRON as much as I like (and have held literally since I started investing) just doesn't do much of anything and their revs and growth are embarrassing.
Right there with you with $6.28 avg. Could have averaged down harder these past few months, but really haven't put much into the weedstocks dumpster fire since August. Though VRNOF is my biggest holding
Looks like $VRNOF and $AYRWF are trying to play catch up heading into the A3 vote. Love to see it
I completely agree and that's why I moved most of my $CBSTF into $VRNOF last week.
VRNOF seems to be positioned well I personally used the products and liked the simplicity of their SKU’s
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
They have no FL exposure beyond their $VRNOF shares, and their attempt to turn a profit involves exiting markets and selling off pieces of their business. So yeah they might end up profitable eventually but it will be on far less revenue than they're doing now.
Looking like selling off most of my $CBSTF at a loss and moving those funds into $VRNOF last week was a good call
The only companies that will benefit from amendment 3 are TCNNF, VRNOF and CURLF, all OTC markets. Doubt it will affect TLRY.
Not just CBSTF. jUSHI/GTBIF/CXXIF/VRNOF/AYRWF/VREOF/CRLBF
VRNOF is much cheaper than CURA. CURA is just poorly ran. The VRNOF litigation will probably take multiple years and the recent documents make it seem like Goodness doesn't have a strong case
Not been active lately, and not generally bulliish, but it seems to me that MSOS is undervalued based solely on the fact that GTBIF is undervalued. Possibly even CURA is undervalued (I do not own them cause I think they're pretty awful) and due to re-balancing possibly VRNOF is overvalued. (legal action to be determined).
This proves my point that VRNOF is slept on and not many people know that Müv = VRNOF's brand in FL
> Is it? I think he's got a lot of good things to say, but I can't personally get behind this comment. My issue is that I don't know what's coming, and every time there's been a sharp move it's been over in the time it takes me to go to the bathroom The problem is that you're viewing this as predicting the future, when in reality it's reacting to what's happening in the present. He saw the red flags and reacted by getting out early. Other people here might say "well who knew that was coming! this sector is so volatile the charts don't matter! TA is a useless in this sector!" yet the red flags were clear on the chart that it was most likely a top. The FL vote is another good example - why didn't he buy VRNOF or CURLF or any of those other names with FL exposure? Because he saw that TCNNF has been a lead bull all year while those other names have just been weak, so why buy the weak names when the market is clearly showing which name is the winner? I guess if someone wants a lotto ticket in hopes that the weaker names will bounce harder, but that's predicting the future, not reacting to what's happening in the moment, which again, he doesn't do and that's clearly the smart way to play this sector
> Over the last 12 months GTI has outspent all their competitors combined on Capex building out facilities in most states they operate. Last year they spent roughly $200M on Capex building everything out. I think the closest competitor spend like $60M. Interesting. So I checked your numbers because I was curious. It appears that you're pretty close to being correct. Trulieve also appears to have spent a ton, and slightly more than they have. All of the MSOS have been decreasing their CapEx, I'm guessing as the cost of borrowing has increased, or looked to increase for them. Company | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |Total 2023-2019 ---|---|----|----|----|----|----|----|----|---- GTBIF | 125 | 219 | 178 | 187 | 59 | 88 | 731 | TCNNF | 75 | 55 | 193 | 308 | 146 | 74 | 776 | CURLF | 79 | 70 | 134 | 171 | 125 | 82 | 582 | VRNOF | 48 | 36 | 119 | 141 | 60 | 59 | 415 | CRLBF | 32 | 58 | 86 | 96 | 89 | 96 | 425 | I'm not so sure I believe that GTBIF has maximized their possible foot print. I believe in some states they are constrained by law (Ohio comes to mind) but I'm not sure that that is the case in other states, such as Florida or Michigan. In Florida GTBIF owns 20 dispensaries, while TCNNF owns 134. OTOH, GTBIF owns the full 5 store licenses in Ohio, while TCNNF owns only 3. Now I'm not saying that licensing is the only constraint on dispensaries, it's just the easiest to check. I'm sure there are others, like there are on Starbucks or CVS.
So I'm apparently 1/3rd of the volume on $VRNOF today on the OTC markets.. and people say this forum doesn't impact these prices!
I was wondering what was "normal" for these sorts of deals, so I did some digging. You can see how much a company is paying in percentage wise by checking their Interest Expense by their long term debt. Just a few examples- Normal Companies INTC - 1023/48334 = 2% 3M - 1338/11877 = 11% XOM - 933/34406 = 2.7% MSFT - 2983/42688 = 6.8% Pot Stocks GTBIF - 25.9/82.5 = 31.4% TCNNF - 71.6/478.3 = 15% CURLF - 102.9/460.3 = 22.4% VRNOF - 59.2/391.7 = 15% So going from ~30% to ~10% is huge for GTBIF and should save them ~$20 millon on the $150 millon, AND the $22.5 million on the $75 million that's being retired. This is all just napkin math, since I'm not sure what the actual rate was on the debt being retired. It also appears to be variable, based on the SOFR, so expect it to go down. I'm also not sure how to look at up, so if anybody has some pointers I'd been keen to know.
I was wondering what was "normal" for these sorts of deals, so I did some digging. You can see how much a company is paying in percentage wise by checking their Interest Expense by their long term debt. Just a few examples- **Normal Companies** INTC - 1023/48334 = 2% 3M - 1338/11877 = 11% XOM - 933/34406 = 2.7% MSFT - 2983/42688 = 6.8% **Pot Stocks** GTBIF - 25.9/82.5 = 31.4% TCNNF - 71.6/478.3 = 15% CURLF - 102.9/460.3 = 22.4% VRNOF - 59.2/391.7 = 15% So going from ~30% to ~10% is huge for GTBIF and should save them ~$20 millon on the $150 millon, AND the $22.5 million on the $75 million that's being retired. This is all just napkin math, since I'm not sure what the actual rate was on the debt being retired. It also appears to be variable, based on the SOFR, so expect it to go down. I'm also not sure how to look at up, so if anybody has some pointers I'd been keen to know.
and it will continue to go down... from Schwab - VRNOF appears to be consolidating within a longer term downtrend. Shares are presently below the 200-day moving average, which is falling along with the 10-day moving average. However, the Average Directional Index, or ADX, is below 20, indicating that shares have exhibited sideways movement recently. Comparative Relative Strength analysis shows that this issue is lagging the S&P 500.
Hey Vireo Growth isn't doing any dilution and the share prices are holding up very good compared the **sinkhole of Verano's share prices.**.. these numbers show the facts. Actual growth in sales is happening with Vireo Growth plus with Minnesota rec starting in 2025... sales will really take off. * From page 5 regarding Minnesota - The Beneficiaries: From Key States Going Rec "As per our math, the EBITDA delta for Green Thumb under scenario 1 would provide a 26% lift vs. 2023 FactSet estimates. For Goodness Growth (Vireo Growth), the jump would be 370%. **In terms of market cap, the benefit for Goodness Growth (Vireo Growth) would be over 2000%** and over 25% for Green Thumb" [https://zuanic.worldflowconnect.net/open/891e86b4-a51a-46bc-b11b-edb56de5c923/231121%20MSO%20Beneficiaries.pdf/eac09145-9f72-4cdb-a8d6-1b0be6c11b05](https://zuanic.worldflowconnect.net/open/891e86b4-a51a-46bc-b11b-edb56de5c923/231121%20MSO%20Beneficiaries.pdf/eac09145-9f72-4cdb-a8d6-1b0be6c11b05) (from 11/21/2023 - rec sales begin in early 2025) Not even considering the large amount of damages that will likely be rewarded to Vireo Growth from Verano's breach of contract - Vireo Growth is outperforming others and trending upwards. From Schwab - Trend Analysis as of today VREOF appears to be correcting within a longer-term bullish trend. Although its MACD is presently below the signal line, shares remain 17.3% above an upwards sloping 200-day moving average. Comparative Relative Strength analysis shows that this issue is outperforming the S&P 500. VRNOF appears to be consolidating within a longer term downtrend. Shares are presently below the 200-day moving average, which is falling along with the 10-day moving average. However, the Average Directional Index, or ADX, is below 20, indicating that shares have exhibited sideways movement recently. Comparative Relative Strength analysis shows that this issue is lagging the S&P 500. I'm really trying to be helpful here though I am biased as Vireo Growth stockholder. Verano is not a stock to hold IMO. They are not doing shareholders any favors prolonging the pain that will come and that pain may be devestating.. Vireo Growth will not accept any BS offers as they know they are in the right. Remember that in August of 2022 that Verano tried to lower the purchase price by 20% after the fact... Vireo said no. On Sept. 8, Verano proposed a 5% reduction in the value of the deal and said it would waive a New York regulatory approval condition if allowed by the state... Vireo said no.
Personally I'm consolidating my holdings into 2-3 holdings with FL exposure. TCNNF, CRLBF and VRNOF are the 3 whose price is appealing at these levels ahead of the FL catalyst, but may cut VRNOF and just focus on the other 2. Thinking of building out a position in SNDL as well
I believe the easier list to pull would be the ones that are still paying... my understanding is that it's CBSTF, GTBIF and VRNOF. I may be mistaken so let me know if I'm wrong.
VRNOF with under 30k of volume....wow
They likely need the cash asap, so that may happen. Does the deal say whether they were given VRNO shares from the CSE or VRNOF from OTC?
The VRNOF / CBSTF deal closed. Nice.
The underlying share names. CURLF. VRNOF. CRLBF. TCNNF. GTBIF.
Looking for a retrace in the cannabis sector from early 2021 - mid 2022 levels. MSOS would need to break $10, then $20. Could see this happening with more states like FL decriminalizing, 280E / banking reform and DEA announcements imminent. Hodl MSOS, MJ, VRNOF, CRLBF, TLRY and CGC. These companies are not another Medbox (any old timers remember them? Good times). There will be winners and losers so playing MSOS will help spread the risk. The industry needs banking reform. Even most smooth brains understand at this point the ganja is a sacred plant, with unfathomable medical benefits. The current research is limited and just barley the tip of the iceberg. Ergo this (advancing research applications) is how big pharma will eventually eat their cake in order to begin taking market share in the canna industry. Read less: weed stonks to make another run leading into the November US election
Those sell orders on VRNOF at $4.20
2 days in a row MJUS is dumping CURLF and GTBIF??? Adding CRLBF and VRNOF isn't unusual, but why are they dropping so many T1 shares?
Tier 2 MSOS getting some serous love the past 5 days: CURA: -9% GTI: -5% TRUL: -1% VRNOF: +16% CRLBF: +19% TSND: +18%
That's the problem with the ETF. It's split between 4 companies... what kind of ETF is that? Remember that huge debate earlier this year or late last year regarding if the ETF is bringing down the whole sector? I'm no ETF expert but never seen one that has 95% of it's holding in just 4 names (GTBIF, TCNNF, CURLF, VRNOF). [https://advisorshares.com/etfs/msos/](https://advisorshares.com/etfs/msos/)
Tilray (TLRY) has no operations in the US. The top US public companies are: 1. Curaleaf Holdings (CURLF) 2. Green Thumb Industries (GTBIF) 3. Trulieve (TCNNF) 4. Verano Holdings (VRNOF) 5. Cresco Labs (CRLBF) 6. TerrAscend (TSND) Top US public ETF: 1. AdvisorShares Pure US Cannabis ETF (MSOS)
MSOS underlyings (GTBIF, TCNNF, CURLF, VRNOF) all catching a bid here. We retraced 50% of the move up yesterday and I think buyers are stepping in.
Every chart except VRNOF has the same up/down/up/down/up/down chop trending higher all day. Very odd.... Like every buy that sends it higher is just negated by a sell to get it back down even.
Forgive my ignorance on this, but does anyone know if the CBSTF/VRNOF deal was 100% finalized? I thought I saw somewhere that there was some pending regulatory review but I don't know if I'm making that up in my mind. I'm trying to gauge when we should see this on Verano's balance sheet.
I don't either... bought another 1800 shares of VRNOF today. Buy the fear!
When will the rest of the market realize cannabis is a vice product and vice products do well during recessions? MSOS MSOX GTBIF VRNOF TCNNF CURLF CRLBF
US rescheduling isn’t going to save a bullshit Canadian companies stock. Weed is fully legal in Canada, and TLRY has only continued to go down. Take the fuckin hint and sell that shit, buy US MSO’s like GTBIF or VRNOF and actually make some money.
On what platform/website? Tradingview currently shows VRNOF as: >Volume = 1.01M >Avg Vol (30 day) = 526.52K
VRNOF with a giant 260k green candle. Volume at 2x average already....
[Darren Weiss, the President of Verano Holdings Corp. (OTCQX: VRNOF, CA: VRNO), is a lawyer by background and will also comment. https://www.youtube.com/watch?v=yTTQn2Wpj\_8](https://www.youtube.com/watch?v=yTTQn2Wpj_8)
VRNOF +9%. correction from friday? Or something in the oven?
Glad I waited until the 3pm power hour dump. Bought some TCNNF, VRNOF and CRBLF
Wtf is going on with the VRNOF chart?
When tweeting about $VRNOF, Todd Harrison only mentioned /position. Not advisor anymore ? If so, probably is the beat time to buy.
In for a little more pain - bought $VRNOF and a little $MSOX
Anyone want to share price targets? I'm looking for: $1 VRNOF $0.05 CBSTF $4.5 TCNNF $5 GTBIF $2 CURLF We may even bounce 100% from these levels! Better lock in profits this time!
1. CAGR higher than 25% my estimates are even higher 2. Lots of catalysts this month and building on S3, only volume is needed for it to jump to S3 announcement levels. 3. Today Manager DK moving to very large position and calls. Successfully held the rising floor around 7.70 4. I like the stocks 5. I like weed 6. Today is the med to rec switch in Ohio which is going smoother than analysts predicted. 7. The S3 process is going smoother than expected. 8.today from "reformed cannabis industry skeptic and hf manager" ... " cannabis stocks may be embraced in the same speculative way meme stocks have been. After all, if rescheduling and 280E reform is adopted, uplisting is resolved, institutions can buy and the state silo situation is resolved — this is an admittedly low probability but not entirely unrealistic scenario that cannabis becomes a meme. Trump and Cannabis What if, as Hedgeye's Howard Penney mentioned yesterday on Twitter, former President Trump said on the campaign trail...."I will decriminalize cannabis?" Answer: The stocks would rip higher! That said, I am increasing less concerned about resistance to rescheduling. Bottom Line: Reward vs. Risk We are at a likely sentiment extreme as optimism has been thoroughly beaten out of the sector. With MSOS and many individual stock prices at or near all-time lows (in absolute terms and relative to current and prospective cash flows) and given the likely regulatory reforms, the share prices' upside dwarfs the downside (perhaps more so than any time in history). Tactical Strategy Most industry observers (and the consensus) expect cannabis stocks to be lackluster this summer as we are in the "comments period" for rescheduling. But those were the same industry observers (analysts, paid advisors, etc.) have been consistently bullish (and wrong) over the last several years. Now, with the share prices ar such lowly levels they have grown "objective" (tongue in cheek!). It has paid not to listen to them in the last five years and it might not pay to listen to them now. Burned by their past opinions they have become consensus for the first time and I am not sure they will prove correct as markets tend to anticipate and discount the future. I am using the current "comments" window (for rescheduling) to accumulate a large position in cannabis equities. I am almost fearless at these levels — the lower the share prices fall, the more aggressive I will be. The following compilation of recent columns tracks a lot of my recent views and trading/investing activity: I'm Getting Close to Going Back hard into the Cannabis Pool Position: Long MSOS common (M) and calls (S), CURLF (S), VRNOF (S), GTBIF (S), TSNDF (S), TCNNF"
MSOS bulls revving up. Manager Dougie accumulating all week now going in large. A volume spike is the only catalyst needed after this buildup all year. "Coming Up Friday Tomorrow morning I will start out with my opening missive which will explain the case for accumulating an INVESTMENT position in cannabis stocks in June and July —during which the comments period for rescheduling of cannabis to Schedule 3 takes place. Position: Long MSOS common (L) and calls, GTBIF (S), TCNNF (S), CURLF (S), VRNOF (S) BY DOUG KASSJUN 6, 2024 2:10 PM EDT "
"Coming Up Friday Tomorrow morning I will start out with my opening missive which will explain the case for accumulating an INVESTMENT position in cannabis stocks in June and July —during which the comments period for rescheduling of cannabis to Schedule 3 takes place. Position: Long MSOS common (L) and calls, GTBIF (S), TCNNF (S), CURLF (S), VRNOF (S) BY DOUG KASSJUN 6, 2024 2:10 PM EDT"
Dan has said a few times that while he cannot confirm that the MM are buying stocks, he can see their holdings and they continue to increase in this sector. MSOS might have $1b in AUM, but you also have to look at the market cap of the companies in the sector. MSOS is a big fish in a small pond, but they're not the pond. Market Caps: GTBIF - $3.2b TCNNF - $2.6b CURLF - $4.67b CRLBF - $842m VRNOF - $1.4b TSNDF - $616m And these are just the top holdings, they own a lot more besides. So they're roughly 5-10% of the entire market, which is huge, but not the entire pond.
. Load up now while it’s cheap. I like TCNNF, VRNOF, CURLF especially because they have the best free cash flow and they make up a big weight of the MSOS ETF.
For better comparison: | Ticker | LQA EBITDA (Smm) | |--------|------------------------| | CURLE | $306.83 | | GTBIF | $362.19 | | VRNOF | $266.19 | | TCNNF | $423.20 | | CRLBE | $212.64 | | TSNDE | $64.96 | | AYRWE | $116.37 | | CBSTE | $61.22 | | AAWH | $129.90 | | NISHE | $53.40 |
8 minutes in and VRNOF has traded 130 shares. One hundred and thirty!!!
U. S Cannabis MultiState Operators: $MSOS etf $MSOX 2x etf $TCNNF $GTBIF $CRLBF $CURLF $AYRWF $VRNOF $CBSTF
U. S Cannabis MultiState Operators: $MSOS etf $MSOX 2x etf $TCNNF $GTBIF $CRLBF $CURLF $AYRWF $VRNOF $CBSTF
ETF weightings: 1. GTBIF - Green Thumb Industries Price: $12.90 Portfolio Weight: 23.05% 2. CURLF - Curaleaf Holdings Inc Price: $5.87 Portfolio Weight: 22.84% 3. TCNNF - Trulieve Cannabis Price: $11.87 Portfolio Weight: 17.68% 4. VRNOF - Verano Holdings Corp Price: $5.60 Portfolio Weight: 14.11% 5. CRLBF - Cresco Labs Inc Price: $2.02 Portfolio Weight: 5.61% 6. TSNDF - TerrAscend Corp Price: $1.78 Portfolio Weight: 5.52% 7. GLASF - Glass House Brands Price: $9.59 Portfolio Weight: 3.47% 8. AYRWF - Ayr Wellness Inc Price: $2.55 Portfolio Weight: 2.61% Buying the top 3-4 underlying or constructing your own weighted portfolio outside of .75 fee may be your thing too
ETF weightings: 1. GTBIF - Green Thumb Industries Price: $12.90 Portfolio Weight: 23.05% 2. CURLF - Curaleaf Holdings Inc Price: $5.87 Portfolio Weight: 22.84% 3. TCNNF - Trulieve Cannabis Price: $11.87 Portfolio Weight: 17.68% 4. VRNOF - Verano Holdings Corp Price: $5.60 Portfolio Weight: 14.11% 5. CRLBF - Cresco Labs Inc Price: $2.02 Portfolio Weight: 5.61% 6. TSNDF - TerrAscend Corp Price: $1.78 Portfolio Weight: 5.52% 7. GLASF - Glass House Brands Price: $9.59 Portfolio Weight: 3.47% 8. AYRWF - Ayr Wellness Inc Price: $2.55 Portfolio Weight: 2.61% Buying the top 3-4 underlying or constructing your own weighted portfolio outside of .75 fee may be your thing too
ETF weightings: 1. GTBIF - Green Thumb Industries Price: $12.90 Portfolio Weight: 23.05% 2. CURLF - Curaleaf Holdings Inc Price: $5.87 Portfolio Weight: 22.84% 3. TCNNF - Trulieve Cannabis Price: $11.87 Portfolio Weight: 17.68% 4. VRNOF - Verano Holdings Corp Price: $5.60 Portfolio Weight: 14.11% 5. CRLBF - Cresco Labs Inc Price: $2.02 Portfolio Weight: 5.61% 6. TSNDF - TerrAscend Corp Price: $1.78 Portfolio Weight: 5.52% 7. GLASF - Glass House Brands Price: $9.59 Portfolio Weight: 3.47% 8. AYRWF - Ayr Wellness Inc Price: $2.55 Portfolio Weight: 2.61% Buying the top 3-4 underlying or constructing your own weighted portfolio outside of .75 fee may be your thing too
For the uninitiated - MSOS is the ETF largely comprised of the "tier 1" U.S. Multi-state Operators (MSOs): TCNNF GTBIF CRLBF CURLF AYRWF VRNOF CBSTF etc. Buying the ETF is a simple way to diversify in this sector quickly - and the only way to buy into the holdings directly through Robinhood as they are all OTC stocks (until banking laws change). If you are on a trading platform where you can purchase the OTC stocks, you can and should build your own ETF of these underlying stocks instead - the more of us that do that, the more stable the prices will be. If you want a cheat sheet for the stocks to purchase, scroll to the "holdings" section here: [https://advisorshares.com/etfs/msos/](https://advisorshares.com/etfs/msos/)
ETF weightings: 1. GTBIF - Green Thumb Industries Price: $12.90 Portfolio Weight: 23.05% 2. CURLF - Curaleaf Holdings Inc Price: $5.87 Portfolio Weight: 22.84% 3. TCNNF - Trulieve Cannabis Price: $11.87 Portfolio Weight: 17.68% 4. VRNOF - Verano Holdings Corp Price: $5.60 Portfolio Weight: 14.11% 5. CRLBF - Cresco Labs Inc Price: $2.02 Portfolio Weight: 5.61% 6. TSNDF - TerrAscend Corp Price: $1.78 Portfolio Weight: 5.52% 7. GLASF - Glass House Brands Price: $9.59 Portfolio Weight: 3.47% 8. AYRWF - Ayr Wellness Inc Price: $2.55 Portfolio Weight: 2.61% Buying the top 3-4 underlying or constructing your own weighted portfolio outside of .75 fee may be your thing too
ETF weightings: 1. GTBIF - Green Thumb Industries Price: $12.90 Portfolio Weight: 23.05% 2. CURLF - Curaleaf Holdings Inc Price: $5.87 Portfolio Weight: 22.84% 3. TCNNF - Trulieve Cannabis Price: $11.87 Portfolio Weight: 17.68% 4. VRNOF - Verano Holdings Corp Price: $5.60 Portfolio Weight: 14.11% 5. CRLBF - Cresco Labs Inc Price: $2.02 Portfolio Weight: 5.61% 6. TSNDF - TerrAscend Corp Price: $1.78 Portfolio Weight: 5.52% 7. GLASF - Glass House Brands Price: $9.59 Portfolio Weight: 3.47% 8. AYRWF - Ayr Wellness Inc Price: $2.55 Portfolio Weight: 2.61% Buying the top 3-4 underlying or constructing your own weighted portfolio outside of .75 fee may be your thing too
ETF weightings: 1. GTBIF - Green Thumb Industries Price: $12.90 Portfolio Weight: 23.05% 2. CURLF - Curaleaf Holdings Inc Price: $5.87 Portfolio Weight: 22.84% 3. TCNNF - Trulieve Cannabis Price: $11.87 Portfolio Weight: 17.68% 4. VRNOF - Verano Holdings Corp Price: $5.60 Portfolio Weight: 14.11% 5. CRLBF - Cresco Labs Inc Price: $2.02 Portfolio Weight: 5.61% 6. TSNDF - TerrAscend Corp Price: $1.78 Portfolio Weight: 5.52% 7. GLASF - Glass House Brands Price: $9.59 Portfolio Weight: 3.47% 8. AYRWF - Ayr Wellness Inc Price: $2.55 Portfolio Weight: 2.61% Buying the top 3-4 underlying or constructing your own weighted portfolio outside of .75 fee may be your thing too
ETF weightings: 1. GTBIF - Green Thumb Industries Price: $12.90 Portfolio Weight: 23.05% 2. CURLF - Curaleaf Holdings Inc Price: $5.87 Portfolio Weight: 22.84% 3. TCNNF - Trulieve Cannabis Price: $11.87 Portfolio Weight: 17.68% 4. VRNOF - Verano Holdings Corp Price: $5.60 Portfolio Weight: 14.11% 5. CRLBF - Cresco Labs Inc Price: $2.02 Portfolio Weight: 5.61% 6. TSNDF - TerrAscend Corp Price: $1.78 Portfolio Weight: 5.52% 7. GLASF - Glass House Brands Price: $9.59 Portfolio Weight: 3.47% 8. AYRWF - Ayr Wellness Inc Price: $2.55 Portfolio Weight: 2.61% Buying the top 3-4 underlying or constructing your own weighted portfolio outside of .75 fee may be your thing too
Buying them all hand over fist—- fundamentals crushed 1. GTBIF - Green Thumb Industries Price: $12.90 Portfolio Weight: 23.05% 2. CURLF - Curaleaf Holdings Inc Price: $5.87 Portfolio Weight: 22.84% 3. TCNNF - Trulieve Cannabis Price: $11.87 Portfolio Weight: 17.68% 4. VRNOF - Verano Holdings Corp Price: $5.60 Portfolio Weight: 14.11% 5. CRLBF - Cresco Labs Inc Price: $2.02 Portfolio Weight: 5.61% 6. TSNDF - TerrAscend Corp Price: $1.78 Portfolio Weight: 5.52% 7. GLASF - Glass House Brands Price: $9.59 Portfolio Weight: 3.47% 8. AYRWF - Ayr Wellness Inc Price: $2.55 Portfolio Weight: 2.61%
ETF weightings: 1. **GTBIF - Green Thumb Industries** Price: $12.90 Portfolio Weight: 23.05% 2. **CURLF - Curaleaf Holdings Inc** Price: $5.87 Portfolio Weight: 22.84% 3. **TCNNF - Trulieve Cannabis** Price: $11.87 Portfolio Weight: 17.68% 4. **VRNOF - Verano Holdings Corp** Price: $5.60 Portfolio Weight: 14.11% 5. **CRLBF - Cresco Labs Inc** Price: $2.02 Portfolio Weight: 5.61% 6. **TSNDF - TerrAscend Corp** Price: $1.78 Portfolio Weight: 5.52% 7. **GLASF - Glass House Brands** Price: $9.59 Portfolio Weight: 3.47% 8. **AYRWF - Ayr Wellness Inc** Price: $2.55 Portfolio Weight: 2.61% Buying the top 3-4 underlying or constructing your own weighted portfolio outside of .75 fee may be your thing too