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Cresco Labs Inc. (CRLBF)
Other OTC - Other OTC Delayed Price. Currency in USD
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16,468 reactions on $CRLBF conversation
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Big news! It finally closed.
On the technical side I can't help but notice a reverse head and shoulder pattern forming. A close above 10 would strengthen the technicals on this stock. If word gets out that the Senate includes SAFE Banking in the NDAA this stock soars...
So backing out the $291m. impairment charge they had net income of approximately $21M. for Q3? Is that accurate?
If I were a Cresco short right now I wouldn’t getting too comfortable. The Democrats need some kind of a win, the Safe Act could be that legislation.
“Furthermore, it is anticipated that passage could allow U.S. based public companies listed on the lower-tier Canadian Securities Exchange to uplist onto a major exchange, “which would promote further institutional ownership and liquidity.
So clearly, a lot is at stake for both cannabis business owners and public market investors. It is not an overstatement to call this event a defining regulatory moment in industry’s history—one which could potentially normalize cannabis-related businesses while fostering broader federal legalization reform.”
The post @Andy below is a must read by his re to the Dales Report mj article. This article is a comprehensive look at the NDAA with the imbedded Safe Banking amendment. The article paints a binary outcome for the passage or failure of Safe Banking in the NDAA. If the SB is (stays) included and passes, likely MSOS stocks will soar thru the end of the year, but if Chucky (with the help of Spartacus) decides to pull the plug, look for a big MSOS crash thru year’s end. Kinda like being at the roulette table in Vegas.
Since 11/19 the Etf MSOS added 1,519,523 shs. of CRLBF making it the #4 holding in the portfolio at 8.76%
Love this company!!!!!
and 1/2 ago Marijuana M
Still expecting Cresco to open or take possession of 8 (maybe 9) dispensaries prior to year end. Really nice way to open the new year.
Buy US cannabis stocks. That's who will benefit the far most by legislation
Definately not letting grass grow underneath their feet. Keep on executing !! The longer we have this "moat" in place , the longer the US MSOs have the opportunity to expand.
Ray the loan officer
I'd like to personally thank these weed stocks for battling today. They made sure that today's bloody day on Wall St wasn't so bloody in my portfolios. Onwards and upwards!!!
#GDNSF #CRLBF #AYRWF #FFNTF #GTBIF #TRSSF
Eh, not bad all things considering
Me getting some cresco
Can someone explain to me why states and individual rights are paramount, until they're not? So the voters by 54% vote to legalize MJ, and then the governor has it overturned in court. She calls it a 'social ill' .. probably to friends while sucking down a martini, and taking a drag off her cig.
The South Dakota Supreme Court on Wednesday upheld a lower court’s ruling that nullified a voter-passed amendment to the state constitution that would have legalized recreational marijuana use.
I remember looking at this in my portfolio and wishing I had bought more when it was in the double digits. I decided to remedy that finally by tripling my shares.
JOEke's release of petroleum reserves is like bringing two Triscuits to a Thanksgiving dinner.
It's all optics.
Safe banking act is the key
Safe passes sooner rather then later, momentum is building. Watch and see, anyone buying around 8.00 will be rewarded.
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