I will be spending some time to do research on this pot business in US vs California and update soonest possible.
I like what I see from the chart here. 3 years of bearish trend being broken out and the breakout is slow and steady, no violent upsurge type. At 0.5205, it is so much cheaper compared to those in California and the potential upside is also higher.
If you have any information regarding POT business, regulations, mergers and acquisitions news, please feel free to share in the comments section.
Thank you and GBU.
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facing some resistance now, it needs to break out of 0.5533 before going higher.
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Nothing is spared with the COVID 19 virus , affecting so many industries.............Never not be afraid....
Twitter world thinks that to be a major MSO you have to have a presence in Florida. With that said, Cresco Labs, who was in the process of acquiring a Florida player and pulled out at the last minute, just took out a line of credit for $100 million. Could this be used to acquire LHS? Who knows but what we do know is that LHS is expanding rapidly, is #2 in flower sales and their THC and low THC #s are getting better and better each week. Also, Florida will eventually go recreational. The initiative probably won't be on the ballot this year, but there is a backdoor chance. Maybe something at the federal level will get done. Financials are out at the end of the month. Should be solid.
dchua1969
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@Tpayne415, Thanks a lot for that information. As it is still within the CNY period and I have too much to eat, haha, I would take longer time than usual to digest all these stock information. Appreciate.