Ive been in this position for about 4 months. got in @ .1255 and loaded up with 129 k shares. this chart was made when i bought so about 4 months ago and i just updated it.
ive sold and divided up shares amongst friends so we are all eating I still hold 69k and will keep adding at the 50% fib good luck all aboard "diamond hands" lets goooooooo!
I just found this company, they have 23 dispensaries in 6 different states. Net revenue across MedMen's operations in California, Nevada, New York, Illinois and Florida was $35.6 million for the first quarter, up 31% sequentially. Gross margin improved from 40% to 47% sequentially and retail gross margin improved from 49% to 54% sequentially. They are heavily in debt bu t they could turn it around. Deciding if I should invest in them...good chart!
realeyez
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@BDciocco thanks I live in Florida and am a customer at the dispensary there. So it was a no brainer for me. At this point I’ll be buying into any pullbacks considering how close we are to the end of marijuana prohibition
Ox215
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@realeyez, I live in Florida too! I live in port saint Lucie, moved here from LA but I'm from Philly PA, I love FL, great governor and the people are down to earth, not like LA. I bought 9000 shares of MMNFF today and I couldn't be happier! So glad I got in at under a $1, this will blow up when legalization happens, they are in heavy long term debt but their revenue and profits are bouncing back. the future is bright for cannabis! congrats on your investment friend
MonetaryRebel
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Nice! I got in at $0.19 and the price action recently has finally woken up.
Cool company though. Might consider just holding these shares for a long time and see what happens with legalization in the U.S.