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TerrAscend Corp. (TRSSF)

Other OTC - Other OTC Delayed Price. Currency in USD
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2.6000-0.1400 (-5.11%)
At close: 03:59PM EDT
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  • T
    Tom
    $CRLBF conversation
    Terrific article on where things are heading politically by Natalie Fertig in Politico! If you're not buying now, you don't belong in these $CRLBF $GTBIF $VRNOF $CURLF $TCNNF $TRSSF $MSOS. The share prices have been unabashedly hammered and present incredible value. My 1st half bonus is solid and I just hope they don't start crushing shorts just yet. Soon, but not yet.
  • j
    jj
    $VRNOF conversation
    $MSOS, $AYRWF, $CCHWF, $CRLBF, $CURLF, $GTBIF, $JUSHF, $GRWG, $TCNNF, $TRSSF, $VRNOF This week’s commentary by Alan Brochstein
    Friends,
    Alan Brochstein here! Cannabis stocks finally rallied this week slightly. Since we shared our sector bullishness in this newsletter a few weeks ago, the Global Cannabis Stock Index has actually dropped a lot. The index is up nearly 4% from the multi-year closing low set during this week, and, at 16.34, it is down about 15% in June and has fallen by over 50% in 2022. With little chance of recovering the June loss in the next four days, it appears that this will be the 18th consecutive monthly decline. We will soon detail the performance for the month of all seven of our indexes.

    This weekend in a video for subscribers at 420 Investor, I described how a lot of the stocks I follow are testing or have taken out the lows from March of 2020. Since then, the S&P 500 is up about 77%. Simply put, the cannabis sector has been absolutely hammered. We have shared in the past our reasons for being bullish: the expansion of many state markets into adult-use, the addition of new dispensaries in Illinois and very low valuations in our view.

    We always try to understand the sentiment in the cannabis sector. Right now, sentiment is generally negative, which encourages us as contrarians. When we look at the stocks and the sub-sectors, we see a very oversold market. The Global Cannabis Stock Index made a new 52-week closing low this week at 15.76 on Wednesday. For perspective, we think it's important to remember that the closing low in March 2020 was slightly higher than our close Friday (16.42 then, 16.32 now). It's a near double-bottom!

    The American Cannabis Operators Index is down a bit less than the overall market, having declined by nearly 47% in 2022, while the Ancillary Cannabis Index has fallen by more (53.8%). While the overall Canadian market has declined about the same as the overall market, the largest ones have been sold aggressively. Canadian Cannabis LP Tier 1 Index, which consists of five companies doing more than $30 million in quarterly revenue, has declined more than 56% and trades well below the 2020 low now. Aurora Cannabis, Canopy Growth, HEXO Corp. and Organigram have made recent lows below the 2020 lows, while Tilray still holds above its 2020 low.

    When looking at the prices, there are two factors that we like to assess: oversold and overextended. The way we measure oversold is by comparing to the 150-day moving average, and the 29 stocks on the 420 Investor Focus List are anywhere from 13% to 76% below that level currently. The average is 43% below. This is quite oversold in our view. When looking at a chart, we define a trend as overextended when the 10-dma has been below the 50-dma and the 50-dma below the 150-dma for more than 13 weeks. The stocks are for the most part overextended to the downside, with several names reaching that point in mid-July.

    Cannabis stocks being oversold and overextended to the downside sets us up for at least a bounce if the rally we expect doesn't materialize. Cannabis stocks are very out of favor now, and we continue to believe that this is a good time for investors to increase their exposure.
  • j
    jj
    $VRNOF conversation
    $MSOS, $AYRWF, $CCHWF, $CRLBF, $CURLF, $GTBIF, $JUSHF, $GRWG, $TCNNF, $TRSSF, $VRNOF
    The AUM dropped further to $570.3 millions. The Etf MSOS had several changes to the top ten positions this past week. Position changes:
    GTBIF. +50k
    VRNOF +100k
    TRSSF +100k
    GRWG - 5k
  • j
    jj
    $VRNOF conversation
    $MSOS, $AYRWF, $CCHWF, $CRLBF, $CURLF, $GTBIF, $JUSHF, $GRWG, $TCNNF, $TRSSF, $VRNOF
    The Etf MSOS had no changes to the top ten positions this past week.
    The AUM dropped to $583.9 millions.
    TCNNF is #1 at 17.41%,, CURLF 14.74%, VRNOF 13.76%, GTBIF 13.38%,
    CURLF 7.30%, TRSSF 5.05%, CCHWF 3.92%, AYRWF 3.69% and JUSHF 2.66%. The top 10 make up 82.01% of the AUM.
  • j
    jj
    $VRNOF conversation
    $MSOS, $AYRWF, $CCHWF, $CRLBF, $CURLF, $GTBIF, $JUSHF, $GRWG, $TCNNF, $TRSSF, $VRNOF. Industry commentary from NCV…
    Friends,
    Two weeks ago, we suggested that the Global Cannabis Stock Index, then down 43% in 2022, was likely to bottom before year-end. It has fallen further (by 15.4% subsequently) and is now about 52% lower this year. The bullish factors we cited then are still intact, and we are more interested than two weeks ago at these lower prices. Despite that, we are clearly in a bear market for stocks generally, and our optimism doesn't help in choosing the best time to enter or to expand positions in the cannabis sector. The future looks very bright in contrast to the price action lately, and we want to discuss how investors should be prepared for changes ahead.

    We are expecting big market growth in several states. Illinois is currently increasing its dispensary count by more than 100%. Two weeks ago, we mentioned Eastern states generally. Today, we want to refine that observation and mention New York and New Jersey, both transitioning to adult-use, at the top of the list. Virginia can also be included, and there are some other states like Maryland, Ohio and Pennsylvania that may move to legalize adult-use as well. The big takeaway is that investors need to be ready for strong top-line growth.

    Beyond that, there are other factors investors should understand. First, capital-raising could get challenging. New operations typically consume cash, and not all cannabis companies are in a strong position at this time. Investors need to be in a position to avoid capital raises, as they can now depress the equity price of the issuer substantially.

    A final area that investors should consider is market positioning. There are some multi-state operators that are in many states already and their ability to expand into new states at this time is in question in our view. Simultaneously, there are MSOs that have a more concentrated market presence. The smaller MSOs come to mind, such as Ascend Wellness, Jushi and TerrAscend as well as Planet 13 Holdings. Each of them has new markets coming on now but is also in a position to expand to new markets. The California operators have expansion opportunities as well.

    We remain uncertain about the timing of improved prices for cannabis companies, but, as we said two weeks ago: the current valuations seem too low. We expect prices to rise as the fundamentals stabilize and improve in the future
  • J
    John Dsouza
    In my opinion, this is a major buying oppty at sub $2.50. Cannibis stocks will be UP big before end of year and TRSSF will be in focus a potential takeover target (given its presence in the US and their very positive strategic moves over the last 12-18 months which will lead to incremental revenue for years to come)!
  • A
    Anonymous
    Market cap now at the price paid for Gage. Why?
  • K
    Keith
    $TLLTF conversation
    #Trifecta

    #HorseBetting

    I’ve placed a Trifecta Bet for end of 2023

    I’ve got
    #1 $TLLTF
    #2 $TRSSF
    #3 $TCNNF especially if Nikki Fried wins Florida

    I’ll be buying more of each

    #Winning over $GTBIF $VRNOF $CURLF $CRLBF

    Of course I now own all of the above

    It’s #Percentages and #Math

    #NewYork $TLLTF
    #NewJersey $TRSSF
    #Florida $TCNNF

    Pretty easy
  • R
    RunningScared
    Huge blocks up for sale. Anyone know anything? Looks like 550-600k shares are chasing the bid. This is going to drop hard today? Would love a press release.
  • K
    Keith
    $TCNNF conversation
    My #Model for those paying attention

    $PLUG did 10,000% with me at the helm .30 to $75

    $NBEV did 400%

    $TLLTF will do 400% in next six months on REC NEW YORK Coming

    $TRSSF is my #2 for #Cookies and Jason Wild and millions others #Underwater with just about anything Cannabis !!! The #NewJersey and #Gage Michigan will BUMP $TRSSF starting with Q2 numbers

    #Trulieve $TCNNF is just a LONG TERM Play for Florida Recreational

    Skate to where the Puck is going !!! Follow @wind4me the #TrifectaKing of #Cannabis

    $TLLTF
    $TRSSF
    $TCNNF

    PS IM up 13% $TRSSF , can YOU say that ???
  • D
    Dirtbags
    Not sure how wise it is to be shorting this company considering the following catalysts have yet to be realized.
    1) Revenue from Gage Aquisition.
    2) 6 new stores.
    3) New Jersey rec sales.
    4) Pennsylvania legal banking sector for pot companies.
  • K
    Keith
    Timing is everything

    When all those LARGE LONGS trapped underwater

    Only direction is UP when millions trapped

    The SELLING was last month

    Schumer gonna drop the Critical Mass Nuclear Safe Banking next week
  • r
    ryan
    prez j. wild....jw asset mgmt..
    90.15 million shares, 10K convertible preferred shares, 10K convertible preferred warrants , 1.2 million options and 15.72 million warrants
    just added more to his massive portfolio.. he is at 90 million shares...need a better reason to BUY low!?
  • T
    Trump is the big lie
    What a #$%$ Effing Ponzi scheme
  • j
    jj
    $VRNOF conversation
    $MSOS, $AYRWF, $CCHWF, $CRLBF, $CURLF, $GTBIF, $JUSHF, $GRWG, $TCNNF, $TRSSF, $VRNOF

    The lead story in today’s edition of NCV is about states’ sales figures
    https://www.newcannabisventures.com/cannabis-sales-grow-5-sequentially-to-1-68-billion/
  • j
    jj
    $VRNOF conversation
    $MSOS, $AYRWF, $CCHWF, $CRLBF, $CURLF, $GTBIF, $JUSHF, $GRWG, $TCNNF, $TRSSF, $VRNOF
    The Etf MSOS had no changes to the top ten positions this past week save for a sale of 11k for GRWG. The AUM stayed at $684 millions
  • K
    Keith
    $TLLTF conversation
    ahead.

    We are expecting big market growth in several states. Illinois is currently increasing its dispensary count by more than 100%. Two weeks ago, we mentioned Eastern states generally. Today, we want to refine that observation and mention New York and New Jersey, both transitioning to adult-use, at the top of the list. Virginia can also be included, and there are some other states like Maryland, Ohio and Pennsylvania that may move to legalize adult-use as well. The big takeaway is that investors need to be ready for strong top-line growth.

    $TLLTF $VRNOF $TRSSF
  • D
    Delly Len
    $CURA.CN conversation
    Curaleaf International, Europe’s Largest Vertically Integrated Cannabis Company, is pleased to announce that Medalchemy, the Group’s Good Manufacturing Practice (“GMP”) certified manufacturing site in Alicante, Spain has received approval from the Spanish Health Authorities.

    $CURLF $GTBIF $CRLBF $TCNNF $VRNOF $VEXTF $FFNTF $GDNSF $JUSHF $TRSSF $GRAMF $GAEGF $MSOS $CCHWF

    Real American Companies. Tilroy Pump Clowns will hate 😂😂😂
  • j
    jj
    $VRNOF conversation
    $MSOS, $AYRWF, $CCHWF, $CRLBF, $CURLF, $GTBIF, $JUSHF, $GRWG, $TCNNF, $TRSSF, $VRNOF
    For those who are not on Twitter, here’s the link:
    https://twitter.com/GerberKawasaki/status/1530618377558822912
  • j
    jj
    $VRNOF conversation
    $MSOS, $AYRWF, $CCHWF, $CRLBF, $CURLF, $GTBIF, $JUSHF, $GRWG, $TCNNF, $TRSSF, $VRNOF
    From NCV: Fundamental stats thru 5/27/22 for US$ reporting companies with anticipated next earnings release dates in August 2022
    https://www.newcannabisventures.com/cannabis-company-revenue-ranking/