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Preston

The Artist Formerly Known as Goldust
Much needed low volume pullbacks in the weed patch. I trimmed Bloomies at a buck 13 as well but the pullbacks here are making it possible for a late day surge. The setup is there. We shall see.
 

CH1

The Artist Formerly Known as chiggins.
Trimmed VEXT at a buck. Swapped some Thumb at 39.35 for AYR at 38.15 earlier. Other than that, just relaxing today. Life is good again in weedville.

I'm sorry to read that...I really hoped you and I would join forces to become minority shareholders and fire those 3 guys on the website
 

Preston

The Artist Formerly Known as Goldust
I'm sorry to read that...I really hoped you and I would join forces to become minority shareholders and fire those 3 guys on the website
I had an unreasonable amount! Made a big buy at 79c to get my average down to 83c. 'Twas a good payday.
 

Preston

The Artist Formerly Known as Goldust
Thumb basically went vertical in a 25% move. Crazy. Wanna see if it holds 37.30. Could be a decent bottom fishing play (or one could wait till they see bull volume pouring in again and acting on that, while perhaps missing some of the move). Like the volume on this dip.
 

CH1

The Artist Formerly Known as chiggins.
Thumb basically went vertical in a 25% move. Crazy. Wanna see if it holds 37.30. Could be a decent bottom fishing play (or one could wait till they see bull volume pouring in again and acting on that, while perhaps missing some of the move). Like the volume on this dip.

Fuckin' Mindzeye sold the big chunk he bought a few days ago.

Props to him, but the whale could at least warn us when he's done selling.
 

Preston

The Artist Formerly Known as Goldust
No one left to buy our drug stonks today. Can't imagine many will want to hold Thumb over a long weekend. Lotta headline risk there. Flush possible.
 
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CH1

The Artist Formerly Known as chiggins.
No one left to buy our drug stonks today. Can't imagine many will want to hold Thumb over a long weekend. Lotta headline risk there. Flush possible.

they be buying them next week after nothing comes out over the weekend
 

Preston

The Artist Formerly Known as Goldust
Yeah I'm considering adding back a bit of what I trimmed earlier if I get more dump from here. I figured this would happen. Pretty damn good pullback from highs today.
 
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Preston

The Artist Formerly Known as Goldust
Okay, Chicago Tribune. Your move. Didn't end up buying more .Took advantage to drop a lot of my VEXT at a buck so I'm lighter overall heading into Monday. Took off some Bloomies at 1.13 as well.
 

CH1

The Artist Formerly Known as chiggins.
I bot and sold some Thumb (off my levels) for about +.60 but still kept some of my extra.
 

Preston

The Artist Formerly Known as Goldust
109m in sales for Illinois in March. A record 36% increase from February. 200% growth from last March. Yowza.

Q4 2020 sales: ~237m
Q1 2021 sales: ~279m

Almost 18% qoq growth.

/Position thumb and cresco
 
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Preston

The Artist Formerly Known as Goldust
109m in sales for Illinois in March. A record 36% increase from February. 200% growth from last March. Yowza.

Q4 2020 sales: ~237m
Q1 2021 sales: ~279m

Almost 18% qoq growth.

/Position thumb and cresco
Note this doesn't include the 32+ milly in medical sales. Would put march at 140+ milly, a ~1.7b run rate.

There was a deadline for many small folks to opens stores before March 31st so this is likely what drove growth here. 22 of the 26 stores opened in the last half of the month so April will be even bigger. Thumb and Cresco have been wanting more stores to open for awhile. Helps their wholesale operations bigly.
 

Preston

The Artist Formerly Known as Goldust
As for q1 earnings that'll be fired off in May...
I still think it looks similar to Q4 before we start seeing a ramp up into the spring/summer. Most of thumbs big store openings were in March so they wont show a full contribution, plus the typical seasonal weakness in winter. The Illy March numbers likely means thumb and Cresco took a good portion of it since they're the #1 and #2 wholesaler (Cresco is tops so they may have had the best month), and it looks like thumb steadily spent $25M/quarter in CapEx throughout 2020. So cultivation deffo came online.. could just be mostly from NJ and Maryland ramping up but it's hard to say since their disclosure is balls.


Presto Prediction: around 10% qoq growth and they land somewhere around $193-197 milly with the usually elite profitability. Would love to see the number start with a 2 tho. I think Q1 will be last quarter of modest growth from these companies that we'll see for awhile. Should get mucho better, particularly in the second half of 2021.
 
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Preston

The Artist Formerly Known as Goldust
As expected trulieve has gotten closer to maximizing their PA assets with a nice crisp acquisition today. Feels like a cheap buy on first glance. Tidy work by Kim.
 
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