Toby Channabis 🇺🇸🌿 @mayortoby Twitter profile

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Toby Channabis 🇺🇸🌿

@mayortoby

3 years

Valuation of the largest company in each sector: Pharma: $430b Alcohol: $420b CPG: $370b Soda: $240b Restaurants: $200b Tobacco: $140b Coffee: $140b Cannabis: $7b 😀 Don't overthink this one. $CURLF $GTBIF $TCNNF $CRLBF $VRNOF $AYRWF $TRSSF $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

VP's cannabis update is seeing strong press coverage.. AP, ABC, CNBC, NBC, CNN, NPR, Reuters, WaPo. Exactly what the administration wanted. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

2 months

What a day.. and the news cycle is just getting started. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

5 months

DEA Schedule 3 ruling won't be a "sell the news" event imo.. there's too much money on the sidelines waiting for that signal to buy. $CURLF $GTBIF $VRNOF $TCNNF $CRLBF $TSND $AAWH $AYRWF $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

@SenSchumer @FordhamNYC Cool glasses Chuck.. now can you please put SAFER banking up for a vote so we can protect the 400k+ legal cannabis sector workers?

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Toby Channabis 🇺🇸🌿

@mayortoby

4 months

Biden mentioning cannabis rescheduling during SOTU.. after the public release of the full HHS recommendation.. tells you: 1) White House approves Schedule 3 2) DEA will accept this Coordinated effort. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

2 months

Dear @DEAHQ , DEA received HHS recommendation 8 months ago. The VP, Heads of HHS & FDA, Congress members & your constituents.. are publicly questioning DEA's delay. DEA should provide its ruling or give transparency into the process.

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Toby Channabis 🇺🇸🌿

@mayortoby

9 months

The SAFER Banking Act would allow credit card co's to provide services. Seems significant. $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

HHS didn't write 252 pages recommending Schedule 3 just for kicks. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

11 days

Just learned a large $90b pension plan recently invested >$100m in a leading cannabis focused fund. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

9 months

Timely reminder on Rescheduling: 1) vastly more important than SAFER (bye 280E) 2) doesn't require congressional action 3) already in process $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

4 months

Respectfully.. Cannabis investors & advocates are a small community as it is. Let's appreciate everyone who contributes.. those that post quantitative data.. make memes.. host spaces.. call out politicians.. read charts, etc.. Same team. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

9 months

Most cannabis investors on Twitter know significantly more about the sector than 99% of global institutional capital.. for now.. $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

4 months

It's evitable. $MSOS #LegalizeIt #cannabis

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Toby Channabis 🇺🇸🌿

@mayortoby

3 years

Napkin math. MSO's trade at 8x 2023 EBITDA while offering 25% profit growth. S&P trades at 12.8x for 8% growth. Giving MSO's the same multiple/growth ratio suggests MSO's *should* trade at 40x. Easy to see the 5x rerating opportunity. $CURLF $GTBIF $TCNNF $CRLBF $VRNOF

🇺🇦 Free CashFlow

@cashflow_free

3 years

@cannabisinves11 Revised comp sheet fixing '21 ev/ebitda valuation for $CRLBF and $VRNOF that were incorrectly showing '20 valuation figures for those 2 cells. All of the other 198 valuation figures were and remain correct. 🙏 👀🔍 @cannabisinves11

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Toby Channabis 🇺🇸🌿

@mayortoby

5 months

Whether the DEA proposed ruling is released next week or in a few months, very little chance they go against the HHS S3 recommendation (especially as news of it becomes more mainstream). This is a coordinated effort. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

10 months

Reasonable to think the HHS rescheduling recommendation IMPROVES the chances for SAFE Banking, right? $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

2 months

While the rescheduling process is still with DEA.. the American Medical Association has now published 2 separate reports in April saying cannabis legalization doesn't lead to increased youth usage. Coincidence? $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

2 months

SAM has pivoted their efforts to stock manipulation & trolling investors.. instead of engaging govt appointees involved in Rescheduling.. shows they accept Schedule 3 will be confirmed. This is bullish. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

Jefferies published a 100+ page thesis refresher on US cannabis. Seems the largest bank to cover the sector is confident in the potential for more institutional interest. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

2 years

My IT dept is working on a clean recording of yesterday’s Spaces with $CURLF Chairman @Boris_Jordan . *By “IT dept” I really mean me so stay tuned 😀.

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

The Cannabis Investor's Trifecta: 1) Schedule 3 2) SAFER + AG memo 3) FL & PA legalize All potentially in 2024. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

Almost everything is pointing to Schedule 3.. except the stock prices. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

Prohibitionists SAM says rescheduling could be "soon" & asking supporters to message POTUS & Congress. Datapoints keep stacking up. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

White House pushing cannabis reform & mentioning rescheduling again today.. while knowing HHS recommended Schedule 3 & Kamala called on DEA to "get to it quickly". It all seems so scripted. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

5 months

$MSOS was $15 on hopes of only a banking bill. At $8 today and we have strong prospects for Rescheduling, some big states flipping AU, normalized taxes, & increased profits.. on top of much stronger biz models. $CURLF $GTBIF $VRNOF $CRLBF $TCNNF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

8 months

Same-sex marriage was legalized by SCOTUS in 2015.. when it was legal in 37 states & with 58% popular support. Compare that with Cannabis.. legal in 38 states & with nearly 70% popular support today. $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

2 months

Imminent DEA proposed ruling hugely increases the chances that Schedule 3 will be finalized before the election. This has been coordinated & orchestrated since POTUS ordered the rescheduling review. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

1 month

Prediction: we will see the final rule reclassifying cannabis to Schedule 3 by the time of the Democratic National Convention in mid August. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 years

Daily swings in stocks irrelevant to LT investors. Both Dems and GOP are jockeying for control of cannabis reform. Mace's bill is a big de-risking catalyst. Top MSO's are cashed up and generating profits. It's "when" not "if". $CURLF $GTBIF $TCNNF $CRLBF $VRNOF $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

4 months

Don't say it much but wanted to express my gratitude for this community. Too many accounts to name that are all adding value in complimentary ways. Thankful for those that just passively follow/read/listen too. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

We're at the stage where Schedule 3 is a 90% certainty.. while maybe only 5% of retail investors and 1% of institutional investors even know about the sector. We'll need more media coverage for the stocks to work much higher. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 years

I value this $CURLF refinancing at ~7% accretive to shareholders. Back of envelope math. $20m potential interest savings at 25x multiple = $500m Bigger takeaway is that credit markets are very open for 🇺🇸 cannabis even without SAFE. $MSOS

Boris Jordan

@Boris_Jordan

3 years

Super proud of the @Curaleaf team– today’s debt offering raises $425M at 8% interest, reducing cost of funding by 700 basis points from Jan. 2020! Major milestone for us AND the industry- largest debt offering ever for a US-based cannabis Co. $CURA $CURLF

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Toby Channabis 🇺🇸🌿

@mayortoby

2 years

🇺🇸 cannabis current menu: *Appetizers* SAFE Better cost of capital *Mains* Re/descheduling review Uplisting Institutional ownership ⬆️ 280E reform More states legalizing Investments from strategics ⬆️ $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TRSSF $MSOS $PSDN

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Toby Channabis 🇺🇸🌿

@mayortoby

4 months

Germany legalizing cannabis is an important milestone. It's the 3rd largest country in the world by GDP & most populous EU member (85m people). $CURLF $GTBIF $VRNOF $TCNNF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

9 months

Can't overstate how significant Schedule 3 would be for Cannabis. e.g. Curaleaf expects $150m+ of tax savings (cash flow).. which with 280E today, would have taken a TRIPLING of sales to produce (per @Boris_Jordan ). $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

Strongly agree with others' take on this.. Recently increased rhetoric from the prohibitionists = further confirmation that Rescheduling & SAFER is closer than ever. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

1 month

Biggest surprise from today is the coordinated videos/messages from POTUS, the VP & the DOJ on Rescheduling (as OMB approval & NPRM was expected). Shows it's a priority & completely orchestrated. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

9 months

Name another potential $100+ billion market where stocks have been deserted.. with multiple significant catalysts on the horizon? $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

2 years

Released by popular demand.. My chat with Curaleaf Executive Chairman @Boris_Jordan . I know the Twitter community appreciates his engagement. Also 🙏 to @march2millions for helping edit this. $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $MSOS

Curaleaf Executive Chairman Boris Jordan on Toby Channabis Twitter...

null

www.youtube.com

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Toby Channabis 🇺🇸🌿

@mayortoby

3 years

A year from now we will likely see: *cannabis on $30b run rate *Top MSO's strongly growing EBITDA/FCF ($ > %) *NJ launched *optimism for NY 2023 *closer to rec in FL, PA, & OH *cost of debt improved *SAFE enacted *path to eventual uplisting Forest > Trees.

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Toby Channabis 🇺🇸🌿

@mayortoby

9 months

Me this weekend trying not to "bore" friends/family by talking.. MSO's, Rescheduling, SAFE, Senate markups, AG memos, 280E, uplisting, yada yada yada.. $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 years

Just listened to @bcobblaw on his 18th podcast this month. If SAFE passes in '21, much respect for his work and dedication. If not, much respect for his continuing work and dedication. Big props either way. $CURLF $GTBIF $TCNNF $CRLBF $VRNOF $TRSSF $AYRWF $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

10 months

Potential catalysts on deck for 🇺🇸 cannabis: Schedule 3 no 280E SAFE Banking Garland memo FL/OH/PA legalization Better/leaner biz models Uplisting ..all while $MSOS still -50% from Dec 2022 SAFE peak. $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND

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Toby Channabis 🇺🇸🌿

@mayortoby

3 years

Fact of the Day from @Bkov9 at $GTBIF: Illinois collected more tax revenue from cannabis than alcohol in February 2021.

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Toby Channabis 🇺🇸🌿

@mayortoby

8 months

Huge generational gap between who voted YES (orange) vs. NO (purple) on cannabis in Ohio's election. Rescheduling or legalization inevitable. (source: NBC News) $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

2 months

Good chance most cannabis biz's never pay another dollar of 280E tax ever again. Stocks haven't even begun to price that in. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

7 months

If Schedule 3's confirmed, stocks could double & still be wildly undervalued. Makes sense that larger investors would just wait & pay up for certainty. $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

Still think this Rescheduling review is coordinated & scripted.. so would expect to hear *something* during what the WH deemed to be "Second Chance" month. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

5 months

Reminder: the DEA has never rejected a HHS rescheduling recommendation. $CURLF $GTBIF $VRNOF $TCNNF $CRLBF $TSND $AAWH $AYRWF $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

1 month

The fact that DEA didn't sign the proposed rule doesn't matter: 1) AG Garland (the DEA's "boss") signed it 2) Biden (DOJ's "boss" ) strongly promoted Schedule 3 3) OLC opinion looks strong Schedule 3 highly likely. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 years

Guessing @JasonGWild doesn't need to know exactly when SAFE will pass. Maybe he only checks on his portfolio a couple times daily. He might even have a time horizon longer than a month. Be more like JW. $TRSSF $MSOS

The Dales Report

@TheDalesReport

3 years

More @JasonGWild , with the most beastly insider buying we can recall. Another ~$188k of reported common shares purchases today and $1.746M reported yesterday (21 Tx between both days). By our rough math, Jason has purchased ~$3.7million in $TRSSF stock since November 19th.

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Toby Channabis 🇺🇸🌿

@mayortoby

2 years

Told an institutional investor that's buying 🇺🇸 cannabis that they must be a bit lonely being one of the first. Their reply? "That's when we often generate our best returns". Well said. $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TRSSF $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 years

Which MSOs charts should you be looking at? Needham shows top MSO's revenue up and to the right. Stock prices are the other way. This is what I call a huge opportunity. $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

4 months

Bad news: institutional capital doesn't own US cannabis. Good news: institutional capital doesn't own US cannabis yet. $CURLF $GTBIF $VRNOF $TCNNF $CRLBF $TSND $AAWH $AYRWF $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

9 months

Potential catalysts for Cannabis: 1) Rescheduling (Schedule 3 most important) 2) New states (FL/OH/PA) 3) SAFER / AG memo 4) Uplisting 5) Fundamentals (growth & cash flow) $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

DEA seems to be boxed into moving cannabis to Schedule 3. No logical way for them to justify Schedule 1 or 2. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

2 years

Please take a walk on the Wild side with myself and TerrAscend Executive Chairman @JasonGWild . This will be recorded. $TRSSF $MSOS 🇺🇸🌿

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Toby Channabis 🇺🇸🌿

@mayortoby

10 months

$MSOS now positive YTD. +14% YTD +62% in 5 days -37% in 1 year still -85% from the Feb 2021 peak $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

4 months

Me trying to explain rescheduling, HHS, DEA, Schedule 3, SAFER, 280E, Tier 1's, uplisting, etc.. to the "normies". $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

2 months

We've cleared the highest hurdle with HHS Schedule 3 recommendation.. the DEA seems boxed in & almost has to agree.. and comment period won't change HHS & DEA's decision. Schedule 3 is just a matter of time. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

4 months

We have a detailed 250+ page HHS recommendation (historic).. press saying DEA ruling soon.. & politicians getting louder (frontrunning decision?). Schedule 3 is still the most likely outcome.. don't let stock prices or sentiment convince you otherwise. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

5 months

If/when Schedule 3 confirmed, the largest MSO's would each see $100m+ of annual tax savings (Curaleaf $150m+). 20x multiple on $100m = $2 billion of value ($3b for Curaleaf).. on current mkt caps of $1-3.5 billion. $CURLF $GTBIF $VRNOF $CRLBF $TCNNF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

10 months

Significance of Schedule 3 rec still underrated by the market. Cannabis sector has made investors skeptical (understandably).. but this is way more meaningful than "SAFE in NDAA" chatter (when $MSOS saw $14). $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND

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Toby Channabis 🇺🇸🌿

@mayortoby

8 months

If Ohio approves cannabis by a wide margin (60%+).. that would be just as (if not more) important than SAFE to the bull thesis imho. $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

1 month

New AP article says: 1) DOJ signing Schedule 3 NPRM been planned since at least March 2) some DEA people think it politically motivated 3) implies Biden wants it done before election This is bullish. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

8 months

GTI and Verano showing real Free Cash Flow (after 280E) while competing with a larger untaxed illicit market.. is like running a marathon with 20 lb ankle weights. How fast can they run in a Schedule 3 world? $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

VP just gave this update on cannabis rescheduling (loose quote): “I cannot emphasize enough that we want them to get to this as quickly as possible.. I’m sure the DEA is working quickly and we look forward to hearing their work”. The message is clear. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

10 months

UPLISTING is the real IPO for cannabis co's. Until then, MSO's are semi-private co's trading in an inefficient market. $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

5 months

Best guess on $MSOS upside from $10: S3 proposed ruling & AG memo = $20 S3 final ruling, FL/PA pass & credit cards = $30 Uplisting & strategic acqn of MSO = $40+ *using $MSOS as proxy $CURLF $GTBIF $VRNOF $TCNNF $CRLBF $TSND $AAWH $AYRWF

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

You know we’re super close to cannabis reform when a few senators mention a stale/irrelevant UN treaty, ask DEA not to act on “political” reasons & SAM does a victory lap. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

2 months

SAM saying Schedule 3 soon. DEA said comment period likely. DEA supply chain conference tomorrow. It’s still “Second Chance” month. Timing is anyone’s guess though. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

5 months

Valuing 280E savings at reasonable multiple = 100-200% of current mkt caps for many. Then add potential for: new states, institutional participation, uplisting, strategic investments.. $CURLF $GTBIF $VRNOF $CRLBF $TCNNF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

Put aside rumors and look at facts. YTD we've seen: 252 page Schedule 3 recommendation SOTU mention HHS leader Becerra firmly defending S3 VP hosting public forum (today) $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

UPDATE: post has been deleted as SAM realized more people used their link to express support for rescheduling (than opposing it). Geniuses, right?

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

Look at the VP’s words, tone & body language (mentions marijuana safer than heroin which is Schedule 2 twice).. It’s clear the WH is in charge here & DEA almost has to accept Schedule 3. $MSOS

Jason Wild

@JasonGWild

3 months

I’ve listened to this 20 times.

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Toby Channabis 🇺🇸🌿

@mayortoby

3 years

Germany's legalization of cannabis is important bc: 1. Pressures 🇺🇸 to at least do something 2. Shows how quickly positive reform can happen 3. Validates $CURLF EMMAC acqn 4. Other MSO's may start evaluating a global strategy Btw 🇩🇪 ranked #4 in global GDP. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

MSO stocks would be at least double today's prices imo.. if they had US big board listings & increased trading volume. Curaleaf would conservatively be $10-15. $CURLF $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

9 months

In <30 days, we've seen: 1) HHS Schedule 3 recommendation 2) first ever Senate introduction of a cannabis banking bill. Putting recent stock action aside, these are HUGE steps toward normalization. $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

April likely to be a pivotal month for the cannabis sector: 1) FL Supreme Court ruling on ballot question (April 1) 2) DEA rescheduling ruling? 3) SAFER progress? 4) More comments from POTUS or the VP? $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

MSO's should spend huge $ on the FL ballot campaign ($100m+). Ensuring a "yes" on legalization not only opens up the most important market to MSO's to date.. but also sends strong signal to DC & other red states. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

2 months

Will say it again: this whole Rescheduling process is 100% controlled by the White House. If they want it finalized before the election (or pre-voting), it will be done. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

8 months

Realize the sector is starved for a fed reform catalyst but.. SAFER isn't a thesis (allowing credit cards would be nice though). The thesis is: Schedule 3 + new states + improving biz models + uplisting. $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

10 months

Investors only see outsized returns when buying BEFORE significant catalysts. Key is having confidence in the thesis & catalysts before they're universally accepted. $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

Desantis' opinion on FL ballot is irrelevant. FL already one of largest markets ($2b+) with just med. Citizens want legal cannabis & will vote accordingly. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 years

All these fundamental catalysts are still on deck. $MSOS +20% move in a week is an anthill compared to the mountain of Growth + Multiple Expansion that we'll see. $CURLF $GTBIF $TCNNF $CRLBF $VRNOF $TRSSF $AYRWF $MSOS

Toby Channabis 🇺🇸🌿

@mayortoby

3 years

A year from now we will likely see: *cannabis on $30b run rate *Top MSO's strongly growing EBITDA/FCF ($ > %) *NJ launched *optimism for NY 2023 *closer to rec in FL, PA, & OH *cost of debt improved *SAFE enacted *path to eventual uplisting Forest > Trees.

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Toby Channabis 🇺🇸🌿

@mayortoby

2 years

Yep, we're still early. 🇺🇸 cannabis $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $CCHWF $AYRWF $TRSSF $JUSHF $PSDN $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

1 month

Historic day as cannabis rescheduling was officially published in the Federal Register today. This whole process is unprecedented with it being planned & coordinated at the highest levels of the US executive branch. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

10 months

Imho.. cannabis stocks likely to be uncorrelated to the broader equity markets in next 12+ months.. just like it was for past 2+ yrs. $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

4 months

The DEA has to pound their chest & appear to be independent. Very likely "their" decision has already been made.. and made for them by the White House. Schedule 3. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

2 months

Schedule 3 is supported by: Science & facts (HHS, AMA, etc) Popular opinion (70% favor legalization) Political will (POTUS needs votes) $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

LinkedIn post says rescheduling update may be imminent.. $MSOS at $10. First time cannabis reform is mentioned in SOTU by any President.. $MSOS at $8. Welcome to cannabis investing.

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Toby Channabis 🇺🇸🌿

@mayortoby

2 years

Being a LT bull on the US cannabis sector has meant believing: 1) biz's would eventually evolve into a "legitimate" sector like others 2) inevitability of state/fed catalysts Still much work to do.. but today is a huge positive step in the right direction.

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Toby Channabis 🇺🇸🌿

@mayortoby

4 months

$MSOS at same price as 16 mo's ago when WH initiated the rescheduling review.. despite a 250 page HHS recommendation that strongly supports Schedule 3. Definitely surprising but also not really surprising, right? $CURLF $GTBIF $VRNOF $TCNNF $CRLBF $TSND $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

Ascend will file for tax refunds & won't pay 280E going forward (like Trulieve). There's strength in numbers & more MSO's doing this raises the odds of success in challenging this unfair/unconstitutional tax rule imho. $CURLF $GTBIF $TCNNF $VRNOF $CRLBF $TSND $AAWH $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

1 month

Reminder: Schedule 3 is far from being priced into cannabis stocks. $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

5 months

Cannabis CEO’s are allowed to have a sense of humor too. It’s a hat contest lol.. $GTBIF $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

You can either be frustrated by $CGC rocketing while $MSOS yawns.. or confident as it's a blueprint for where MSO's go upon tangible catalysts. I'm bit of both.. but more the latter.

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Toby Channabis 🇺🇸🌿

@mayortoby

2 months

The DEA Supply Chain conference is at the Four Points Sheraton in Little Rock next week. Lobby bar would be a good place for some due diligence... $MSOS

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Toby Channabis 🇺🇸🌿

@mayortoby

3 months

Blumenauer for President 2024. $MSOS

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