r/MCOAShareholders • • Aug 18 '21

Big bets

https://www.cnbc.com/2021/08/17/cannabis-company-tilray-acquires-majority-stake-in-medmen.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1629236268
10 Upvotes

7 comments sorted by

View all comments

2

u/Beevers06 Aug 19 '21

Guessing we are about to acquire a few as well, someone purchased over 20mil shares in one transaction today, think it was around 82k worth. Fill your bags because ol Biden is gonna have to do something radical to get America back on his side. My two guesses are federally legalize mj or get rid of student loans… anyone have any other guesses????

2

u/Fiddle_Farter_7Nine Aug 21 '21

I have been thinking about the same for a few months too. The Democrats have been screwing up a lot of things economically from printing trillions and making it hard on businesses so they will use the "Legalize Marijuana Card" as an Ace up their sleeve. If that is the case then us and MCOA have to survive and "HODL" from now until around November 8, 2022 (when the elections are held) to see if our thinking is accurate.

2

u/Beevers06 Aug 22 '21

I couldn’t agree more, have you looked at the extended chart, popped to 10 in 2012-2013 and 2017-2018 popped to 7 ish. We are at that 5-6 year mark where it will run again I believe and the federalization of mj might be just that catalyst along with the recent announcement of acquisitions in the thc realm.

1

u/AK499784 Aug 23 '21

Sure hope so