Simply Solventless has announced its intention to acquire Delta 9 Bio-Tech, a move described as being for 'basically free.' This acquisition is part of a broader trend within the cannabis sector, where companies are seeking to consolidate and strengthen their positions amid challenging market conditions. The announcement has garnered attention, particularly regarding the financial implications for both companies involved. Additionally, cannabis stocks have shown movement in the market, with the ETF $MSOS rising by 6.44% and $PSIL increasing by 3.33%. Investors are also exploring individual cannabis equities, with notable purchases including $AYRWF at $0.408, $CURLF at $1.49, $TSNDF at $0.593, and $VRNOF at $1.173, as market participants anticipate a potential rebound in January following tax-related selling pressures.
Psychedelics & Cannabis stocks on the move today: $MSOS 🍁 +6.44% $PSIL 🍄 +3.33% https://t.co/S3lwgpxlxE
Today I added to my $MSOS long (from a few days ago) by purchasing positions in the following individual cannabis equities (cost in parentheses): $AYRWF $0.408, $CURLF $1.49, $TSNDF $0.593 and $VRNOF $1.173. I like the entry points of this depressed group. This is the…
I've increased my $HASH.V position. The thesis makes a lot of sense to me. A profitable cannabis company at a cheap valuation using their cash flow to make smart acquisitions of other distressed cannabis companies. Probably the most upside out of any company that I own. https://t.co/j6jGTR1C65