stocksonly➡️🆙

Green means go!

[stocksonly➡️🆙 @TheGreenMember]

Unreal. It’s finally here. $TRUL $TRLV

[Trulieve_IR @Trulieve_IR]

Trulieve Announces Uplist to NYSE $TCNNF $TRUL Soon to be TRLV! https://t.co/8SApchtLWx

[stocksonly➡️🆙 @TheGreenMember]

@RealPeterLinder Prepare to be very disappointed.

[stocksonly➡️🆙 @TheGreenMember]

$MSOS 👀

[Graham Farrar @grahamfarrar]

Putting this down as the news of the morning.

TSA updates its policies to allow medical marijuana in checked and carry-on bags.

https://t.co/2NPPqHnd95

[stocksonly➡️🆙 @TheGreenMember]

Then PayPal should buy them all.

[zerohedge @zerohedge]

Blockbuster should announce it is buying Gamestop while it is buying Ebay

[stocksonly➡️🆙 @TheGreenMember]

$MSOS

[Kim Rivers @rivers_kim]

Not following that logic. Under the treaty only medical could be rescheduled due to international law. That was the fastest path so the administration took it to get something done today. The rulemaking process had been stalled and just got not only unstuck but expedited. That process reschedules all marijuana and will be completed within months.

[CNBC @CNBC]

Trump administration reclassifies cannabis in major shift that could expand scientific research https://t.co/VblnOMAfaY

[Clash Report @clashreport]

Trump’s administration reclassified state-licensed medical marijuana from Schedule I to Schedule III, meaning it’s now considered less dangerous under U.S. federal law.

Source: AP

[Shrek 420 @Shrek_420_]

What a beautiful paragraph.

$MSOS

[stocksonly➡️🆙 @TheGreenMember]

$MSOS

[Acting AG Todd Blanche @DAGToddBlanche]

Under the decisive leadership of @POTUS, this Department of Justice is delivering on his promise to improve American healthcare. This includes:

• Immediately rescheduling FDA-approved marijuana and state-licensed marijuana from Schedule I to Schedule IIl

• Ordering a new, expedited hearing with set deadlines, to fully reschedule marijuana

These actions will enable more targeted, rigorous research into marijuana's safety and efficacy, expanding patients' access to treatments and empowering doctors to make better-informed healthcare decisions.

[Shrek 420 @Shrek_420_]

Oh my god.

"The Administrator encourages the Secretary of the Treasury to consider providing retrospective relief from Section 280E liability for taxable years in which a state licensee operated under a state medical marijuana license."

$MSOS

[stocksonly➡️🆙 @TheGreenMember]

🌕 🚀 $MSOS $GTBIF

[ABC News @ABC]

JUST IN: Acting Attorney General Todd Blanche has signed an order reclassifying state-licensed medical marijuana as a less dangerous drug. https://t.co/QgE2iI1mLN

[Dustin @DustinHuntwn]

$MSOS $TLRY $CGC Trump Wants Todd Blanche to Finalize Marijuana Rescheduling as Interim Attorney General

“When Trump signed the rescheduling executive order and said he wanted the process completed expeditiously, he meant it”, the senior Trump advisor said. “He does not want any further delays in getting the plant rescheduled. That is especially true given that he made it clear to Pam he wanted it done before the launch of the CMS program.”

[stocksonly➡️🆙 @TheGreenMember]

Funniest thing I have ever read.

A guy runs a paid service and then tells his followers not to follow his investments.

[Luv Wadhawan @luvwadhawan1994]

@TheGreenMember @TheGreenMember - in order to be successful, One don’t have to be and One can’t be correct on all investments (otherwise he/she would be god) .

@PronkDaniel always suggests all of his Patreon members and viewers to do their own research and not follow anyone in his investments.

[stocksonly➡️🆙 @TheGreenMember]

@luvwadhawan1994 @PronkDaniel Lolol. Why do you pay him if you don’t follow his investments. Jesus Christ 😂

[stocksonly➡️🆙 @TheGreenMember]

Wow I’m shocked this deep analysis of $GSY dividend yields and PE ratios didn’t pay off for his 260k YouTube followers.

[Daniel Pronk @PronkDaniel]

You have to take ownership of mistakes. I got creamed on $GSY.TO

Currently it's the largest loss I've had as an investor, and I've learned a ton of valuable lessons. It's definitely a setback, though.

The one thing that controlled this from being a truly terrible loss was me trimming in the 180s on the way up, and not adding aggressively on the way back down.

But that doesn't make up for it. It's time to learn, refocus, and move on.

[stocksonly➡️🆙 @TheGreenMember]

$MSOS

[Anthony Martinelli @AMartinelliWA]

President Trump is expected to sign an executive order this summer establishing a commission to study marijuana descheduling, according to two sources who spoke with The Marijuana Herald. https://t.co/XQ33QmnAzW

[stocksonly➡️🆙 @TheGreenMember]

Prob gonna be a double from this post at this point lol $CNQ

[Nugget Capital Partners (NCP) @NuggetCapital]

At the end of the day, the guys who are buying $CNQ are almost always the same crowd - that's why. As NCP has been cautioning for the past few years, there is no incremental bidder here. Every 1-2 guys on BNN take it still as a pick. No rotation. No buyback. Never 2 late to learn

[TechStockFundamentals @TechFundies]

Went through $XYZ to rubberneck. I've followed this company relatively closely since it came public as well as $TWTR so generally have a good feel for what's going on.

Jack is an incredible product CEO. Amazing hits with Twitter, Square point-of-sale, and CashApp. Truly a product genius.

That being said, his ability as a business operator has been consistently disappointing.

$TWTR never evolved past group discourse and was just monetized as cheap ad tonnage. It was an incredibly bloated company that meandered until it was bought.

$SQ (original $XYZ) had a great low-end point-of-sale system sold online. However, the company failed to make meaningful moves up-market largely due to the strategic decision to not have sales reps which opened the door for Clover and $TOST to seal off that opportunity. Then they completely missed most of the online opportunity which $SHOP dominated. They literally only started hiring field sales within the last year which is like showing up to a party a decade late.

$SQ CashApp did great for peer-to-peer payments but the product literally did not evolve for a decade. It added bitcoin and stocks, and eventually a debit card. Despite having the initial lead, they lost P2P mindshare to Venmo / Zelle, lost asset trading to HOOD / COIN, lost BNPL to AFRM, APT, KLAR, etc. They lost the ability to build a closed financial network to Stripe / V / MA (though never really had a chance given their assets).

Then $XYZ purchased APT which was orthogonal at best at a massive price and distracted the business. It took years for it to be integrated and still isn't there.

Then $XYZ bought Tidal to have Jay-Z on the board.

Most recently, the company is still investing in proprietary Bitcoin wallets / servers, and focused on "neighborhoods" whatever that means.

The internal organization of the company has been adjusted for several years now and the presented logic hasn't ever really made much sense. First they were separate BUs, then some shared resources, and now who knows how they intend to structure the business.

So tonight we learn they are laying off 40% of the company. The cited reason is AI improvements to coding. They spend 3b / year on R&D! Even if fully-loaded cost is $500k / year that is 6,000 engineers. Doing what, I have no clue for a set of products that haven't evolved much at all.

They also spend 2b / year on G&A which I'm guess has a lot of fat in it as well.

Long way of saying I'm pretty sure this has more to do w/ the company just being far too bloated from all the mistakes made above, and not AI advancements scorching the earth.

Respectfully, the CEO splits his time between SF and Costa Rica (apparently mostly remote in Costa Rica these days), spends 2 hours a day meditating when not disappearing for 10 day retreats, etc. That's all pretty awesome and I'm honestly happy for him. Also he controls the vote at $XYZ so he can do whatever he wants.

That being said, I wouldn't hire him to run a business (definitely would hire him to be chief product officer or whatever). And I don't think this 40% RIF really has any broader implications.

I don't know if their tech stack is mostly self-built or SaaS, but I would think their spending on cloud AI is certainly going up (Anthropic, hyperscalers), their spend on payroll is going down, and their spend on CRM / customer support sw is going up.

[stocksonly➡️🆙 @TheGreenMember]

Translation: I bloated the company and hired too many people and AI is giving me the perfect escape hatch to fix that mistake.

[jack @jack]

we're making @blocks smaller today. here's my note to the company.

####

today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation. i'll be straight about what's happening, why, and what it means for everyone.

first off, if you're one of the people affected, you'll receive your salary for 20 weeks + 1 week per year of tenure, equity vested through the end of may, 6 months of health care, your corporate devices, and $5,000 to put toward whatever you need to help you in this transition (if you’re outside the U.S. you’ll receive similar support but exact details are going to vary based on local requirements). i want you to know that before anything else. everyone will be notified today, whether you're being asked to leave, entering consultation, or asked to stay.

we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. but something has changed. we're already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that's accelerating rapidly.

i had two options: cut gradually over months or years as this shift plays out, or be honest about where we are and act on it now. i chose the latter. repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers and shareholders place in our ability to lead. i'd rather take a hard, clear action now and build from a position we believe in than manage a slow reduction of people toward the same outcome. a smaller company also gives us the space to grow our business the right way, on our own terms, instead of constantly reacting to market pressures.

a decision at this scale carries risk. but so does standing still. we've done a full review to determine the roles and people we require to reliably grow the business from here, and we've pressure-tested those decisions from multiple angles. i accept that we may have gotten some of them wrong, and we've built in flexibility to account for that, and do the right thing for our customers.

we're not going to just disappear people from slack and email and pretend they were never here. communication channels will stay open through thursday evening (pacific) so everyone can say goodbye properly, and share whatever you wish. i'll also be hosting a live video session to thank everyone at 3:35pm pacific. i know doing it this way might feel awkward. i'd rather it feel awkward and human than efficient and cold.

to those of you leaving…i’m grateful for you, and i’m sorry to put you through this. you built what this company is today. that's a fact that i'll honor forever. this decision is not a reflection of what you contributed. you will be a great contributor to any organization going forward.

to those staying…i made this decision, and i'll own it. what i'm asking of you is to build with me. we're going to build this company with intelligence at the core of everything we do. how we work, how we create, how we serve our customers. our customers will feel this shift too, and we're going to help them navigate it: towards a future where they can build their own features directly, composed of our capabilities and served through our interfaces. that's what i'm focused on now. expect a note from me tomorrow.

jack

[stocksonly➡️🆙 @TheGreenMember]

$ENGH Probably fits this rn haha.

[Lee Roach @leevalueroach]

Deep value investing in one sentence:
Find a company with $100M in cash, no debt, profitable operations, trading at a $60M market cap.

Buy it. Wait. Let math do the rest.
The market eventually notices.