Rare moment when the conference, the regulatory calendar, and the exchange access story are all hitting at once. DEA ALJ hearing June 29. MSOs moving to major exchanges. The next 48 hours in Chicago are worth more than most people realize. #Cannabis #MSO

Everyone asks when cannabis gets legalized. The people at the conference in Chicago this week are asking something more interesting: who survives, who consolidates, and who gets the multiple expansion when institutional capital finally clears the path. Those aren’t the same conversation. #Cannabis #MSO

You don’t understand how big institutional money is until it shows up in a small market. Total cannabis market cap fits inside a rounding error on a Blackrock portfolio. When the mandate changes, it’s not a wave. It’s a flood into a kiddie pool. $mso $cannabis

New era of cannabis investing just started. Here’s how capital actually gets in: Step 1 — NYSE listing ✅ (happened June 10) Step 2 — Index eligibility review (3–6 months) Step 3 — Fund mandate updates Step 4 — Forced buying Most retail investors will buy after the institutions are already in. Don’t be most investors. #TRLV #cannabis #MSO

ON TRULIEVE IN NYSE: TRLV on track to 5x avg daily trading vol vs. OTC days @Trulieve @rivers_kim As of noon, 1.5mn shares of TRLV have traded in the NYSE (US$18Mn). By end of day, TRLV will probably have traded >$35Mn, or about 5x its daily average when trading OTC. In value terms, that compares with (30d avg daily $ value) $3.2Mn for TSX-listed Curaleaf and $0.4Mn for TerrAscend. The most liquid OTC stocks: GTBIF US$7Mn, VRNO $4Mn. Re the NASDAQ listed LPs, over the last 30d (avg daily $ value): TLRY $21Mn; CGC $8Mn; CRON $4Mn; VFF $3Mn, SNDL $3Mn, ACB $2Mn To state the obvious, uplisting means more volume and eventually a broader pool of investors. @tilray @villagefarms @cronosgroup @CanopyGrowth @Aurora_MMJ @Trulieve_IR @Curaleaf_Inc @veranobrands @crescolabs @Vireo_Growth @GTIGrows @JavierHasse @TheDalesReport

Over under closing price of $TRLV Trulieve tomorrow close 12.75

U.S. cannabis MSOs were trading at a DISCOUNT to money-losing Canadian LPs for years. Not because they deserved it. Because OTC meant no institutions could touch them. That changes now. $TRLV is on NYSE. 5-7x EBITDA on operators printing 35% margins is not a ceiling. It’s a starting point. Where do these trade in 12 months when forced institutional buying kicks in? Drop a number below. #cannabis #MSO #TRLV #CannabisStocks #NYSE

The Canadian LP thesis was always: “We’ll win when the U.S. goes federal.” The U.S. MSO thesis was: “We’ll win because we’re actually in the U.S.” One of these people understood how capitalism works. #mso #uplisting

Canadian LPs in 2026: — No path to U.S. federal market — Structurally disadvantaged on 280E relief — Watching American operators uplist to exchanges they can’t touch This isn’t a rotation. It’s a reckoning.

$tcnnf wins the race congrats to @Trulieve_IR @rivers_kim quotes by @vedadi @V_arrell $msos stockalpha.ai/alpha-breaking…

Let me explain what the haters missed. This was never a bet on full federal legalization. That was always the wrong thesis — and the crowd owned it hard. The real trade was simpler: rescheduling unlocks DEA registration. DEA registration clears the exchange listing. Exchange listing forces institutional buying. Institutional buying re-rates the entire sector. Dominos. In order. Exactly as mapped out. Trulieve just hit the NYSE with $1.2B in revenue, 60% margins, and a balance sheet that was quietly built for this moment while retail was busy panic selling the pink sheets. The thesis didn’t need to be popular. It needed to be right. It was right. @Trulieve @rivers_kim

Looks like we’re on the way haters. the exchanges weren’t waiting for full legalization they were waiting for rescheduling medical is done. adult use hearing starts in 25 days. MSOs are doing reverse splits right now for a reason billion dollar companies trading on pink sheets institutional money can’t touch them yet that’s the unlock

DC doesn’t need to fully figure it out. It just needs to figure out enough. Enough for uplisting. Enough for institutional mandates to allow it. That’s a much lower bar than legalization and it’s a much bigger capital unlock than most people are pricing in. #Cannabis #Weedstocks #Uplisting

Real trade: they were a disaster when they were priced for a moon shot that never came. Now they’re priced for bankruptcy on businesses that are actually cash flowing. The setup is the opposite of 2018. Different entry, different outcome. #mso #cannabis #s3

Robinhood adds cannabis stocks one month after rescheduling. The last 5 years of cannabis investing taught people to sell the news. Different this time or same movie? #mso #cannabis #robinhood #trulieve #curaleaf #gti

every weekend millions of Americans consume a legal, taxed, regulated product in 24 states anyway the other 26 are just funding the black market, no biggie 🤷 #dumb

So just so I understand the framework: the catalyst arriving is bearish, the catalyst not arriving is bullish, the catalyst arriving and then doing nothing for five months is, apparently, extremely bullish. Being down 90% off the 2021 high isn’t a graveyard, it’s a “setup.” A sector that can’t get a bank account is “coiled.” Schrödinger’s tax cut — simultaneously priced in when it’s time to sell and not priced in when it’s time to buy. #mso #cannabis