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Welcome to the Cannabis Investing Newsletter Forum. This is for the cannabis stocks forum & discussion. Feel free to find your favorite cannabis stocks and contribute content as you please; content that continues the discussion of, and analysis of, cannabis stocks. – D. H. Taylor

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[Sticky] Item 9 Labs INLB Stock Forecast & Analysis


D. H. Taylor
(@dhtaylor)
Member Admin
Joined: 2 years ago
Posts: 703
Topic starter  

Item 9 Labs INLB stock is an AZ-based franchisor dispensary system.  They have grow and processing operations and have also just signed deals expanding them into Maine, Michigan, New Jersey, South Dakota, and Virginia.  Also, I have seen acquisitions in Colorado have recently made the news.  Three things, first, AZ cannabis has been on fire, no pun intended, over the past few months.  Second, INLB stock (OTC-traded) is pushing higher.  Third, Item 9 Labs is reporting Q1 2022 earnings next week.  I wanted to start collecting information on them because I have a feeling that the news will be good and INLB stock is going to pop higher.  Given that, here is a quick breakdown of what I am looking at and what might happen with Item 9 Labs INLB stock next week.

With all of the deals signed lately, expect big gains in revenue through 2022 and into 2023.  This will be a performer for a few years and investors entering now will be well rewarded for long-term plays.

This topic was modified 2 months ago by D. H. Taylor

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Matt Paul
(@mattpaul02yahoo-com)
Eminent Member
Joined: 3 months ago
Posts: 37
 

Many thanks for the write up on Item 9 labs since I own quite a few shares.

Regards,
Matt P.


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Matt Paul
(@mattpaul02yahoo-com)
Eminent Member
Joined: 3 months ago
Posts: 37
 

This might be something to keep an eye out if you own this stock.. There has been some inside selling for this stock.. Matter of fact, on the 30th of May, Michael Jennings sold around 27k shares on-market at roughly CA$2.38 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$3.0m more than they bought in the last 12 months.

Regards,
Matt P.


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D. H. Taylor
(@dhtaylor)
Member Admin
Joined: 2 years ago
Posts: 703
Topic starter  

@mattpaul02yahoo-com 

Thanks for pointing this out, Matt.  Hmmm... don't really like the idea that insiders are net sellers.  I don't know that we have enough information on this to say that they know something we do not.  But, cannabis stocks are getting obliterated; we all know this.  Maybe these guys are just adjusting their position.  I like Item 9 Labs and think they have a workable plan that they can execute and grow.  Will the stock head higher from here?  Likely but, that is more because of the potential of where all cannabis stocks are at this point.  

Let's see.  


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