Jul. 8 at 11:53 AM
$IMCC Still holding. The chart has been consolidating instead of breaking down, and we're still well above the recent lows. To me, that's the market waiting for a catalyst rather than giving up on the story.
The bull thesis hasn't changed:
• Black Axe LOI still has the potential to transform the company if finalized.
• European asset sale could strengthen the balance sheet.
• Cannabis sector sentiment could improve if regulatory developments remain favorable.
• This is still a low-priced, low-float name that has shown it can move quickly when volume arrives.
As long as management starts turning LOIs into completed deals, I think the market will eventually reprice the stock. Patience isn't easy, but sometimes the biggest moves happen after weeks of consolidation. Watching for a break above the recent range with strong volume. 📈