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IMO, most will be converted and debt will not be the problem as suggested in the past. Why would you not convert if the pps is much higher than $1.20
if SHWZ has debt payments like this based on the posted ARS today:
2023 - 32 mil, 2024- 25 mil, 2025- 60 mil, and 2026 - 144 mil, and some of that is convertible into shares, the 2025 into 2026 timeframe is when I'd expect increases in shares to be on the docket for a shareholder meeting. I'm of course no guru on any of this, just thinking out loud as to when that increase would be most likely, especially if there were headwinds to revenue in 2024.
Since the board basically owns the company, if and when they do it is their choice, regardless of the common shareholder vote.
The question would be is additional capital needed in the next two years to rush that increase to support growth? I'm hoping not.
With the outsized growth of dispensaries, there will be little push back on SHWZ's rapid consolidation. Still a half dozen stores behind Ultra Health. I really like the greater density in large pop centers and select TX Wall locations.
Frankly, you gents have thrown me on the why of additional authorized shares? And the palpable disappointment?
Most companies used the down market of 2022 to clean up their books, probably because it was an easy excuse, but also because it would make future earnings look less bad. I was trying to think of a way to display this information, so I thought why not display both revenue and the change in the companies accumulated deficit (difference from 2021 to 2022). In the below graph the 2022 revenue is blue and the orange is the deficit. If a company added to their deficit the orange is under the blue, and vice versa, if they reduced their deficit, the orange is above the blue.
I absolutely love this addition. I wanted to buy slang because of him but never did. Makes my investment here even more special.
This cant be good for the small mom n pop operators. Everybody cant grow it and even less have the marketing skills needed to operate in an enviroment that is quickly becoming hugely competitive. IMO, a lot of operators are going to lose a lot of money and go under quickly. Unfortunately the population will not support this many dispensaries. Colorado has about 6 million while NM has a little over 2 Mil. Very obvious NM dispensary operators will have saturation issues very soon. Im glad were are a verticle operation and not dependent as others will be.
PS I was shocked to be honest about A/S not getting a vote. Obviously Dye is holding his hand close and might have a wild card or two yet to be played.
I used to own SLGWF when Chris Driessen was CEO. Very down to earth and actually was a very good investor relations guy to boot. He was very different than Dye and his team. Was very investor friendly blue jean type guy who was totally involved and got his hands dirty. Problem was he was spread so thin with funds so limited. As far as his role at SHWZ he should be a perfect fit. The guy is very approachable and definitely knows marketing. His contacts and knowledge are top notch and should be very beneficial.
Nice - more potential customers for CHRIS DRIESSEN to sell to... re"DENVER, May 1, 2023 /PRNewswire/ - Medicine Man Technologies, Inc., operating as Schwazze, (OTCQX: SHWZ) (NEO: SHWZ) ("Schwazze" or the "Company"), announces a key addition to its executive leadership team as it pursues expansion of its wholesale business in both Colorado and New Mexico.
Seasoned cannabis veteran, Chris Driessen, joins the Company as Executive Vice President, Commercial Sales. Driessen is tasked with expanding the Schwazze wholesale business by developing a house of brands and gaining material distribution across both of its markets. He replaces Steve Pear who recently left the Company."
Wow! I haven't had any time to pull the numbers, but I went out to NM CROP site and it is updated. I cannot believe that NM has 988 dispensaries!!! That is 355 new dispensaries in 1 month!!!
March - 633
April - 988
The weather was bad when I went to the shareholder meeting last year and I think the weather was bad the year before that as well. I know Berkshire has their meeting in the summer time. It could just be the weather.
Lol. What's left?
Well I was 100% wrong. I figured for sure that they would vote to raise the share count to be able to mix/match when making deals. I wonder why they moved the proxy vote up? This proxy looks uneventful. What am I missing here?
Well, I’ll be dammed. They are not voting to increase share count at the annual shareholder meeting coming up.
So...Everest acquired at a ROM of 2:1 to revs... and "poof" there goes my theory of an AM vote for something extraordinary with the today's filing. Asked and answered. Two down.
Schwazze - Medicine Man Technologies New Mexico's annual revenue run-rate including the Everest Apothecary acquisition is estimated at ~$63.4M using flat growth (0%) based on February's NM sales data.
— The Dank Informer (@TheDankInformer) May 1, 2023
$41.99M without Everest$SHWZ $MSOS #Cannabis #CannabisIndustry #NewMexico pic.twitter.com/H8jrexVSgv
Someone on Twitter posted (like a month or 2 ago) that they heard/rumored Pablo was let go. I was watching from that point forward to see if he (Pablo) made any comments or showed up on any annual earnings calls...and he did not. Late last month, Merida Capital Holdings posted Pablo as a guest speaker at one of their upcoming events. He was listed as the Managing Director of his own company. At that point, I figured it was just a matter of time.
Cantor Fitzgerald drops cannabis coverage. Somebody relied on what they said was a buy and an obscene price target? Another big loss for this group of prize doggies with fleas they did cover or "What is nobody cares?" for the Daily Double:
https://www.benzinga.com/markets/cannabis/23/05/32120885/cantor-fitzgerald-discontinues-research-coverage-of-the-cannabis-sector
Oh, $SHWZ not one of them.
Have found links to paywall sites that hint at such revs numbers from last year (looking at Everest in the news --TV News and Albuquerque Biz Journal) Still looking. Don't think the NMRLD's CROP will tell us about wholesale ops. Found plants, can run stores, but consolidating a year of 14 dispensaries' revs that were't all 14 all year is probably why there is an earn-out clause in this market.
What we do know: Schwazze normally increases those revs and via lean the gross profits after acquisition to create positive ocf. Each store profitable on its own.
What excites me is the density, additional banner and what is next for this same model drop in CO. I don't see Standing Akimbo being a 2-store banner. Do you? More in the mix and my earlier projection of 70-stores in 2023 looking better and better all the time. I do think there is more M&A in CO this year. No proof, more a gut feeling something substantial and some parsing of words from the last 10K CC from NK with a June Annual Meeting (Everest to close by end of same Q2) probably not a coincidence. A required vote on something else? I think so.
Like the roach motel. Once you check in you can't get out.
Thx. Any9ne took the time to see what these dispensaries revenues were for last year?
8-K for purchase agreement on Schwazze's Investor site under SEC Filings:
https://ir.schwazze.com/static-files/227ae5a4-2229-4a41-a323-465fa0a183d1
As I said a person on SHWZ board on Yahoo posted it. No link or nothing.. I've not saw any details from co. Could you post ?
The PR for acquisition by Co. even says cash, note, and company stock. Not sure where tour getting your info? Please post thx.
As I said a person on SHWZ board on Yahoo posted it. No link or nothing.. I've not saw any details from co. Could you post ?
The previous nm acquisition had 0 shares involved.
Yahoo poster says the deal is $12.5 Mil cash, $18 Mil note, $8 Mil in stock, and another $8 Mil in stock incentives
Could temper any rise in A/S as this is a lot less shares of convertible in the previous N.M. acquisition.
Why does no one seem to care?
I agree a higher listing is not a priority at this time. However, once laws changed and they will a higher exchange will be a priority. My point was building the foundation with more dispensaries etc. is where we are currently at. While dilution is happening thru acquisitions it is of no concern presently. When the time is right a higher exchange will bring in lots of interest as investors are locked out!
200 of those shares were mine, feel like im playing pick 5 lottery
I think Dye has seen that getting to Nasdaq matters little in the larger scheme of things for pot companies until there's any significant federal reform of MJ. The move doesn't justify the assault on shareholders, including them. We had 727 shares trade today thus far, that problem is not due to just the exchange, hopping exchanges won't solve it either.
Former Colorado Rep. Dan Pabon (D) will take over as vice chair.
https://www.marijuanamoment.net/marijuana-industry-group-announces-new-leadership-to-tackle-reform-in-a-divided-congress/
It's hard to say which Corey will show up and what he will support. Conventional thinking is that with Republican's control of the house, he has cover to support SAFE without social justice reform tied to the Bill. Mr. Booker is a Big Pharma @zz kisser, so in the end, he could pose for social justice and vote no to SAFE and stay true to his benefactors and protect his gravy train.
April 14, 2023
https://www.marijuanamoment.net/cory-booker-calls-marijuana-a-dangerous-drug-and-says-hes-frustrated-with-non-diverse-industry/
February 1, 2023
https://reason.com/2023/02/01/after-repeatedly-opposing-marijuana-banking-reform-cory-booker-says-it-is-urgently-needed/
January 14, 2017
https://www.vox.com/policy-and-politics/2017/1/14/14262732/cory-booker-senate-democrats
Not really sure. What we do know that it is merger related. We know that accredited investors are the buyers except one. I don't see red flags glaring or the sky is falling.
IPS, you are probably right a reward for excellence. No dilution imo only transferring shares to accredited investors. I do believe if these announced acquisitions close it is a game changer.
Huh? re"Date of First Sale 2023-04-13 " This stock was sold 2 weeks ago, likely to pay for the acquisitions just announced this week.
I miss nothing... next...
It is --barring SAFE as a standalone. Nice opportunity to go short the $MSOS. Seeing them at $2 and change soon then the dumbasses can close it down, along with their $PSDN and $YOLO.
I find it interesting that this bill that was introduced into the Senate yesterday already has FORTY sponsors (five of which are Republicans) and yet Corey Booker's name is not there. Big pharma/alcohol/tobacco has Booker firmly wrapped around their little finger it seems.
Nice bump for the whole industry today, but for me it feels like Ground Hogs Day.
I was exactly on the opposite side of that equation's fence with a forward split prior to this D filing. Needless to say with merger that may be in the review mirror? Am I missing something or ? I see this D filing as a reward for excellence.
Re-read it. And ask: Why? You missed something rather significant in the filing, I think!, but since you be a seller into news... I'll try to help you as to checked boxes...What is a merger? Is that well, important? Ah, hmmm.
Small Company Offering and Sale of Securities Without Registration (d)
5.5 million dollars raised with stock sale. Wonder what the investors paid for their shares?
Been doing $1k every other week for the last 2 months and hopefully till end of year. GLTU
Agree but would like to see the terms. Will probably get kicked off the board for saying this. I believe as laws become mote favorable SHWZ will do a ,R/S so they will qualify for a NSDQ or even NYSE. Thus grow the heck out of the business even at the expense og dilution. Of course this strictly IMO. However, as the economy slows down and the possibilty of refinanced debt with Safe Banking could also happen. Longer term we will be golden!
Agree but would like to see the terms. Will probably get kicked off the board for saying this. I believe as laws become mote favorable SHWZ will do a ,R/S so they will qualify for a NSDQ or even NYSE. Thus grow the heck out of the business even at the expense og dilution. Of course this strictly IMO. However, as the economy slows down and the possibilty of refinanced debt with Safe Banking could also happen. Longer term we will be golden!
Well, I have pared my holdings, but still have a decent position, but can't become excited about introduction of Safe Banking or acquisitions that dilute the stock and create more and more high interest payments.
Some perspective from reddit weed stocks , I copied and pasted , i have no opinion as of yet
https://www.reddit.com/r/weedstocks/comments/1304w3m/safe_banking_act_timeline_and_implications/
Safe Banking Act Timeline and Implications
My timeline / stock price prediction is:
(1) SAFE Banking Act gets a hearing in Mid-May 2023, voted on in June-July 2023 (Assuming SOONER let's it get a vote, which I think he will because time is ticking down to the November 2024 election. Politicians need to campaign at least 12 months in advance)
I think this triggers language that satisfies exchanges. USA MSOS's will be able to uplist and CGC will close on "Canopy USA". I remember years ago Canopy Growth's legal team saying "Federally Permissible" will let them enter the USA.
There will be a big run-up arbitrage opportunity from OTC to NYSE/NASDAQ. We saw this multiple times with Canadian LP Cannabis TSX stocks in 2017/2018 and with Psychedelic stocks in 2021. MindMed MMED / MNMD a popular psychedelic stock on April 22, 2021 went +150% in 3 days once the S-4 uplisting was confirmed - I'm looking for the same type of volatility for USA MSO Cannabis stocks.
Do MSO's have to change their accounting to GAAP? And therefore is CURA / CURLF ahead in this sense? EDIT: Appears CURA was last to convert to GAAP
Big Alcohol, Big Tabaco and Big Pharma will start to announce strategic partnerships.
(2) HHS "Schedule 3 recommendation" in August 2023
6 months since October 2022 "expedited" direction by Biden was April 2023
(3) DEA takes 2-3 months to make it official in November 2023.
This address tax 280e. (or does SAFE Banking Act take care of this too?)
This way, Biden has 12 months to campaign for November 2024 USA elections.
(4) How I would play this news
I like TRUL / TCNNF as my top pick as Florida 2024 going rec will be absolutely massive, especially when being uplisted to NYSE / NASDAQ. As Kim Rivers of Trulieve is the only female CEO, I swear CNBC will want to have her on TV as the "Queen of Cannabis" or something along those lines.
I also think having MSOS 2024 Leaps (call options) is a good way to get a leveraged play. These can easily 10x or 20x if you buy yolo far out of the money $15.00 - $20.00 strike calls. Think about it, if MSOS even goes half way to $55.91 all time high that's $28.00. Call options would go deep into the money and IV Implied Volatility and Delta would work in your favour as the value of the contracts go up.
Do you agree / disagree?
Short Interest on Cannabis stocks must be so high right now, any piece of news will cause a mini short squeeze like we saw after hours MSOS +19%.
Enjoy the opportunity to pick up more shares at the bargain prices while they last, like you did yesterday. In my opinion I was fortunate to pick up 1750 shares yesterday at $1.095, got my average down to $1.45 and have nearly 43K shares. I am hoping the market ignorance can continue to allow me time to collect more cheap shares, I'm working towards a goal of having a minimum of 50K shares.
Lol! At times I may sound like I'm going back and forth. I get very annoyed that little has been done in regards to black market as all states have a vested interest. With that said I am very confident that too will get sorted out.
I believe going deep will bring synergies to the bottom line that many small operators will not achieve. Continue to average down as I've not sold a share in 2 years and still have an average much higher.
My motto concerning management being "do as they do not so much as what they say".
GLTA
Lol...Because we are "playing Risk" instead of Monopoly according to the talking heads.
Schwazze continues to execute its plan to go deep rather than wide. Someone recently called this more like playing Risk rather than Monopoly. They now have 32 stores in New Mexico and 27 in Colorado, their only two states. $SHWZ https://t.co/w3u4sWAUDc
— Jesse Redmond (@jesseredmond) April 26, 2023
$SHWZ rarely runs with the MJ herd... sigh
Everything is up strong except SHWZ.. That hardly seems right. What are we missing?
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Instagram: https://www.instagram.com/schwazze/
Facebook: https://www.facebook.com/Schwazze/
Meet the "Steve Jobs of Cannabis" and Schwazze's Chief Cultivation Officer, Josh Haupt:
https://www.youtube.com/watch?v=s36OIBT4XiQ&t=1s
Star Buds is one of the Most Recognized and Successful Retail Cannabis Operators in North America
Company Projects Pro Forma Revenue for Schwazze and its Two Acquisitions (Mesa Organics and Star Buds) of $95 Million in 2020
Company Expects to Be Cash Flow Positive Beginning in January 2021
Company Anticipates Acquiring Remaining Seven Star Buds Retail Dispensaries in Colorado during the First Quarter 2021
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