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I fully believe JD crunched the numbers and knows that even with the 13% they are in a solid position, not the ideal one, but solid, or he would not have done the deal. Nor would he have gotten the financing. So there's confidence on both sides. I only posted it because it's material to news being shared on SHWZ that may impact new investors.
JD doesn't strike me as someone who would secure a deal by speculating on items like SAFE banking, etc - those are too much of an unknown. Success doesn't come from that sort of risky speculation and it's not in his nature based on what we've seen up to this point. The bigger question is what is in the business plan that provides him and the lenders such confidence. Hopefully we hear soon. There must be much more in the works.
CO on track for record MJ revenue, exceeded tax collection record in 2021
https://www.westword.com/marijuana/colorado-marijuana-sales-on-pace-break-previous-record-13206964
SHWZ mentioned (unfavorably) in an article on CURALEAF's recent debt financing:
http://igotthemunchies.net/marijuana-mso-curaleaf-raises-record-425-million-from-8-debt-financing/
Chichu found the most interesting news on the branded product exclusive - love to see more of that.
We knew this day was.coming. The question will be which current companies simply get bowled over when the big boys enter, which are worth gobbling up. And lastly, which will find a lucrative niche when big Pharma and big Bev/Cannabis start there moves to run the table on both the medical and rec sides. 2022 will be a year of winners and losers, decisively, iMO.
The Carver farms hope to be up and running by April, small mom and pops for the first few licenses. And they mentioned as well the difficulty in getting capital, expense outlays for the start up, etc. Made me wonder, where these states are hoping to direct licenses to areas adversely affected by prior Cannabis laws, as well as steering licenses to smaller businesses owned by people previously impacted by those laws, does a franchising model make sense? Even with the legal risks that could ensue? Franchisees get the backing of the larger company's capital to open and get a business, the franchiser gets access to states and towns that large operators may be disadvantaged due to state regs to help first smaller owners vs the larger grow and dispensary operations. This might be a model Dye could be pursuing, worth a question on next investor call.
That's a real vote of confidence - that they can command and close this so quickly is one more reason to believe they operating at the top of their game. And as long as the states and the feds keep bumbling around it will be teams like those at Shwz that can really best navigate and build value, while others struggle, make bad choices about acquisitions, etc. I've resigned myself to believing end of next year is when I'm really smiling.
I liked the dialogue related to the funding being at 100% the market cap of SHWZ on a convert, and the surprise that SHWZ could pull that off. That does speak volumes about confidence in the SHWZ gameplan and ability to execute. And now that they're regional, focus remains on CO and NM to gain efficiencies, smaller retail acquisitions to expand, cultivation, distribution. Go deep as he says. And the comments that they are beginning to be noticed, more will come as they continue to execute. Based on the 6000 shares traded so far today, drifting lower on low volume can be the Christmas Present of 2021 ahead of further proof of their model in 2022 to grow the business. Nothing fancy, blocking and tackling in a steady ground game, proof of quality slowly ekes its way out as SHWZ makes its way up the best in class pot companies in the US.
if shwz can fall further through the end of the year back to the 1.60s and stay there into the first trading days of January, I"ll sell some long term gains and add. I see 1.60 as very possible by end of December without any big news to move the sector. SHWZ news alone won't be enough for now to turn the tide by EOY.
I'm not second guessing Dye on the leasing. He's given me no reason to. Additionally, just from a networking perspective with a leasing company like IIP, that could lead to the identification of potential stressed pot companies in good locations ripe for takeover. I see an advantage just from interacting with IIP on that front and unofficial conversations that can occur regarding others in the business in the areas SHWZ wishes to expand regionally.
Maybe we'll get a January rally on 3 kings day, now that we have 3 analysts following! Good to see some additional eyes on SHWZ, little by little I guess.
Thank you for this quality write up. You confirmed all I hoped and more about the management team.
how nice would it be to see another 1 million volume day on this stock? perhaps will get news on the annual meeting Monday.
I'm with you on that, the one good news though is every time they make that claim that is one more piece of advertising for SHWZ that gets their name out there. So they can be claiming that eight times a day and I'd be happier for it.
more chatter that 2022 will be an M&A year for cannabis, with SHWZ getting mention as a target
https://www.readofgreen.com/business/these-7-cannabis-companies-are-ripe-acquisition-targets-in-2022/
how is this stock only trading under 20k shares today?
Add when you will, my comment about you announcing a reversal was only that it's been called in the past and proved erroneous. Nothing more. Do I hope the reversal is occurring today? Of course, since I added more the last few weeks, and would be happy to see that. I'll add under 1.90 at this point if we go there again now that we have the latest news. Will that happen? No idea. No one does.
something in the middle perhaps... let's see when the news leads to a true reversal.
I like your enthusiasm but it's only one day, we've been here before thinking the worm turned only to have it burrow deeper into the earth shortly after.
I would expect that as well. they have a seasoned focus integration team. announcing these agreements and putting them into a delivery timeline for integration is part of their job. There's nothing to stop SHWZ from inking deals and establishing a timeline for the next integrations a bit further out based on their known internal activities to successfully integrate. The variables in a well-managed integration team are the external agencies for licensing, etc. But I expect Dye to set up an assembly line of integrations based on a known cadence they have or should have now to get things done.
Rodney Dangerfield is now part of the new SHWZ branding campaign.
volume light, movement minimal. word still not fully out. we can continue to flounder letting people get some cash into their accounts this week to add.
thx, I missed that in Ianthus' later reports.
Anyone else notice Greenleaf still lists Ianthus as a partner, per their investment in Greenleaf back in 2016?
https://reynoldgreenleaf.com/our-partners/
What happens with Ianthus' investment in Greenleaf as a result of this deal... Ianthus is vile from a shareholder perspective, so I don't like to see anyone in the SHWZ house even remotely tied to them. Worth a question to IR.
TORONTO, ON and NEW YORK, NY -- (Marketwired) -- 10/13/16 --
iAnthus Capital Holdings, Inc. ("iAnthus" or the "Company") (CSE: IAN), which delivers a comprehensive solution for financing and managing licensed cannabis cultivators, processors and dispensaries throughout the United States, today announced the closing of its investment in Reynolds Greenleaf & Associates, LLC ("RGA"), a medical cannabis management company in New Mexico. RGA has management agreements in place with three vertically-integrated, non-profit medical cannabis license holders and one for-profit manufacturer licensee. The clinics managed by RGA collectively have a current 16% share of the market for medical cannabis sales, the largest in the state.
Pursuant to the transaction, iAnthus has converted its existing US$2.3 million loan facility into preferred equity in RGA. The loan facility was initially funded by iAnthus in January 2016 and RGA has used the proceeds to date for the expansion and upgrade of its cultivation operations, launching a dispensary expansion program throughout New Mexico, and for working capital and other general corporate purposes. iAnthus may invest additional funds over the next several months as RGA further executes on its expansion plans.
"New Mexico has been at the forefront of providing access to medical cannabis and there remains a large market opportunity throughout the state, with limited competition due to a cap on the number of authorized license holders. RGA is a proven market leader and its revenue has been growing rapidly since its founding in 2014," said Randy Maslow, President of iAnthus. "RGA is an important part of our strategy to invest in leading operators across multiple favorable regulated cannabis markets in the U.S."
William Ford, RGA's Founder and Managing Director, added: "Partnering with iAnthus will allow us to implement our growth strategy to expand our clinical operations, as well as complete development of a production strategy to provide value-added cannabis infused products for our license holders and others in New Mexico."
RGA has management agreements with R. Greenleaf Organics, Medzen Services, G&G Genetics and Elemental Kitchen and Laboratories. It currently manages a production facility, three cultivation operations with a total of 1,350 plants, and four clinic locations in Albuquerque. The clinics managed by RGA collectively constitute the market share leader for medical cannabis sales in the state.
and from a dispensary count alone we are double where we were at the last ER. smart to get in prior to adult use, since price would be higher after as well, smart move by Dye. Loving this regional buildout and the surprise it's happening now is a nice holiday present.
Hysterical, I was thinking of the same song...
I can imagine 100 a share, and it involves Halle Berry, a pool near blue Aegean waters, and a fountain cascading Dalmore scotch
down day Friday, tax selling aggravating that, yeah, could be a good expectation...
since the world is turned upside down completely these days, anything is possible.
Yes, i'll be buying in that range next. I hope I don't get the chance, but if it happens, it happens.
and the dip under 1.88 led to me picking up the remaining of an order I had out in one of my smaller cash accounts. I'd like to round that figure out to an even number, so may try to get more if it continues to waffle down here even further, under 1.85 and below.
picked up a little more at 1.88 today. Enjoy your holiday weekends.
I can't believe I have an order in yet again under 1.90 for this...
This is great to see - nice find.
Jeezus, Andy Williams still getting press for SHWZ. Next the PRs will be talking about his marriage to Claudine Longet and mentioning his christmas special will soon air on NBC with Perry Como as a guest singing Ave Maria...
I guess as long as the SHWZ symbol is there with the price target, the press is still good.
this period ahead of end of year is a good time to close on some deals as well. Hope we hear some news post Turkey day of other agreements they've come to, deals being inked.
I expect we're getting more eyes but volume doesn't back that up to the point of being significant. volume just ahead and after earnings rose, but that could be credited to the usual earnings related day trading. now we're back to rather low volume. I think those flippers pushed the price up, then down, and exited, and we're back to the long term holders and a small but increasing new investors. But I think it's too early to say a lot more eyes are on this stock at this point, imo. We're going there, but not there yet.
I did email IR regarding this last acquisition - if I get a reply I'll share. emphasized that since it was post earnings call, a little more clarity and color as to value, what it brings to SHWZ would be helpful.
in essence, if charging double, it's the revenue of four dispensaries at the cost of managing two... great DD on that.
Was trying to think of any ways of justifying the price for the latest acquisition. My guess is that is has something to do with the Land company also brought in. There's only two scenarios I can think of there: something proprietary, perhaps branded lies within its LLCs, or, perhaps the various business locations of those LLCs can be useful for organic expansion by SHWZ (was that also a plan for MCG and did they lay some ground work on that?). In any event, I'll drop a note to IR to inquire why SHWZ picked up the associated Land company and what's the add to the SHWZ business by doing so, to see if we get any response.
My initial reaction to, but based on their protocol of only purchasing value add, profitable businesses, that could bode very well for future earnings and not be a negative.