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agreed. anyone selling here is short sighted or a flipper imo. and granted there's money to be made that way for a stock this thinly traded most days. Like you I didn't expect the revenue to be much higher than it was. Otherwise, sitting here with a little more shares today and i expect us to be green by end of day.
Even if sales have peaked (I don't believe they have, plateaued maybe, but not peaked), there is still the question of market share. SHWZ's customer focus can also gain market share among their competitors, in addition to improving margins adding to the bottom line. And if they peak in the future, I expect Dye to see that coming and already be pivoting to other areas for expansion due to their reliance on metrics.
1.93? Didn't expect that today, but what the heck threw in a buy since we're down there...see if I can pick up a few more.
That ER tells me no reason to sell (unless you're a flipper who sells into the day before earnings or day after). Otherwise, we continue to see in the acquisition news and the ER that management is minding the store, doing accretive acquistitiions, improving margins even during difficult retail times with covid, improving the basket totals, and keeping an eye on cash flow. What's not to love? Time will show this to be the gem it is, won't rocket tomorrow, or for a while yet, but all good news.
31M revenue
Not sure, it has 13 llcs associated to it - haven't had time to look them up yet
https://cobusinessdb.com/biz/20141491324/smoking-gun-land-company-llc-denver#
Since it's clear that licensing, etc is going slower than anyone would like, the question is how can companies like SHWZ prepare while these delays occur for bringing new acquisitions into the house once the legal boxes get checked off - can't be sitting on our hands, but limited legally by how much can be done, and by the uncertainty it will be done. SHWZ has a smart team for doing these buys and ingesting them into their model, so all else being equal, I see no reason why SHWZ shouldn't excel against others also vying to build out their reach in Colorado. It's okay if everyone has the same hurdles in CO, SHWZ needs to smoother and faster in racing over them - hopefully we'll start seeing signs of that. Six weeks for this one would be one of those signs.
That is the whole point of the comment I posted that Stevenrisk responded to - it's not just that Columbia's sales were flat it's the comparison that can be made with Schwazze once we announce. We could demonstrate we are executing well in CO, gaining market share, etc. Or yes, we could have plateaued. We will see Monday. Nobody was attempting to put gray clouds over the sun, just reporting what we saw and what is possible.
Columbia's CO results were weak in their ER today. Will be interesting to read the conf call notes on that once available in comparison to SHWZ.
agree completely. It will be really interesting to see how Columbia Care's earnings look as well, and any guidance they set based on their CO acquisitions vs what SHWZ puts out on their ER. That may shine a bright light on SHWZ. It will also potentially shed some definitive light as to who is the wiser in terms of acquiring Williams' Medicine Man once and for all. CC sees getting MedMan as a "blessing in disguise" when the SHWZ deal fell through, but my bet MedMan was more disguise than blessing. It will be interesting to watch what pans out for CC on that front.
Thx Doc for the summary below - I went out and looked at the licensing and for the life of me couldn't find anything new - but then you've been better at sniffing things out than me in the past so I chocked it up to my ignorance. I'm sure we'll hear some good news soon regardless. The ways of licensing are slow in Colorado...
Question Doc - if you found something on the public CO Gov site, and then called IR at Schwazze, you'd be discussing public information, at least up to a point. Have you given that a try to see what spills?
I thought that was members only in the Churchill Room. Looks like we'd need smoking jackets and stiff upper lips! Nice place.
Agree with your thoughts regarding addressing the past injustice of drug laws. Some recompense can be done at the state level as well, as each state passes rec use. But yes, the feds need to deal with this and it is way past the point it should have been dealt with. But add that to a litany of other items they've failed to address, social security, climate, bringing back Glass-Steagal, reversing citiziens United, and the list goes on.
It will be younger reps who ultimately get this passed, as the old guard falls away for one reason or another. Happy to see the R's throw a bill out there. Hope it gains traction.
My time in Denver was too full, constricted, to get to a Starbuds. So I have no pics. My daughter is there so I'll be back at some point. I did ask everyone from UBER drivers to bartenders etc if they heard of Starbuds, and those who were aware , 50% gave it great reviews, great place to shop. About 50% weren't aware of them at all, or had never shopped there - sampling of about 15 people to give you a gauge. So even in Denver, they need to keep building name recognition. If you look at the sites on google and check the reviews you see most are solid, and even better, the various store managers seem active and engaged in responding to those reviews - thanking for the good ones, addressing concerns which luckily are few. That digital presence in customer management is going to help them a great deal in the long run, great differentiator from the other mom and pops and some of the other dispensaries.
Lastly, we could pretty much fill the Cruise bar with the folks on this board, once we get to $10 or so a share...
LOL. The Scwazzinator.
excellent, share any pics or insights here, those of us far more east or west don't get to see the operations in real time.
I will do my best!
As it turns out i'll be in Denver tomorrow, rather unexpectedly. I think I'll contribute to SHWZ revenues, and check out one of the Starbucks locations in person. Maybe check out a few bars to have our celebratory cocktails when this thing finally runs...
Dye is always so professional and competent in these interviews, and I never grow tired of the comment "good stewards of capital" in his interviews.
I've been periodically searching on Perkins Cole, the law firm, that helped with the acquisitions for SoCo, Sbuds, Mesa in the hopes of tripping on any potential new acquisitions. So far nothing, but maybe there's better sleuths out there on the legal front that might be able to find something?
Figured I'd try searches on tangential entities to Shwz to pass the time while we wit on news.
I second all the kudos regarding IPS's post. Nailed it.
large bid sizes again today.
volume has dried up again, those PRs re closing these acquisitions could help. But I think a bigger factor would be where Dye goes next, the next move in the acquisition space. I'd love hearing that ahead of the next ER in November.
I agree with you, the last option being the most likely. Dye likes to build to the point of unmitigated success, so the key is what he views as success. We know from Albertson's the scale of what he views as success, and I would doubt he'd exit here any less than that. I think he loves the challenge of it all, and I do think he values the growth and employment opportunities his companies offer to others. That said he will exit, but long after most of us hopefully have retired on this investment...
I keep seeing these new comments in other forums increasing since Benzinga
https://cannabisinvestingnewsletter.com/community/schwazze-shwz-stock-discussion-forum/possible-acquisition-target/#post-31
More eyes keep ending up on SHWZ
volume and a price move higher? Who doesn't like Mondays!
Not sure if this was posted previously - SHWZ being mentioned side by side Curaleaf in the race to consolidate in CO -
https://www.thecannabisinvestor.ca/these-2-top-pot-stocks-are-looking-to-consolidate-the-lucrative-colorado-cannabis-market/
yes, that point was well made by Dye. Good steward of capital. Smart investors who haven't heard about this company prior should have been walking away wondering how they didn't know about SHWZ.
Yes, and the analyst preceding him in essence made the same argument about money to be made in the various states, regardless of federal legalization or not, helping with the messaging in some ways. Any attendees today should have a clear message SHWZ is a great company, focusing in a mature market with a large opportunity for growth in CO and the region, with the right team to make that happen.
Happy to hold anyone's beer by the way...though it may come back far less full...
LOL, yes. When I went to sign in to comment I lost audio and so had to reload and never attempted commenting after. Great to hear Dye in Benzinga's friend per the introduction...
Questions by those in the room were good - I would have liked Dye to have nailed the "Where do you see the company going" question a bit stronger from the start, but he got there, CO/SW Regional player, and his passion came through.
The live comments during the presentation were a disappointment from the perspective of the conference increasing interest and visibility - but since most of those posting have an agenda and aren't the ones to really drive the stock forward, not that big a deal in the end. Word is getting out about SHWZ, we need to see that translate into volume increases.
True perhaps, and why such recommendations, analyst opinions, etc are often worthless. The only real value of articles like this is someone trips over the name and perhaps looks into why this SHWZ company is even being mentioned. And another investor is born. Otherwise, not so much.
Hmm, and yet Benzinga prefers CNTMF and GDNSF in the short term. I looked at both, and don't see why they'd come to that conclusion over SHWZ, but hey, any publicity is good publicity I suppose.
Love it, keep it going til we hit $25 a share...
Time to clean my car's interior and look for loose change... Maybe sell that old Wolfman pez dispenser sitting in a drawer some place...
A little news here would be nice, but I'm busy enough to not watch this every day and eat a hole in my stomach until November.
Recent posts have been like two people having a conversation while falling down an elevator shaft - every ten stories one or the other says "I think this is the bottom." There is one, and we'll hit it, but no one knows where - only that it will come between now and the next ER. I'm disappointed that since we've fallen this far, when that ER comes and good news sets us rising 70 or 80% in a day, we'll still be under 3...
for ACB it's the future hope the cost cutting gets them to profitability that is driving them up. SHWZ is already there... Per the earier comments by some of the posters about SHWZ being relatively quiet, if the low profile permits them to expand their reach in CO by plucking the best dispensaries etc one by one, then I'm also happy to wait and I don't mind the silence for now. Dye is not the kind of guy who tips his hand to his competitors and I like that.
Nearly all mj on my watchlist are up, SHWZ is not one of them....
I'm beginning to think that SHWZ moves on reverse psychology, so we need Colorado to befgin moving to make pot illegal again to get SHWZ to run up...
and they approved it in the house. Still needs to pass in the Senate.
https://seekingalpha.com/news/3742108-house-oks-bill-to-facilitate-banking-for-cannabis-companies?utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=RTA+News+Smart
IT will be interesting to see if Republicans who opposed a combined MJ bill with social justice, decrminalization tied to it, get on board with this specific change or find some new objections to do anything related to SAFE banking.