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If my gut instinct is right today, we will close at a new 52 week high. I think they will come for them in the last trading hour. Fingers crossed!
If you want to own more, grab "em" while you can at these prices
Yes, news is news and Dye does take the Warren Buffett approach which I like about him. The unusual thing is that all these small companies (could say SHWZ is a microcap) is that they always put out fluff news releases to try to prop the price and I hate that because it is always the same news reworded to make it look new when the companies have nothing going for them. But that isn't happening here for sure.
You are worried about the preferred shares but it doesn't bother me because the person who put up all the money and happens to be the CEO isn't diluting our shares (at least anytime in the near future) and he has the most to gain. He is putting his money where his mouth is and livelihood stands and that takes guts and shows his belief and commitment to what is happening here. You weren't here when the crap by the ex-CEO was hitting the fan and we were headed for penny stock land forever. It was bad and the future was bleak at that time.
Dye deserves all the credit he has done and also should get a great payoff in the future which could be a takeover of the company by one of the industry giants or just being one of the best companies in the business.
Dye is a true professional who does everything by the book. No fluff news releases to prop up the stock. If the news is something completely new about the company, he releases the press release in the morning. If it is about SEC filings or earnings, he releases it after the close. It is the standard way he does business.
The latest news release about the Starbuds acquisitions were released right at the end of the day because this was not something new coming from the company. Dye has already stated that these deals will get done in previous releases so it is not in his character to put it out earlier in the day. It would just bring in the day traders to pop the stock early in the morning only to see them sell by the end of the day and take the winds out of the sails of it being positive for the company. Remember the motto "Buy the rumor, sell the news", well Dye does a great job to not inflame that scenario. While the completed additional two Starbuds acquisitions are a positive for the company, it selling off by day traders would bring a tarnished view of the news. For those around long enough, you have witnessed a master of building a brand name and raising a stock price by Dye.
As I once stated before, I am a fundamental investor but look for the hidden gems out there before they get noticed and take off. I always look for a contrarian thesis just to take a clear view of what I am investing in. So my investment strategy has always been small companies in which I can take a sizeable position and sleep comfortably at night knowing that the fundamentals are there to get the big payoff. Sometimes it takes longer than I like but a great percentage pay off. I have never been invested in a stock in which the CEO has done such a great job in such a short amount of time for a turnaround than Dye has executed here. Be patient fellow investors, our time is coming soon!
Thanks for the kind words, much appreciated!
Many of the big boys won't be involved with this conference if you read the lineup. Don't blame SHWZ for not getting involved because it is a virtual conference which doesn't get the same feedback as one you attend (obviously COVID doesn't allow it right now).
Just imagine being able to attend a cannabis conference in person and trying all the samples...wow, now that would be a blast and a high note (sorry, couldn't resist the pun)!
It has been a gut feeling of mine that Dye will have the remaining Starbuds deals done sooner than expected and once that is done, Schwazze will be all over the media as a leader in the cannabis sector and getting a ton of free media press. I believe that could be done by the end of February, not March.
8-K for the last two Starbuds deals
https://fintel.io/doc/sec/1622879/000168316821000449/medman_8k.htm
Another QUIET 200,000 share day and closed near the high of the day. Tomorrow could be the blast off day we are looking for.
We got buyers but they are in no rush. They are building positions at this new floor of $3.00-$3.10 which is now a great solid base for the stock. You can sleep at night knowing it will only go up from here. When these sellers get done, we will blow right through that $3.25 wall on to $4.00.
If TLRY, ACB and CGC are any indication of what the cannabis sector will be doing today by what is happening in the pre-market, we should blow through the $3.25 wall today.
Fingers crossed for a great day!
The most quiet and boring almost 200,000 shares trading and we can't get any traction to follow an on fire cannabis sector today. It is gonna hit when we least expect it and the run to $4.00 will be fierce.
It is hard to be patient but hold on, the rocket is preparing to take off.
The cannabis sector is getting even stronger. I think we have more buyers with some ammo who are just waiting in the wings here not showing their bids to hope and pick off the sellers. I think $2.80-$2.85 will be the floor to the downside if we even get there. Current disappointing boring day in spite of the hot cannabis sector move.
The cannabis sector is on fire again today, while currently quiet here in SHWZ we could get a big pop later in the day if the sector stays hot and break that $3.25 wall.
Renaming everything Starbuds is probably out of the question right now. Since there are Starbuds in other states which are not part of the deal, it doesn't make sense because they would want one USA trademark for all the states. Doing it by each state they are in, gets very expensive and unnecessary. If the federal government legalizes cannabis, then maybe that could be an option if they buy the other state's Starbuds.
I believe once these current Starbuds deals get done, I could see them changing their official company name to Schwazze and have all the entities be under the corporate name. It would create a one stop shop brand name and is original and be recognizable globally because it is unique.
Dye's old company Albertsons had 20 different brand name supermarkets under its corporate umbrella. It gets costly to do that but as Albertsons bought out some brands, it was easier to keep those regional names because customers had already established a relationship with the original entity.
Since cannabis is a relatively new business sector, it would be easy to make it one corporate brand name and get the public to identify with a unique catchy brand name.
It's called Friday afternoon and can't hold "em" going into the weekend by sissy day traders. If you see the volume the last 30 minutes it was all 100-300 share lots and no big boys. Who can't hold a few hundred shares of one of the hottest cannabis stocks into the weekend (probably Robinhood traders)? Nothing to worry about, it will be over $3.25 next week.
Stevenrisk...here is my take. First the price for each dispensary is not expensive because they are all profitable because Dye stated they would be accretive to earnings. Dye is a retail expert and he will even maximize the earnings for each store due to the size and scope of the company when these deals are completed.
You are a recent welcomed new addition to many of us old-timers so we have experienced a lot until Dye came along. I believe the financing is there for the remainder of the deals, it is called Dye Capital. Dye is not going to continually reiterate that he plans closing these deals soon without a plan in place to get it done. I have no doubt about this. I have been invested in this stock (MDCL) from the very beginning of it getting listed because I believed cannabis was going to be legal eventually and Medicine Man was a great small play to get invested in the sector. But the Ex-CEO turned it into a dumpster fire and this stock would be worth $.20 a share if Dye didn't come along. I think Dye is taking these deals to complete a little slower to keep the interest in the company and keep more positive press in the company. Some people know how to work the room and this is a way to do it. Dye has done incredible work in a short amount of time. Brian Ruden's statement on the last press release assures me that there will be no problems.
Going forward after these deals, I believe Dye has another couple of acquisitions he wants to get done once the Starbuds deal is done. If we get some new surprise profitable acquisition(s), I see the stock at $20.00 by the end of the year and if cannabis becomes legal by the Federal government, then I wouldn't be surprised to see $40.00-$50.00 a share. At current with Starbuds, this should be $10.00 a share.
I wish everyone here much profitable trading with this stock but I don't worry about a few cents here or there because the percentage rate of return if my thesis comes true will make those few pennies obsolete. I usually am not much of a board poster but have been much more vocal this week because I am so excited what I see transpiring here that I want to keep all the great posters here updated. I plan on taking a much quieter approach and backseat next week since I have been talking too much. Everyone have a great weekend and I see us breaking that $3.25 barrier next week.
Here come the weaklings that can’t hold them over the weekend. I still think they might want to rally the cannabis sector into the close.
If you had some patience, he is your chance to get some cheap shares. I just like to grab them when I see them available instead of hoping for it to come in and then wind up chasing. Best of luck.
I would just grab them now because once we break $3.25 it should run pretty good. Everyone is different but I don’t worry about a few pennies, I play for dollars. Just my way of trading, but keep with what keeps you successful.
Still out on the road, but it really needs to break $3.25 to take off
Cannabis sector had big run up yesterday in the smaller cap names.
Today is some profit taking especially since it is a Friday. Just a gut feeling they still want to take cannabis sector higher (especially small cap cannabis) today but probably not the overall market. Very hard to read right now.
Running out shortly so hopefully will bring us some mojo by walking away from the computer for a few hours. Hope to come back and see us break that $3.20-$3.25 wall. Either way, great times are ahead.
Need a little more volume and we blow through the $3.25 resistance, then on to $4.00
Unless the markets are down big tomorrow morning, we should test the $3.20-$3.25 wall tomorrow. If we break that with any decent volume, we should run to the $4.00 level before we see that last big wall to the upside.
There is no doubt these deals will be completed. Dye Capital put up the cash for these two and will put up the rest of the cash for the remainder in my opinion. Keeping it all in house makes it even more exciting because the head of the company is putting up his own money to make it happen which means he has more at stake. And that means he is more bullish and optimistic than ever. JD is awesome! Just think when cannabis gets legalized on the federal level, who knows how high this can go.
Thanks, much appreciated!
What's the URL of the Colorado website that shows these license transfers?
I seemed to have misplaced it. Would like to keep my eye on it.
Cannabis index is on fire!
The cannabis sector rally is still on from what I stated earlier. Could see a really strong last 30 minutes and get that close over $3.00
The market is trying to rally in the cannabis sector. If it can gain some momentum, then we could see a realistic chance to close above $3.00 today. Mostly buy program driven, not much big boys buying right now.
NITE on the buy side not showing his appetite in bid size but definitely loading up on some. He was the big buyer on the run last week.
VERT is not in the picture because he is just flipping now, doesn't have a order from a customer. He is $2.87 bid because big buyers below and offering at $2.99 because of a couple thousand shares at $3.00
CDEL just jumped back in offering 5,000 at $2.93. Oh, as I write this VERT comes down to offering at $2.91 because of the CDEL offer. OTCX just popped in with 5,000 at $2.95, a flipper.
If we can break $2.95, then we should make a move to $3.20
VERT is not in the picture except to flip 500 shares, keep your eye on CDEL, GTSM and NITE (OTCX and ETRF are just traders flipping) in that order to give you a sense of which way we are heading.
We have a new strong support base at the $2.75 level and a minor resistance around $2.95. If we break that could see some more minor resistance around the $3.15-$3.20 level. If we break that, then we run to $4.00 without resistance where we hit the last major wall. If it breaks $4.00, then it runs to the all-time high area of $5.00-$5.20 area. If it breaks that resistance, then it is off to the moon (my guess is $10.00)
VERT doesn't have a real buyer or seller right now. He just fills the gap when the spread is at least $.05 apart to flip them for a few bucks. Or if watching Level 2, if you see a big buyer(s) or big seller(s) he will penny them using the big size as the wall to protect his tiny position.
Right now the ones to watch are NITE, GTSM and CDEL. They are controlling the flow and direction. We still have some traders (flippers) around from the run last week. If we can back above $3.00, then it should run again.
New company website is coming
https://www.thisissowgood.com
Rodgranite...are you still taking a chocolate a day? How is it going? Have you noticed much improvement with your health?
Thinking of ordering some but wanted your feedback first.
Hoop
Here is my take on the still corporate name of Medicine Man Technologies but I believe it should be changed to Schwazze.
1) The company still has a division called Medicine Man Technologies which is more of a consulting business
2) Maybe with some of these deals in the works that were drawn up when it was MDCL, it might be an added and unnecessary expense to rewrite all these deals to use a different corporate name.
3) Maybe when these Starbuds deals get completed because they are only half done currently, then the company will rebrand all the operations under one umbrella. It does make it confusing since they now have 6 different named divisions under the company's belt (Purplebees, Mesa Organics, Medicine Man Technologies, Three A Light, Success Nutrients, and Big Tomato)and yet not "Schwazze" in any of these names. It would be just better to have the entire company called Schwazze.
4) And my final thought is that if the company gave up the Medicine Man Technologies name, then AW would try to swoop it up and try to rebrand his Medicine Man Denver under it. It is just a guess but I believe there is some bad blood between AW selling JD into MDCL and JD realizing what a mess it was. But JD is such a mastermind in the retail space, he knew he had the knowledge and tools to get it straightened out. Giving up that name would give AW something to use going forward if AW tried to make some further deals in his behalf. I know that this idea could be a little far fetched, but just something I have in the back of my mind.
Totally agree with you. In this world of political correctness, this narrative of "collective" and what it means is total meaningless.
In my opinion what it was meant to be was that AW didn't have anything done with all those deals he had announced but it was a "collective" effort to bring all these companies together under one brand. Unfortunately the other companies didn't care about working together, they cared about the cash to buy them out.
And we know AW couldn't get that done and thank goodness JD came in for the rescue.
I am patient also and not selling a share. I just wanted to put a scenario out there that many may have not thought of and what it could mean if the short interest is much bigger that original believed because this GME issue has shed a new light on the short selling practice.
I don't like to flip big positions I have because I take them for what I believe can be the homerun. SHWZ is one of my most exciting holdings ever and I believe it will be a life changing opportunity for me and many others here.
Obviously, I could have made a few extra bucks by flipping a few but just not worth it if all of a sudden some exciting news comes out and it takes off.