Empire Building 101
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Honestly I think they go through $2.60 easily I believe the test will be $2.80 and hold. Tomorrow volume shall be interesting as we had some large bids today. Institutional interest is here.
MOASS coming? "Mother Of All Short Sqeezes" Now that would be nice.
Our time is near. With the nice increase in April sales in Co. and a huge short for May I believe the shorts goose is cooked. Is there any way to know what price they shorted at?
IMO, we could see $3 in a blink of an eye as to many positives happening here.
Patience indeed. Wonder who is selling.
With Colorado up 35% in April and Illinois on track for $2 Bil at $150 Million. I don't believe it is an (if) pot stocks take off but when. I am pretty well 100% pot stocks and hopeful more consolidation within the sector and I get lucky once again. With 75% here in SHWZ.
Obviously still in consolidation in the $2.40 -$2.60. This is good news as the seller is getting out and this volume will help. Making money here will be easey peasey. Yes the video video will help and then boom time.
We all know what we have here despite having different views. IMO, we will see newbies coming and that alone could be very telling.
That will increase interest and possibly be the impetus to get over $3 and hold the PPS. I believe once they get the PPS higher more deals will materialize rather quickly. Take a good look at GRWG and you will see how they grew in the last year from a stock that went from $2.75 to $60. Dye really does has this figured out make no mistake.
Agree 100% ....but overall like minded with the severe undervalue call. This guy says $17.50 value with his method while undercutting it by 50%. Thus he believes $35 per share. Will add more interest very soon IMO. I believe $5 by August is very possible especially once they close on the deal.
GAAP & Non-GAAP. Most institutions and smart people know accounting gimmicks and thus not paying taxes and hiding net income would have a huge positive. Even Stevie Wonder could see right through th
Doubt that very much as it might be a good time to write off some good will and not pay any taxes. Just a hunch but I believe someone(In Plain Sight) mentioned it would be much better to invest in the future and not pay taxes for awhile. While it may not be goodwill certainly something else is possible. Hint Hint
Management is solid and have faith in Dye running the show. I agree with your comments pertaining to BR. He already placed his bet on Dye. Slow and steady does it as we have the golden ticket unfortunately some only see silver. AS the closing is in Q3 I believe a couple of distressed dispensaries will happen before long.
I have not done well predicting PPS but after todays news I am certain the future is looking brighter every day. GLTA
Hang on this is going to run hard. $10 easey pesey with much more to come.
Wow looks like the grow was 1st. Took me by surprise but honestly but by the PR it appears this will cover everything in the supply chain from Purplebee's, retail, etc. After reading the PR quite impressed to say the least 34 acres. Will pt some pressure on growers to hold the line on price increases. IMO, we will see a few dispensaries getting acquired very soon. Kudos to Dye and team for the leadership and the vision.
Could t his be a 2nd CRW style buy?
With the recent filing by CRW in March I would say even money. Your thoughts?
Also you claim to have almost 1% of 42 Mil is indeed telling sir.
No worry here. Things are happening and the future is now. Everything is In Plain Sight. Post away and appreciate your insight
He sold StarBud dispensaries and all his interests to SHWZ and currently a huge part of management. IMO, he would be very comfortable doing the same here. I believe it was/has been in the works. If it happens is $60K question. With that said if it walks like a duck, talks like a duck, it probably is a duck. Yes I believe it will be tied in with SHWZ very soon plus a couple more small dispensaries. Probably cash and more preferred stock at a price higher than the $1.20 would be my guess possible $2.40-$2.50
Excellent post that will hugely impact internal growth. This is why I believe the manufacturing and Purplebee's is going to blow the numbers out of the water and strongly believe that numbers have been intentionally low-balled. The proverbial under-estimate over deliver truly applies here.
Also do not forget that Purplebee's growth was 300% Y/y for Q1. They are currently at a $30 Mil run-rate. Now add in 17 labs and management is coming in with $115 Mil. Absolutely way low by any yardstick or metric used.
IMO, Purplebee's growth is going to continue at hyper-growth for the foreseeable future. Also this alone could be the biggest brick in the wall for all of our fancy PPS forecasts as Purplebee's could easily become a buyout. As I have said and will continue to say Purplebee's is the golden ticket here along with a star-studded chain of dispensaries that is growing nicely with more coming very soon.
Even with the diluted share structure including preferred shares we will be at a little over 1 for P/S for next year.
Plus over $20 Mil cash on hand.
$10 next week is a given IMO.
Steven, I didnt take your statement to mean ALL acquisitions were going to be called off until the stock price was of fair value
Exactly if I sounded like that not at all what I meant. IMO, we will get news from the one already Dye(management) eluded to. After that I believe we will see multiple smaller ones and then year end a much larger one that we get to the $5-$6 PPS. Your thoughts indeed match my thinking. Hopefully just dotting some i's and crossing the t's to complete the one Dye mentioned due soon.
My apologies Drugdoctor as I did remember the statement and my interpretation but thought it was Dye. However, they are both on the same page. Regardless, still holding very strong and adding when possible.
Why the cynical remarks? This is a message board with everyone's input. If you remember correctly Dye does not want to do deals at this opps as he feels we are severely undervalued. Thus the road shows etc. My only point was consolidation is happening and like any business the question is do the potential acquisitions wait until the pps is and terms are satisfactory or take another offer via stock or cash. Your snide remarks obviously curtail any open discussions.
Yes they have but the changes and consolidation are happening so fast. Money talks and obviously the pickings are good now. We need to strike when the irons are hot.
I believe Dye is going to have to close on deals despite the pressure at a much lower PPS than they planned on. To much pressure by the major MSO's who are paying premium $ to complete acquisitions. IMO
PS although the $20 Mil cash on hand can help!
Yes it could be a little longer but the fact that someone is accumulating in a big way even with low volume is telling. I am holding very strong as this is a story that I believe is going to be a zip code changer. GLTA Hold tight and hold long and strong.
I believe we are on the verge of a breakout very soon. Accumulation has been very obvious as anything under $2.50 is snapped up quickly. Someone is adding very quietly and consistent. The consolidation is about over.
These buyers are very smart and won't "run the stock", they are just quietly accumulating ahead of the next merger/acquisition NEWS, and likely are going to hold long term.
I totally believe big accumulation is taking place. By whom is anyone's guess.
Breakout is imminent IMO very soon. Accumulation is high.
Amazing strength with PPS lately. With higher volume certainly will lead to a breakout soon. Would love to see a 200k volume day which I believe would lead to the breakout. It appears very tight hands holding lately. Getting close to news as Dye said in a few weeks. I believe manufacturing comes 1st then retail, and last grower. The reason for grower last is Dye is very happy with growers and the relationship developed.
Forecast lowered from .13 to .o6 for this year. Next year remains at .26
The golden goose here is Purplebee's and remember every acquisition will just add more distribution. Sales were $2.5 Mil last year Q1 and up to $7.5 Mil this year. That is $30 Mil this year which is without the other 5 Star Buds as they were acquired end of March. However with the planned acquisition very possible they were also selling product in those stores. Already almost 30% of sales even though they are pr0-form at $115 Mil estimate. Now think if paid well over $100 Mil. for Star Buds look at what they actually paid for Purplebee's.
Under the terms of the agreement, which has been unanimously approved by the Medicine Man Technologies, Inc. Board of Directors, the purchase consideration for the merger is approximately $2.6 million in cash and approximately 2.6 million in shares of common stock, subject to certain holdback and adjustment provisions.
So now we have over $30 Mil revenues on Purplebee's purchase this year plus 4 dispensaries which are becoming Star Bud's. IMO, Purplebee's will do in excess of $35 Mil. this year (acquired for chump change) and believe that at 10x P/S Purplebee's alone is already worth more than current price without Star Buds. Also IMO, they could easily get this if they ever put it on the block which obviously they would not. These are facts not some farfetched pipe dream.
Make no mistake this is severely undervalued and anyone with vision and patience will see this unfold. Management may appear much slower than we want but once you open all the doors it is so obvious where this ends.
Volume picking up nicely. Something good is coming no doubt. Maybe just a good E.R.
Agree if not soon later for sure. An MSO will definitely buy this IMO. Agree they will be bought out soon.
IMO, this is probably the most telling snap shot of SHWZ for 2021. Lot of great info and smaller snippets but this captivates everything condensed for this year in one paragraph as is.
New guidance as follows:
Projected revenue of approximately $110 million to $125 million; and
Projected adjusted EBITDA, a non-GAAP measure, of approximately $30 million to $36
million.
The Company remains optimistic regarding the full year based upon reported results to date,
the completion of the Star Bud acquisition and the integration of the Mesa Organics and Star
Bud dispensaries which is proceeding above expectations.
Adjusted EBITDA represents income (loss) from operations, as reported, before tax,
adjusted to exclude non-recurring items, other non-cash items, including stock-based
compensation expense, depreciation and amortization, and further adjusted to remove
acquisition related costs, and other one-time expenses, such as severance. The Company
uses adjusted EBITDA as it believes it better explains the results of its core business. The
Company has not reconciled guidance for adjusted EBITDA to the corresponding GAAP
financial measure because it cannot provide guidance for the various reconciling items. The
Company is unable to provide guidance for these reconciling items because it cannot
determine their probable significance, as certain items are outside of its control and cannot
be reasonably predicted. Accordingly, a reconciliation to the corresponding GAAP financial
measure is not available without unreasonable effort.
I believe Joe Gnomes forecast was an expectation of the final acquisition of Star Bud's done earlier plus excluded certain costs that were one time in nature.
Me too. Hope to buy more very soon. Goal 100k. 75% there. GLTA
After taking the time to really look at the 10Q a few observations.
1) to many add-ons etc. to make a real call on earnings. Derivatives can really have a play on earnings making them good/bad.
2)Professional fees will probably remain high with more acquisitions coming.
3)stock based costs will probably remain high.
4) with the last StarBuds acquisition end of March interest will g up significant next Q.
However, despite this the positives are superior to these costs which will impact the overall bottom line health of SHWZ.
1) Star Buds revenue increased almost 20% this year.
2) Purple Bee's up 300% vrs Y/Y comps.
3)Margins up 8% points.
4)Mesa dispensaries are now SHWZ and expect much higher revenues.
5)EBIDTA forecast to $36 Mil
6)No one can overlook the mention of acquisitions will add much more revenues this year providing they are closed quickly which will greatly increase EBIDTA than forecasted
Would have been a much clearer picture had the CFO included both GAAP and Non GAAP earnings. They are much better than the $3.6 Mil loss.
PS Can't believe the name was a topic of conversation with all the positivity. Waste of ink IMO and absolutely nothing to do with where Dye takes this co. Naming the other labs SCHWAZZ is very telling.