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Welcome! That is why you never set a stop loss with this stock because periodically MMs will take it down just to get cheap shares. That is also why you set a GTC bid 2 support levels below where it is trading...so you can take advantage.
Something going on? No shares traded premarket but Nasdaq doesnt have LEXX listed as a halt. Hopefully it isnt from lack of interest.
I get it, wider audience, however the President of the company was just interviewed by Matthew Kind on his CannaInsider podcast. Basically planning a ton more acquisitions within the states coming/about to come online. The whole thing sounded to me like he is just trying to gain/grow industry recognition so when the time comes they will eventually being bought out by Home Depot.
Like the faux wood look! I will tell you, salves really do work. The THC/CBD blend is the way to go due to CB1 and CB2 receptors in the skin. The ridiculous thing is that most see the THC component and become scared when in fact, applied topically (provided it is not a transdermal patch), the THC molecule cannot penetrate deep enough to get in the blood...let alone cross the blood brain barrier and cause you to get high. It's like taking ibuprofen but with a quicker onset...and without taxing the liver.
And as Hoop said it...some larger bids are sitting at 2.28 and 2.29.
Regarding the SAFE Banking Act: Perlmutter said the bill may have so much bipartisan support that it can be fast-tracked, however, he expects the full House to vote in April or May.
WTF!? I guess the question is, to the institutional investors that are currently holding off because the companies are not major exchange listed, will bank access change their investment mindset?
Vblack75, all good questions and really all unknown. I think most assume that it will be run like alcohol. Outside of that, and in regards to your grocery store question...that is still something that will have to be decided. Sure I have huge excitement surrounding SHWZ...and where they are heading...but in general I have a passion for the plant including the hemp side. There are so many uses outside of medical or recreational that peak my interest. Obviously I thought the quickest to making money was this marijuana route. Not including seeing the powers medicinally, I saw first hand the power of the fibers of the plant. Two neighbors each took their side-by-sides on a mud run and one got stuck. One had a winch so they tried to pull the stuck side-by-side free. The cable snapped. It was getting close to dusk so they called me an another neighbor asking if we could meet them at a location and to bring another winch along with some shovels to try and help free the vehicle. On the way out of the garage I grabbed an old, 100ft-1inch diameter hemp rope...what I considered a "garden" rope...that I picked up for $20 at an estate sale. When we got there we dug out a little around the tires, hooked up the second winch...and it too snapped like the first one. That left us with the 1-in rope...that we all kinda chuckled at but had no other options. Wouldnt you know somehow the rope held and we were able to free the stuck vehicle. That is when I started looking into the hemp plant for other uses, outside of clothes and hemp based protein...my only knowledge at the time. Dang, there is some crazy awesome stuff! One of the first things I found out was that it was used as parachute cord during WWII. Hell, the land the Pentagon sits on was once a research farm...research that included hemp. Since then, I found out that the plant absorbs heavy metals (both a negative, from a consumption standpoint, and positive)...the positive being it can leech heavy toxins from soils, like radioactive material (they have, or have been , growing it around Chernobyl). Did you know Henry Ford built a hemp vehicle? It essentially has the ability to become a biodegradable plastic. Next, it can be mixed with lime to produce a hempcrete, that can last 50+ years longer than regular concrete...for all those eco-friendly people...absorb CO2 gases. so in addition to building materials...think of the benefits of it covering highways and parking lots. Finally, and one of my coolest discoveries, it has the ability to be a supercapacitor...to the point some of the research is showing that it has the ability to hold 10x more than lithium while at the same time (supposedly) weigh less. Let that sink in. As you can see, I am very excited to see where the industry goes.
Exactly... They prefer bread crumbs. It is also allowing time for the Pharmaceutical, Alcohol and Tobacco industries to get involved. You are starting to hear "industry advocates finally coming to the table"...when in reality the advocates that have been there all along are getting pushed to the side for larger industry "advocates" making the decisions that best benefit them....and protect their future revenue streams. For instance, there is a lot of lobbying within new states to not allow home grow. Surely the average home grower is not going to be able to overtake the operations of a major cultivation facility or the sales of dispensary. I mean Colorado allows home grow and their annual sales have been increasing year over year. Not to mention, home brew is acceptable in the alcohol industry...and you dont see individuals usurping Molson, Budweiser or Sam Adams. Their argument against the home grown is "quality concerns". If you arent allowed to grow a plant...or your own medicine...is it even really "legal"? Everything is overcomplicated. Overcomplicated = Time.
Hoop, no doubt that makes sense: Legalize, Regulate and Tax it. The problem is there are too many cooks in the kitchen...including the current administration that focused their platform on "decriminalize" not "legalize". One of the biggest voices is how to deal with the 50+ years of racial injustice. This was even very apparent when Colorado was discussing, voting to pass, HB19-1090. It was the first topic brought up and the only thing that 'Madam Speaker' raised as a concern on numerous occasions throughout the discussion before the vote. I see decriminalization happening along with SAFE Banking passing. Banks will take a year or more to establish rules/regulations surrounding loaning money to the industry. That will buy more time for individual states to come online...which each will adopt methods to address the injustice component. Eventually leading the Federal Govt to feel the 'coast is clear' and to step in and take their piece of the pie. I guess we shall see how it plays out.
I saw that first part about staffers losing their positions. That is why I can see SAFE Banking passing and decriminalization...but still think federal legalization is 2+ years away.
So here is a thought I had...the idea stemmed from an article I read a long time ago (luckily I was still able to find it) and was retriggered from part of the discussion in the last podcast I posted. The company is growing in all areas: cultivation, extraction, retail. They still have the consultant side...and I think, outside of its potential to locate and mold future potential acquisition targets...this component gets overlooked. I think most assume, outside of the nutrient line and the book, this component will eventually drop from the company years down the road when everything is legal and industry consolidation happens. I decided to give this area some thought on the future direction of Schwazze consultation. Focusing on the 'home grower'. Average Joe Growers cant seem to get enough information. Successfully growing "a weed" isnt as easy as people anticipate. This drives many to purchase educational material, subscribe to patreon/podcast services and, like in the below article...something I found connecting other cultivators to Josh...purchase/participate in online home growers courses. I was thinking, wow, this would a great compliment to the future of Three-A-Light and Success Nutrients. From the podcast, even if it was something discussed years ago, this definitely seems like one of the directions Josh would like to grow the company. Maybe he and Nirup will develop something...or maybe Schwazze will just acquire 'TheChronicMethod' and tweak it to incorporate Success nutrients? If so, they now would own the rights to two grow styles...and could offer them as separate courses. After all Growers like to network...
https://www.westword.com/marijuana/the-chronic-method-an-online-weed-growing-course-wants-you-to-bloom-11513667
Interesting listen when it comes to insight in his grow...however, even though it was posted to YouTube a week ago, I think it is at least a 2019 interview.
Episode 102 from a week ago is an interview with Josh Haupt:
https://youtube.com/channel/UCQ1vZmKahbv92jGch8SeK4w
I plan on checking it out tomorrow. Just thought I'd share.
According to Cannabis Wire: Colorado Rep. Earl Perlmutter plans to reintroduce the SAFE Banking Act, today, in the U.S. House of Representatives. The Senate is expected to follow next week.
You see that there was a Form D filed today on the SEC site? I am not sure what this means. The issuer size is 'decline to disclose' but the total offering is $65M. Total amount sold $53.7M and total remaining $11.3M...with a $677,200 sales commission.
I thought this was a good interview. A lot of interesting industry conversation...that some may or may not like. The company news comes around the 31:40 mark. Some new company insights regarding their Sohum soil and grow techniques (bottoms-up airflow) as well as the company's due diligence process and what they look for in an acquisition.
Thanks Knife. I check the SEC pages regularly and missed this one. Great catch! Now to hope the DD checks out and the company agrees to the transferring of licenses. I also like the idea of it closing in 60 days.
Premieres tomorrow:
Exactly! The other day I bought some of that stock because it was lower than the return price if they didnt acquire anything (the rumors were a deal with Leafly...and Leafly has iHeartJane). Then I was like, what am I doing, so I sold and bought more SHWZ.
Here GoldRush. Buried in a reply:
He, and his wife, are very involved in all aspects the industry.
https://blog.plantlovenaturals.com/en/march-2021-newsletter
Recent interview...and WARNING, until the interview, it is a painful listen. Interview starts at 27:42 - 53:00.
Future, I am glad you said it. I started typing something earlier and got called into a meeting so I never got around to finishing my comment. I am inclined to agree with you. I know every man/company has their price, but the foundation of the company is built on the backs of Ruden, Haupt and Parco. They are (relatively young) industry forefathers. Sure they could sell out an reap the fruits of their labor...but they are hustlers...ganjapreneurs. This is their space! I have a hard time picturing them wanting to sell off what they have all worked so hard, and so long, to obtain. Then you have Dye, who could eventually move on...but then again I am not sure. He brought in his team for a reason...and not just the finance and due diligence side, but the IT side. In a time where other MSOs are fighting to gobble up licenses and/or companies, in their US land grab (kinda like the Canadian LPs did in 2018/2019 with their cultivation sqft land grab), he is focusing on growth and streamlining IT infrastructure across the entire company...in addition to focusing on scalability and streamling...in a state with well established rules/regulations/taxes/pricing. These are all things that we take for granted, because it seems like common sense...however these arent things you hear talked about as "concerns" for the major MSOs. They are just focused on revenue and capital. Not only are the MSOs burning cash making these 'land grab' moves they are eventually going to need streamline and sync up their businesses/acquisitions. Sounds expensive, not to mention extremely time consuming, and they are doing it based off of national hype while both the federal and (a majority of the) state levels are still battling a huge "gray area".
GoldRush, I posted a podcast on it, newest one I could find with Haupt. The Sorry We're Stoned podcast from Feb 25th. The interview is from 27min-53min.
This was an interesting interview. Most of the capital companies looking away from the MSOs and toward SSOs or the private market because ROI is better, due to lower revenue multiples:
https://thedeepdive.ca/us-cannabis-public-companies-are-only-the-tip-of-the-iceberg-the-daily-dive-feat-emily-paxhia/
This isnt the first time that I have heard this. It has been mentioned multiple times on the Cannabis Investing Network podcast...which is my favorite podcast in regards to the industry.
....SHWZ board post #10,000! We've come a long way!
We must finally end the federal prohibition on marijuana, advance criminal justice reform, and ensure equity for communities impacted by the War on Drugs.
— Chuck Schumer (@SenSchumer) March 11, 2021
That is why I’m working with @SenBooker and @RonWyden on legislation for comprehensive marijuana reform. https://t.co/w6NMejAxGe
Thanks DD for the reply. That is the goal. I anticipate another green day considering British American Tobacco will invest 176M in OGI, or approx a 19.9% stake in the company.
That made me laugh. Thanks DD.
Keep in mind before being removed from the website his title went from Chief Cultivation Officer to some type of Cultivation Consultant role.
Hoop, I thought something similar. Haupt has his hand in all facets of the industry...and literally the face of Schwazze with the book, defoliation technique and nutrient line (if he left and kept growing "his" method, could he be sued since it is now property of SHWZ?). I know someone mentioned SuperFarm, but he is also co-owner of a CBD company (Plant Love Naturals), with his wife. He did a recent interview about it that I posted not too long ago. I wonder if that will end up under the SHWZ umbrella. That CBD company can ship/sell nationally.
I sent IR an email regarding Haupt too and have not yet received a response.
Yeah, I took it as a joke. Sorry if my reply came off as aggressive. I was just trying to think of some upcoming industry news to continue to push SHWZ back to where it belongs. I have picked up a few more here and there as I selling some from other positions. I am also questioning on getting in a SPAC play...last SPAC gamble I took didnt work out as expected. This one redeems its current stock price if the deal doesnt happen.
I dont care how boring it is as long as we are going the right direction. Tomorrow, and really WED, could be interesting. Curaleaf reports after hours. They had a huge 3rd Qtr. If 4th Qtr is near, or more, than their 3rd Qtr they could report close to $500M in 2020 revenue. This should boost the US industry. The Green Organic Dutchman will also report after hours...but their conference call isnt until the following day...and like most Canadian LP will probably be unimpressive.
Yeah, trying to limit my watching. I want to be positive but I am very frustrated at the promises of institutional investors waiting for the company to list on Nasdaq. Plus a few other frustrations causing an overall negative impression that I rather look the other way and keep my fingers crossed. The last spike that almost hit $9, I cut my position in half. I keep hoping for something. Maybe someday it will. Maybe a buy out. Just worried if a buy out came knocking, the company would forget to answer the door.
I would hope he is still involved...I mean the company includes his nutrient line, his book...and literally changed the company to the name of his defoliation technique.
He, and his wife, are very involved in all aspects the industry.
https://blog.plantlovenaturals.com/en/march-2021-newsletter
Recent interview...and WARNING, until the interview, it is a painful listen. Interview starts at 27:42 - 53:00.
Josh always gives a great interview.
Wow, checked after your post and you arent wrong. I know I looked a few weeks ago and noticed his title changed from Chief Cultivation Officer to something "Consultant" oriented. I wondered why the change...
Seems like a coordinated industry dip.
Nice write up DD. Also nice to put a face, and a little personal background, to the name.
Gotta love the timing:
Schwazze will be participating in the Needham 2nd Annual Virtual Cannabis Conference on Wednesday, March 3, 2021. Institutional investors interested in scheduling a meeting with the executive leadership team should contact their Needham representative.
Lazur and Hoop...totally agree with both of your comments.
Initial impressions:
Right off the bat...I like this:
"while the remaining $5 million will be funded as part of the closing of an identified acquisition."
Dont really like the interest rate...but it is what it is (could be standard)...and without seeing the details, I have never liked the idea of "prepayment penalty".
I want to know if there are any other Easter eggs in the 8K to be filed 3/4.