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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.
The recent CEO Podcast should catch you up to speed --
Can't say I didnt get giddy at the idea of some 1.80s coming...but the realist in me didnt expect it to happen.
Yeah I was sitting low debating all day...and did the same. Moved to 2.26 at the end to try to beat the 2.25, but missed the wave. Caught sleeping. Should have went the second I saw VERT and OTCX move up.
Bid moved up quickly at the end of the day.
https://www.thefloridastar.com/articles/nba-legend-isiah-thomas-sets-up-to-dominate-the-pan-american-cannabis-space/
All stuff we knew...but getting some recognition.
We see it as a gift...but let's all hope we didnt buy too early.
I am glad you were patient and waited.
WHAT!?!?
Prepare for 2.36...since I jumped and grabbed at 2.53. It always seems to go where I was...before I ran out of patience.
Were...but this industry is in a blood bath. I have a small order sitting low just incase. Not sure when this funk will reverse.
I must say, I appreciate the open dialogue and the all the knowledge on this forum. Thank you all!
I hear you. My struggle is determining where I think they both will be in a year from now...to determine return on investment. I know it is a different company, but have learned the hard way when it comes to companies speaking towards 'non-binding letter of intent'...or anticipated acquisitions. I can get get an idea of revenue based on number of dispensaries...it's the cultivation facilities that I cant judge/estimate.
I know...but I am looking at the positive. You are holding it down below $3 for me...and you are also buying me time to decide if I want a handful of more shares here or 6 times the amount in another option.
So torn on where to place my small investment this week. Right now it's between here and one other one. Both could go at anytime...just trying to figure out which will end up as a better return...for the amount of shares a small pickup can get you. Right now my bid is placed with the other one but I am fighting myself over pulling it and moving it here. This is priority 2 out of 3 on my list. Was really expecting to see 0.335 today, but it doesnt look like that will happen.
Been here long enough to know not to panic...still give in to FOMO. Probably gonna move to come in just above, or with, the 2.68...I still think it will hit that, as a double bottom, before moving forward. Industry sentiment seems bullish today.
Nice to see the industry reversing today...especially on a Friday. Cant seem to find any 'real' (overnight) news to cause the flip. I know you're ready to pounce. Were you sitting earlier at 2.65 and 2.68, then pulled them?
I get what you are trying to say...but please do not compare this company to ACB. Terry is fiscally responsible and trying his best to look out for shareholder value.
Interesting premarket so far today, MSOS is down but the Canadian LPs seem to be bouncing back. Maybe we double bottom at $2.68...or maybe we reverse course as well. I'll probably move my bid up and sit in the mid-to-low 2.60's just incase.
Sorry, just wanted to post because I finally found the number. As expected, less out the CEWS and Tilray failed to meet analyst estimates by $5.5M:
Tilray Revenue came in at $56.6 million, up 20.5% from a year ago and 10% from the prior quarter. That was above Zacks estimates for $55.55 million.
Canada Emergency Wage Subsidy (“CEWS”) Our Q4 2020 results include $6.6 million of salary and wage subsidies (12% of their revenue).
Over the course of 2020 we eliminated close to 500 positions (40% of their workforce) and achieved an annualized savings impact, net of severance costs of $40.3 million.
Well you might want to reconsider...Drugdoctor's recent post will probably prevent anyone sitting at 2.50 from getting a nibble. The one thing that has been true with this stock this thing tends to like dip 2 (solid) support levels...usually the first one because the market has a tough day...and the second because MMs trigger stop losses. I missed out on 2.68 the other day because I pulled my order about an hour beforehand to take advantage of another companies dip...and also because the stock seemed to be holding up well. With tomorrow being Friday, if MMs trigger stop losses you might catch mid-to-low-2.50s.
Sad to say it...but also to answer Steven when he was talking about pinching pennies the other day...some of us have been here long enough to feel the (constant) pressure of FOMO and the company sitting on news, only to buy (countless times) and miss an even better opportunity a few days later. Sure, one day I might miss a transaction executing...personally if it happens I wont miss out on many shares. I am content with how many I have so most of my recent adds arent "life changing". I will probably put in a small GTC order around the 2.50 level in the event the market makers trigger stop losses in the near future.
The other good thing is that the company is only authorized for 75M shares. Meaning they really dont have much room to issue new shares into the market (dilution). If they want to increase their "authorized" count, over 75M, they need to put it to shareholder vote. For instance, look at SNDL recently. They are authorized for an 'unlimited' amount of shares...and they have straight up abused that privilege in the last three months. November 2020 they had 439M outstanding shares, February 1st they had 1.56B outstanding shares...and just this past Tuesday filed to issue another $1B in new shares through a shelf offering.
Yeah DD, I am not impressed with the Canadian LPs earnings...and maybe that is just me missing things. Speaking 'in general' and not at you, but when did "beating analysts expectations" mean anything? The others were the same...when you dig into the numbers, Canopy and Aurora "beat expectations" but, ironically, by less than the amount given to them by the Canadian Govt as a COVID subsidy. I haven't done the same review for Tilray, but I did see that for the quarter the net loss was 3M. When looking at 2020 as a whole, revenue was up 26%, compared to 2019, but overall EoY net loss of $271M. Still not impressed by our neighbors to the north.
Not that it applies here...Just some industry news with our neighbors to the north. More consolidation occurring. HEXO will be acquiring Zenabis in an all stock deal.
Well said Hoop.
It's frustrating. Without checking the board, I was doing something similar. I saw VERT and OTCX with their "100" bids so I put a ask (a whole heck of a lot lower than DrugDoctors) at a cent lower then their ask to force them down. I just want them to sell out, they frustrate me. Almost immediately they undercut me...so I let my offer sit for a little and then removed it.
Personally, bought as much as I could last Thurs and Friday...holding my breath hoping I can get at these prices come Friday. If I miss out though, good for all of us. Like most here, I have other fires that can use some kindling.
Rail, they are a smaller company primed for a buyout because they are in 8 or 9 states...all major up and coming states. Personally, I like the SHWZ SSO option right now because the rest of the nation is trying to settle in. In doing so laws will be (constantly) changing (a nightmare to business)...people will want their cuts...and I like the idea of staying strong in a well established state...and on the sidelines until things get ironed out. I think in doing so they will be the right to capitalize later when pricing across the nation levels out. For instance Vireo is in PA...and PA flower is like +3x the price of Colorado. Anyone wanting in PA sees dollar signs and will probably pay a fortune to enter the space...seeing that they should generate quick returns. Well PA, once it finally comes online (recreationally) and more players enter the space (not to mention surrounding states are also going legal)...do you really think the +3x price for flower will hold up? I dont. I see SHWZ as in the sweet spot. Make revenue in an established state, optimize operations and then carry that forward to other locations/state in the future...when business in those states arent used to trying to make a profit when flower sells for $20 and eighth...instead of $60.
"In Colorado, a full ounce of average weed often sells to consumers for $190. In Pennsylvania, the price is closer to $500."
https://www.inquirer.com/business/weed/medical-marijuana-pennsylvania-why-so-expensive-cannabis-20201221.html
Just happy to see that there was something available to fill the void today.
This podcast posted recently:
Well you beat me to it...and your write up was better. I was just gonna say better to be down 6% then 25%, 35% or 50%. With "Reddit" appearing to bail out of the cannabis sector, I think it caused a shockwave across the entire industry...because I dont think most investors knew what they were/weren't invested in. Feared of the floor disappearing caused profit taking. Heck, I know I did it.
Did the same thing. Bought more at the open...only to see it dip (typical after I buy)...so I lightened up some other positions to pick up more at 3.04. Not sure who is or isnt being hit with this Reddit run right now. Just know it isnt SHWZ. I would rather run organically then on hype.
I realize that. I am not saying that it should or shouldnt happen. I know some on here already believe that they are grossly overpaying for their executives. I just wouldnt be surprised if it ends up happening down the line. He has a few intangible assets. He is seen a a CEO, in the business world, he has always had a way of translating the science into layman's terms and, in general, he is very relatable to the common person.
Should be place guesses on how long until Terry is brought under the Lexaria umbrella? He has always been the companies biggest advocate.
sello, you have been putting in effort drawing attention to the company and your DD. You want an interesting find? Montel interviewed Dr. Kenneth Perego recently. Then in a later interview with Big Mike (27min mark and 31min mark), Montel almost let the cat out of the bag. Said he is "working and talking to a company out of Colombia right now". Now he already has his own cannabis oils line...so I assume that there is some conflict of interest in that side of the business...but during both interviews seemed very surprised/interested in hemps ability to not only be a super capacitor but also used to produce hempcrete.