Empire Building 101
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For anyone considering buying this stock I would strongly urge you to go to the website showing each dispensary. I previously asked about the high cost they were asking for these dispensaries. Each dispensary has their own reviews on product and sales. These reviews really do justice for why they paid so much for these dispensaries. Appreciate the fact that SHWZ has not changed much since taking these stores over. This is a top notch acquisition and after spending the time to go through each dispensary "I" get it. Whether you already own this or contemplating buying you would be doing yourself a huge disfavor by not looking at these reviews By the amount of reviews you know they are busy. SHWZ is going to rock.
https://www.starbuds.us/coloradohttps://weedmaps.com/dispensaries/starbuds-3-6-nw-denver/reviews
Tomorrow should be a better day. Agree with that. We are so under the radar but from what I understand quite a stigma from the prior CEO to overcome . Apparently from the DD I read they had a lot of ditch weed and just a real poor reputation. That alone can be quite a hurdle to overcome. I have read the ratings and most are very good in Co. Not really sure if this is one of the purchased stores or one to be purchased but like all other stores the reviews are overall very good. This is key to success. With this management great things are happening.
https://weedmaps.com/dispensaries/starbuds-3-6-nw-denver/reviews
This is a month old but quite relevant with all the hype whereas many investors are buying anything related to marijuana. But here is something quite unique for any pot stock under $5. This is must read for newbies.
https://finance.yahoo.com/quote/SHWZ/analysis?p=SHWZ
Also management owns over 35% of O/S.
Share Statistics
Avg Vol (3 month) 3 197.54k
Avg Vol (10 day) 3 234.16k
Shares Outstanding 5 41.93M
Float 26.91
https://finance.yahoo.com/quote/SHWZ/holders?p=SHWZ
Looks like their is many more shares hidden. I have bought a very good amount today and we have really done nothing after open with average volume. A little disappoint to say the least.
I bought 10k shares today. Finished up with another 2k buy at $3.20
Volume picking up. Break out is definitely coming soon. Buyers are back imo.
Hopefully. Just took another 1k at $3.17 Almost all stocks within this sector have gone up significantly. Again I feel so safe buying here looking down the road 6 months. Now I buy 1k and the ask goes from 4350 to 1250 yet the total volume traded was just my 1k. Looking like the mm's playing games.
Just grabbed another 1,500 shares at $3.17 It did not change the amount of shares on the ask. Must be a lot of hidden shares. Anyone have level 2?
Dropping nicely. Might have to add
Is anybody home? Been trying to help out here.
Filled Buy 2000 SHWZ Limit 3.20 -- -- 10:17:17 02/10/21
Bought 10k today.
I do agree and really one of the matrix I feel very strong . This is my exception. With that said I believe they will do much more than $100 Mil in 2022.
I totally agree. I did say that even though they gave a few more preferred shares they added another 6 months where they could not sell which was very good news. Appreciate all your well thought out responses.
This is my only stock in this sector I am accumulating as IMO many will dump soon when reality sets in.
Stocks going for $50 and should be profitable next year.
Here we have one that is $3 and will be profitable this year.
This is a no brainer stock and absolutely one of the lowest risk in this whole sector. Although I do believe very strongly in one other ventures from Canada that is getting in larger in US through e-commerce acquisition.
New is news and material and must be reported in a timeframe. Unlike a P&D which is to directly impact the PPS immediately with a disclaimer. In all my years as an investor/trader the impact of any stock directly relates to the success/failure of a company l-term. Watching so far in my very short time here this guy is trying to build a successful business and no interest in artificially raising the PPS only to watch it drop on nefarious after hour news or before. The Friday after hours new was just news and could have been released Friday after hours because it was only a partial acquisition in which many expected all dispensaries closed. For me it was good news as they are doing what they said they were doing.
For me I believe very much in Warren Buffet with his infamous quote about investing. "Take care of the company and the company will take care of the stock price."
Patience is required here and with so many junk stocks in this sector going into stratosphere lately most of my profits are going here.
As these deals were done months ago I will say it was disheartening to see they increased the preferred even though the deal was still $9.3 Million. Gives the preferred more shares at $1.20 However, they can not convert for I believe 18 months and then only so many at a time. This is very good as we should totally be profitable by Q2 of this year which should have a stronger shareholder base.
Shares are high and they should be at $15 mil Qtly by Q2 21. Also note they are involved with CGC and TCNNF. The management is very focused and will be profitable this year. Do some DD. Not as good as HITIF but making and distributing edibles will be large.
Glad to hear that. This is one that I will hold 50K l-term and trade a little but definitely going to a buck very soon. IMO this week! My belief day traders will be doing their thing!!
BLOZF will be l-term for me as I believe it will rise slowly and gain traction rather quickly once the word gets out. I also added SLGWF as it is one of the penny stocks like HITIF tnat will have a very good future and excellent management.
Took a starter in BLOZF. Also added to SHWZ at $3.10 as they have not participated in this recent rally. Yes it is getting harder to find value. I bought HRVOF yesterday because it flipped up on the screen without doing any DD. It went up 50%. It is a POS IMO and this rally has to be coming to an end.
Going to call it. A break out tomorrow as we have consolidated enough.
Got a starter position today. Everything seems over priced in the marijuana sector with tons of competition. This one appears to be a no-brainer.
Could be. I added another 2k today at $3.10. Wasn't going to add no more but everything has moved so hard IMO almost everything is overbought. Thus a lot of cash. SHWZ is extremely undervalued if you look at PPS and the closing of the deal. While nothing is 100% the closing is as close at it gets. May add more tomorrow if we back down to $3.10
Disclosure: 02/09/2021
ROLLOVER IRA
Buy 2,000 Shares of SHWZ Limit at $3.10 (Day) Filled at $3.10
$6,200.00
Up 100% in a week and nobody has nothing to say or did everyone sell before it took off? Personally I sold 5k today and yesterday to lock in some profits. However, I believe $1 is coming soon as we appear to be consolidating nicely with good volume. Tomorrow is very telling. GL to anyone still here.
Therein lies the issue. Unless we get another acquisition besides Star Buds.
Hang on to this rocket or you are going to fall off.
Agree but tomorrow is going to be a rocket. I believe we close .75+
Stairstep has looked beautiful here. Close above $4.10 tomorrow should be almost a gimme is what the volume has been saying. Need blow off top and it is not yet here. Thoughts?
This did not help at all as it appears they will boycott LHSIF. Personally I have to vote yes as this was the nail in the coffin for my decision.
https://www.reddit.com/r/FLMedicalTrees/comments/lem6p3/jellier_cake_bugs_and_mold_liberty_health/
With no R/S I would say $2.00 based on the 500 Mil O/S which would be $2Bil Market Cap. They now have an incredible Balance Sheet and will be profitable. I have a high degree of confidence with that PPS as that would be about 8x Sales which is a little high but considering the growth projected here and new stores open they deserve a premium. Have 95K and will keep 25K for l-term. Same thing I did with LHSIF. They could very easily become a target themselves.
In all reality try and have td and fidelity as fidelity often time charges $50 for some Canadian stock trades whereas the $6.95 is relatively cheap. Also some times TD does not allow you to trade certain stocks thus the reason I have multiple accounts....jus sayin. I had CMTMF and was charged $50 to sell and ending up paying $150 as I do not dump large trades on a thinly traded stock putting downward pressure.
More news insiders put money into the $20 Mil deal. Verified.
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Robert de Prest shared his first post.
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So the new bought deal announced last week we all thought was strong. What if the Chief Financial Officer, the Vice President and the Corporate Secretary of the Company all bought shares. Would that make you feel more positive? Well they did participate in the Offering and acquired up to an aggregate of 3,120,833 Units.
I feel comfortable when "insiders" drop 1.5 million dollars of their own money into the company.
All this comes from Sedar filings Feb. 5/2021
Not really I have strict guide lines with exit points without letting greed get involved. For example the stairstep you talk about when it gets to exit point start selling. Not many things should deter anyone from this strategy but yes their is the exception. For example here would be a NASDAQ listing. which would bring institutional demand with less supply with a R/S and as someone else mentioned get rid of the penny flippers. I will be selling another 5k for every .05 we go on 401k while holding shares in my trading accounts as I believe strongly we are going much higher and will eventually get to the promised land here as the fundamentals are getting better and better. AS always IMO. GLTY Sir and thanks for all your input.
With 13 million shares supposedly shorted Friday any significant buying could potentially blow this out of the water and straight to $1 regardless of the RSI. With what happened in GME any heavily shorted stock has that potential IMO
Totally agree with your thoughts. Would just add that going forward I will add only with a PR of good news. Added about 9k on this last dispensary. Going to sit pat until more good news. Take care and as always GLTY Sir.
E.R. should show about $8.1 Mil in Revenues for Q4.
I bought a few more at .525 Friday and actually sold a small amount (5k) at .61+
PS I believe it is going to run more before the sell off. Of course IMO.
Future2016, you nailed it on post 8875. JD has worked out a great deal to bring Starbuds under the SHWZ banner, at a cost of less than 2 years of Starbuds earnings.
Not true. You meant gross revenues not earnings. Huge difference.
What were the price of options before the repricing?
Please continue to talk as I appreciate your informative and well thought out comments. Dye did say they would not buy anything unless it was accretive and that alone is very positive along with validating paying the big bucks. My take is their is much in the works and yes the price for this acquisition is expensive. However, I believe consolidation is coming very fast and many mom and pop stores goose has been cooked. While I believe this company will thrive I also believe it is prudent to ask questions and get satisfactory answers from the old timers and not just the crap to the moon. Again thanks
Can they buy other dispensaries and put the Star Buds logo? Probably not IMO.
So they will have 5 more dispensaries plus 6 licenses to build five more dispensaries plus a grow facility. Am I understanding this correctly?
Right but 5 dispensaries going forward for $72Mil which comes to $14+Mil per dispensary. Seems quite expensive. My thoughts is SHWZ bought the under performing dispensaries and the real money makers are what they are struggling to buy. It would have been nice to mention stakeholders with this statement.
“We are thrilled that an additional two Colorado Star Buds retail locations are joining the Schwazze portfolio and look forward to the final five dispensaries being acquired soon. Becoming a part of Schwazze provides exciting opportunities for Star Buds’ employees, customers and the Colorado cannabis industry,” said Brian Ruden, Star Buds owner, operator, and Schwazze Board Member.
Still not sure the rest of financing is secured and may be a factor for the stock ripping forward.
The acquisition follows Schwazze's previous acquisition of six Star Buds locations across the state. The company hopes to close on the rest of the stores by the end of March 2021, bringing the total to 13 if completed.
The Company anticipates acquiring the remaining five Star Buds dispensaries in Colorado by the end of March, subject to securing the requisite financing.
So far SHWZ has spent $37.1Mil for the 1st 6 dispensaries and $9.3Mil for the recently announced dispensaries for a total of $46.4 Mil. This comes out to $5.8 Mil per dispensary. I realize Star Buds is top notch but this seems quite expensive. Anyone comments or thoughts? Here is a list of dispensaries in Co.
https://www.bizquest.com/marijuana-company-and-facility-for-sale-in-colorado/