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We'll know a lot in a few minutes after we find out whether they dump into this building bid or not. PUMA and WDCO are both backed way off.
Seriously, all talk of R/S were put to rest last week. Here's a call for truthful pragmatism. There are plenty of things to bash here, but an R/S isn't one.
Not necessarily. In theory, that's how it should work, but this is the OTC, the wild west, and market value is a very subjective thing down here. The good news is, even in a worst case scenario situation, if they were to batter it until the max-out 500 million A/S is reached, 500 million is still a relatively acceptable number in OTC land. The current market value here, according to PPS and share structure, is around a million dollars, which is crazy low considering it's now in the MJ sector. People forget that MJ stocks can catch a weird fever and go parabolic. The recent upgrade to QB and the cancellation of the reverse split were good moves, but the D word that's obviously going on trumps all for now. The chart broke Friday and now we watch to see how low it can go.
On August 8th, there were 27 million shares outstanding. By October 2nd, there were 59 million. So, the O/S more than doubled in less than two months. Who do you think is selling? Who would have tens of millions, nay, hundreds of millions of shares to sell? The A/S is 500 million. Extrapolating from the August to October O/S increase, it's almost a given that O/S is now 9 figures, and the action the last three trading days seems to indicate that they have no plans on slowing down any time soon. If they ever do turn off the spigot, this thing could run like a red-headed stepchild who got into his stepdaddy's meth stash.
It's not going anywhere until the relentless selling stops. WDCO seemed to be the main problem end of last week, but today it's been others. Perhaps when they drop the obligatory press release this week, they'll turn off the spigot for a spell and let it run, but the last three days has shown that the SELL spigot is on full blast and shows no sign of being shut off.
There is no gap. The trading range on Friday was .0131-.0182. The open today was .0139. That is not a gap, as it's squarely within Friday's trading range. A gap would've been an open below .0131 or above .0182. With that said, it's about to go below .0131 anyway, so it doesn't really matter.
GRCK survived the Friday sell-off relatively intact. Next week could be fun.
GRCK is the new kid on the block
GRCK new to the sector and behaving erratically with a lot of volatility and push/pull on L2
What a scumbag. Watching him work on this one, I can see why he got caught...truly awful at what he does.
A one-million-share lunchtime mookie stink...that was pungent
Oh my god...again...WDCO is the worst I've ever seen
WDCO is a terrible MM
Rumble before takeoff or wheel spinning?
...and another pants load. Management must've had a big lunch...really unleashing now.
This ride is a bit nauseating, but sort of fun, I guess. Good volatility. Sucks about the relentless dumpage...they have enough true believers here and could let it run a little more.
HOLY COW
Those 55's and 57's just got pounded
Buying pressure building
Technically, the gap is .0155 (high on Monday) and .0158 (low yesterday).
As per the recent filings, they're about to dilute this thing into oblivion instead of, I don't know, expanding into new markets like California, Nevada, Oregon, and Massachusetts. Oh well.
Their store near my house in Vegas seems to be doing well. It looks inviting and colorful and sits on a busy corner in an industrial part of town, with many of the grow warehouses in the area within easy driving distance. Share structure is favorable. Numbers aren't perfect, but revenues have increased quarter over quarter for over a year. They are prompt filers of their requisite forms, and they are on the top shelf QX Level of the OTC. Debt seems manageable and expansion is ongoing, as California still hasn't technically gone full rec yet (mid-winter). GRWG is a company I could only dream about back in the olden days of weed stock madness. These guys could be around for decades if they don't screw it up.
I live in Vegas and drive for Lyft, so I have given rides to and from all 3 Blum locations. They have been open for many, many months, albeit only for medical, of course. They were active in the campaign to get rec passed back in November, with billboards and print ads, and they are one of the more respected med shops in town. July 1st is when the rec sales start, and believe me, business will booming.
Wow, they managed to get the 10k out...how pleasing
I'm excited to see what kind of expansion they embark on this year and in the future
And every month is better than the one before
www.prnewswire.com/news-releases/global-cannabis-company-opens-denver-dispensary-at-former-raid-site-300405546.html
That's good news...thanks for the report
As long as Sessions keeps his hands off, this company is going places
Anybody visited one of their stores? Report?
Share structure favorable
This thing is expanding, yet still under the radar
Website looks good
Seattle store is super nice...visited a few months ago
Is the Denver store open yet?