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Could be fun to watch the remainder of the day, the big boys are back in the game on both sides.
While the indices aren't showing it very well, the small caps are roaring.
That is why I would love to see them move into Oklahoma next so they can border Texas. While Oklahoma has some stressed margins and is not recreational yet, I think Dye can come up with a reasonable deal with the current Starbuds store owners in Oklahoma to make it worth their interest. If I were a current Starbuds owner there, I would be looking forward into the future to have the opportunity to be part of a growing juggernaut and future nationwide brand. I am sure Dye could figure out a way to make it profitable enough to make the purchase feasible.
The bulls are trying to break the $25.00 barrier in $MSOS again this morning. If they can break it and hold, we could see a very bullish pattern in cannabis next week especially if the $26.00 level in $MSOS gets broken. Until that happens, we have no conviction of follow-thru to keep the upside going.
If Dye expands anywhere, it will be to a neighboring state of Colorado such as Oklahoma or Arizona or any of the others.
There is no way SHWZ is going to Florida. Trulieve owns the market in Florida.
One of Dye's best traits is logistics and Dye is building a regional powerhouse so whenever legalization comes, Dye will be able to build out a more efficient company that can streamline across state lines so he would be able to cut even more costs and become more profitable.
There are approximately 27 million shares in the free float.
We are not all good to go yet. It was looking great earlier when we got over $25.00 on the $MSOS ($25.63 high) and gave it all away with the market selling off and now closing at $24.07. We need to stay above $25.00 and if we can get above $26.00 then we should be in a new confirmed upward bias.
We are heading in a better direction, but we still have some headwinds ahead of us.
I have done research on Dye along with a few personal management friends who have worked in the grocery business and stated that Dye is an incredible leader, and they are very impressed by his past accomplishments.
When he took over SHWZ, I became a big believer on his leadership and what he could build the company into. He is a great builder and consolidator of brands and knows how to streamline costs. To be honest, he has surprised me at the rate of speed he is building this company into now. Every deal he does is accretive to earnings and profitable along with the speed to get them approved.
My original expectations if we got legalization or SAFE banking approved was $20.00 a share within 2 years of passing. But with the speed of growth and earnings that Dye has accomplished, it wouldn't surprise me to see $50.00 a share within 2 years of passing. I know Dye has stated he would sell for $100.00 a share; I won't argue with that for sure but don't know how realistic that is.
But in the current real world now, SHWZ is most likely the most undervalued cannabis company in the stock market. So, with the cannabis sector making a correction and having bottomed out and now in an upward trend and I believe we will see maybe 2 or 3 bigger acquisitions by SHWZ and probably expansion into 1-2 more states this year. If that were to happen, I believe we could see a stock price close to $10.00 a share by the end of this year.
Just my thoughts on your question.
Future, take it easy buddy. $MSOS broke $25.00, now has to hold it. If $MSOS breaks $26.00, then the breakout begins.
If we get the breakout in the cannabis sector, with SHWZ's upcoming earnings, cash on hand and undervalued stock price, the big cannabis companies will start to look at SHWZ's balance sheet/value and realize it would be a great takeover play. I don't believe Dye would accept any takeover attempt and since he controls more than 50% of the stock, he would have to approve it to take place. But one of the big cannabis companies will want to grab up a money-making machine that SHWZ will become. Just a scenario that could happen, but I wouldn't want to accept it unless it was completely outrageous.
But more in a realistic world, if SHWZ really surprises to the upside in earnings and the cannabis sector in an upward bias, I wouldn't be surprised to see SHWZ trading somewhere between $5.00-$10.00 in the 3rd quarter of this year because earnings should be fantastic with all these completed deals under the SHWZ umbrella.
Just throwing some thoughts out there for all, don't shoot me.... LOL
Getting closer to blastoff.... if the $MSOS can get above $25.00 and hold then we are in a bullish pattern.
If we hold above $MSOS $25.00 level, with now all the deals closed and what should be excellent earnings, I still predict we could be testing the old highs of $3.25 in the not-too-distant future.
5:30 AM CST | PR NEWSWIRE
SCHWAZZE CLOSES ACQUISITION OF EMERALD FIELDS
Schwazze Continues Colorado Expansion Strategy with Emerald Fields Cannaboutique Dispensaries in Manitou Springs & Glendale, CO
DENVER, Feb. 10, 2022 /CNW/ - Schwazze, (OTCQX:SHWZ) ("Schwazze" or the "Company"), announced today that it has closed the transaction to acquire MCG, LLC ("Emerald Fields"). Emerald Fields is the owner and operator of two retail cannabis dispensaries, located in Manitou Springs and Glendale, Colorado. This successful acquisition is part of the Company's ongoing retail expansion plan in Colorado and New Mexico, bringing the total number of dispensaries the Company operates to 32.
schwazze.com (CNW Group/Schwazze)
Total consideration for the acquisition is $29 million and will be paid as 60% cash and 40% Schwazze common stock upon closing. This is an estimated 3.8 multiple on 2021 Adjusted EBITDA(1).
"Our team is delighted to add the Emerald Fields Cannaboutiques to our growing portfolio of dispensaries and are eager to welcome the team to Schwazze. Manitou Springs and Glendale are attractive locations and valuable assets to our overall growth plan as we continue to build out Colorado. Our team is excited to add another store brand to our house of brands." said Justin Dye, Schwazze's CEO.
About Schwazze
Schwazze (OTCQX:SHWZ) is building a premier vertically integrated regional cannabis company with assets in Colorado and New Mexico and will continue to take its operating system to other states where it can develop a differentiated regional leadership position. Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. The Company is committed to unlocking the full potential of the cannabis plant to improve the human condition. Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. The Company's leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector. Schwazze is passionate about making a difference in our communities, promoting diversity and inclusion, and doing our part to incorporate climate-conscious best practices. Medicine Man Technologies, Inc. was Schwazze's former operating trade name. The corporate entity continues to be named Medicine Man Technologies, Inc.
Schwazze derives its name from the pruning technique of a cannabis plant to enhance plant structure and promote healthy growth.
Forward-Looking Statements
This press release contains "forward-looking statements." Such statements may be preceded by the words "plan," "will," "may,", "predicts," or similar words. Forward-looking statements are not guarantees of future events or performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control and cannot be predicted or quantified. Consequently, actual events and results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; (v) difficulties in securing regulatory approval to market our products and product candidates; (vi) our ability to successfully execute our growth strategy in Colorado and outside the state, (vii) our ability to consummate the acquisition described in this press release or to identify and consummate future acquisitions that meet our criteria, (viii) our ability to successfully integrate acquired businesses and realize synergies therefrom, (ix) the ongoing COVID-19 pandemic, * the timing and extent of governmental stimulus programs, (xi) the uncertainty in the application of federal, state and local laws to our business, and any changes in such laws, and * out ability to satisfy the closing conditions for the private finding described in this press release. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise except as required by law.
(1) 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.
Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/schwazze-closes-acquisition-of-emerald-fields-301479339.html
SOURCE Schwazze
We need the $MSOS to break $25.00 level and then the sector is in a bullish mode. If $MSOS breaks that level and with what should be excellent SHWZ upcoming earnings, there should be little resistance until the $3.25 area.
With the New Mexico deal now closed, Dye could sell the company anywhere between $5.00-$10.00 a share easily in my opinion currently. Probably would have a bidding war if that was in his thought process, but I know he is building a juggernaut here, so I know that is NOT on the table.
Just looking forward to seeing the cannabis sector reverse and get to a reasonable level to give SHWZ a respectable value. It would be nice to see some optimistic posts and vibes back here on this chat board.
Wishing everyone the best!
We are not there yet, but we are getting close to a reversal in the cannabis sector and the start of a bullish run. If it does happen by the end of the week, we could see SHWZ back to the old high of $3.25 in the near future.
Nice to see some action today and a decent amount of shares trading. I was wondering if everyone forgot about this company. I think we are going to see some surprising numbers when the next earnings come out.
In my opinion (which isn't worth much as all of us with our predictions for SHWZ lately), I believe we are really pretty much at the bottom for the cannabis sector. If we get another selloff, it will be the last. There are some cannabis companies that are pure garbage but some of these companies (SHWZ included) that are or going to be money making machines. There is just too much value in share price and assets to not see some kind of rally in the profitable companies.
Fingers crossed I am right and seeing the tide turn.
Translation, let past cannabis criminals out of jail but not pass legalization because we still need a talking point to get your vote
damAcon1, I appreciate your counter feedback. I am trying to create some thought and conversation on my end. This is the way I see it...the value in cannabis now appears in the MSO's. With Dye moving into New Mexico has added much more value to the company than just the acquisition price. It makes SHWZ a bigger competitor to the major players.
My theory is a prediction of what is going to happen and my thesis for SHWZ to move into Oklahoma now if the price is right. With New Mexico going recreational and Colorado is already recreational, Oklahoma's cannabis business is going to be under immense pressure to become recreational also. Many customers will now be able to drive across state lines to purchase cannabis since Oklahoma is adjacent to CO and NM. If OKlahoma doesn't get up to speed and cannabis gets legalized, then it will lose out on great tax revenues because the cliental will have established crossing into these states to make purchases.
Starbuds in Oklahoma just opened an 8th store, so it can't be that bad to make some money. Also, establishing the existent Oklahoma Starbuds stores under the SHWZ umbrella will give these stores a better identity and reputation like franchising. There should be a more consistent buying experience for the customer. Also, by moving into Oklahoma it will give SHWZ a customer base on the Western and Northern border of Texas. That should give SHWZ the inside track of future business to moving into Texas easier which would be hitting the lottery jackpot.
If Dye could get those Oklahoma Starbuds at the right price, those stores should jump at the chance. In my opinion, Dye doesn't need this deal to be profitable, just a breakeven deal to set up for what I see as the future of legalization of cannabis and growing SHWZ into a bigger MSO. Then SHWZ would be the major player surrounding Texas and it should make entry into Texas easier because of familiarity of the brand to customers. If the future holds what I see as a big picture for cannabis holds true, SHWZ would be an industry giant just by being in the 4 states alone of CO, NM, OK and TX.
So, it is a guessing game on my part about my thesis, but it could provide a tremendous payoff if it came true. I will throw another wild curveball out there to all of you, but Arizona cannabis is booming and it wouldn't surprise me to see Dye try to make an acquisition into Arizona which definitely would be more expensive than an Oklahoma move. I just don't think Dye is going to sit on his hands with the cash in the bank the company has. With cannabis companies stock prices at these cheap levels, it makes sense to make a move now before they become more expensive. Just my thoughts so don't shoot me......LOL!
Gee4030, thanks for the kind words. Pretty much all the posters on this chat board are value and smart investors which is the key to surviving this market downturn. Just think, when Dye first invested in SHWZ with his own money the stock price was around $1.20 and here we are almost 2 years later, and we are only a few cents above that price, and he is the smartest guy in the room for this company. Dye has built this company into a juggernaut and the value of the stock price is really undervalued. This stock is so cheap here and when/if the bloodshed turns in the cannabis sector, this stock could be $2.50 in a blink of an eye just to get the ball rolling.
The other thing (not necessary SHWZ related) to consider is that many of these retail traders took their COVID money and put it in the stock market. We have been in a bull market for over 10 years and these people have never experienced a bear market and basically never have had a money losing trade. I believe we are still in a bull market, but not a roaring bull market any longer and we really needed some kind of correction. Now these investors are feeling the pain and maybe they will learn their lesson of doing due diligence in a company. Just review the investors in Gamestop and AMC and it will show you what uneducated investors are gullible of. By us being value investors, we know there is a floor in the stock price around this level.
The cannabis sector bloodbath should be over really soon. While there are many cannabis companies are losing their shirts, the profitable ones are going to take over the sector and put the weak ones out of business. I got grief from some here on this board about SHWZ expanding into Oklahoma and today Grow Generation (GRWG) one of the best cannabis companies in the business opened a new facility in Oklahoma today. If they see value in Oklahoma with cannabis prices under pressure, it tells me that the money makers will be looking to grab up MSO sectors on the cheap. With 7-8 Starbuds already in place in OK, then SHWZ has the connections/relationship with Ruden to get them to jump onboard cheaply so they don't miss the money-making train pulling out of the station.
Just my take on the situation and as the saying goes "know what you own and own what you know". Being a SHWZ shareholder will pay off handsomely, but it is just going to take longer than we thought and when the bloodshed in cannabis is over, the recovery could be surprising.
Wow just logged in to see the most posts on a weekend in many months. Also, sad to see the tone and frustrations growing here. This board has been (and hopefully will continue to be) the most class act and educated group of shareholders on any chat board and we need to stay that way. I read many chat boards and see such discourse and many lies posted on them. A chat board is a great information center to learn about a company but if you purchase a stock, you must do your homework yourself and not depend on chat board posters as your primary information source. The shareholders here are the most research driven and educated I have ever seen, and we need to respect each other because we all want the same thing here and become rich from being a SHWZ shareholder.
In the past year, none of us have been right with predictions in SHWZ. We have all been wrong despite knowing what a great company this is and no matter what any of us post on this chat board and any other is going to bring enough buyers currently to change the stock price direction. The stock market is going through a re-evaluation and adjustment and there is no way to know what will happen because the stock market has never had to deal with a pandemic scenario in its history. If we were in a normal economic scenario then we could figure it out, but this inflation scenario was caused by political discourse. COVID, shutting down American pipelines to force green energy plays, paying people to stay home and not go to work or working from home, not agreeing on any kind of stimulus package (that benefits Americans, not social justice), not passing a cannabis legalization bill despite 75% of Americans want it legalized has been caused by human discourse in our political parties never seen before. How it ends and how it affects the stock market is still unknown.
Now getting to the stock price, the cannabis sector is the crapper and nothing any of us can do right now will make this stock go up. Not earnings, acquisitions, conference calls from Dye will change it, only legalization or SAFE banking would do that immediately. The stock market and trades are 80% driven by computer trading algorithms, not individual purchases. How you make money is to stay in the line of fire and be on the other side of the algos. It is disheartening and takes courage to fight the trend but when it does, you will hit a homerun especially if you are purchasing shares in a profitable company.
Justin Dye is one incredible CEO and him cancelling a podcast means nothing because he will just be repeating what he has been saying for weeks now. He has been out there doing as much promotion as possible, but the cannabis sector stinks right now. He is also a professional and is not going to be making any major announcements without a press release first. Every deal Dye has announced has gotten done or will be done. He made sure all the bad deals on the table that were suspect by our previous CEO (AW) were cancelled and only went forward with the ones he thought were wise and he completed all of them. You show me one cannabis company other than SHWZ where the CEO has put up more personal money or has more on the line than Dye? There is none!
I tried to stay on topic on the company and not gotten personal with all of you because you are a great group. I am as frustrated as all of you, but we need to stay civil and keep our eyes on the prize. Some of you have done incredible research and get us information just before press announcements come out. It just blows my mind to see the depth some of you are hard working at it. I have now just put my faith in Dye because he is something special and I believe he will get us to the finish line.
Well, SHWZ shareholders we are there at the point of capitulation, everything is going thrown out the window especially in the cannabis sector. Totally shocking scenario never thought the great run and profitable companies taking a hit like this. The poorly run companies I expected but companies like Grow Generation (GRWG) and Trulieve (TCNNF) which are money making machines, not expected at all. SHWZ ready to join the few profitable so when this sector really turns, I believe we will see a significant bounce in the share price especially if we see a profitable coming quarter.
I was watching a top-notch small cap money manager the other day mentioning that he sees the cannabis sector at one of the greatest opportunities in the market with upside even higher for the best companies than the gains in cannabis on the previous cannabis peak with any legalization which he thinks will finally come in 2022.
In my opinion and some of you have already been doing, if you want any cheaper stock then now looks like it is the time to buy. In full disclosure, I have not added because I am fully vested but have a sizeable position for a long time and seeking a homerun scenario, not looking to flip.
Right now, owning any cannabis stock is like playing Russian roulette with a bullet in every chamber.
I have always been a longer-term value investor, but I never could have imagined that shares of SHWZ would be at this level with the incredible growth and profit margins this company has in addition to having one of the best CEOs in the retail business.
Many of us have been patient but we are going to remain patient much longer. Hang in there and wishing all of us a better 2022.
The meeting was postponed until 1/18/22 because Suen stated that many of the overseas shareholders never received their proxies at all or on time to vote. So, if you know some shareholders who haven't voted domestically, they still have a chance to vote.
If you voted already, you vote is already registered.
When you voted for the team of board of directors, both Furukawa and Hartman's names are not on the ballot which leads me to believe you are correct in the rumor that they may be gone or leaving the company. I didn't realize it until you just brought it up. They would still be on the website as a board of director/officer until the proxy meeting has its quorum and the new members are verified.
They are still listed on the company website under the officers and director's section currently. You might be right because their names on not on the upcoming new proxy vote.
In my opinion, the cannabis sector stinks, and they are tired of holding and waiting for the share price to go up. Some holders sell their laggards or losers and move their money to another position to get returns. If the sector finally turns, I wouldn't be surprised to see these shareholders jump back in, but they might be paying up a substantial amount to acquire shares again. When SHWZ comes out with their earnings, it will get the attention again in the sector especially since SHWZ should be profitable.
IPS...CDEL (Citadel) handles mostly institutional investors and gets orders for payment for order flow. A great majority of the time you will see CDEL with orders for 5,000 or more which is usually institutions/hedge funds.
Concerning SHWZ, as we know the cannabis sector is in the crapper right now. SHWZ has to be the most undervalued stock in the sector and yet it is one of the best operated and one of the very few profitable companies in the sector.
Most of the cannabis companies are overvalued but the interest in the sector is in the MSO's. While SHWZ has announced the New Mexico deal, the company is still an SSO until the deal gets finalized and approved so it is not gaining traction yet with the share price. Dye is a seasoned veteran in the retail multi-state industry, and he wouldn't have done this deal unless it would get approved. Once the New Mexico deal gets done, it will help the share price. Most investors who have held their shares and stomached the sector decline in the cannabis sector want to own MSO's due to their belief in future legalization or passage of SAFE banking. The sector is looking for big growth revenue potential as the immediate value, not profitability in my opinion. In my opinion that is why the overvalue of the MSO's, not SSO's (especially SHWZ).
I have gotten blowback from fellow shareholders here about my opinion of SHWZ moving in Oklahoma. If legalization (just when, not if) finally comes through then having Oklahoma and New Mexico in SHWZ's foothold, the company will be bordering the north and west of Texas which will be one of the biggest growth opportunities in the industry. SHWZ will have the growth facilities and logistics to get into the state quickly with quality products. With Colorado bordering those two states and then the opportunity to add Texas, that would make SHWZ an industry regional powerhouse just being in 4 states. I believe Dye can get those Starbuds locations in Oklahoma to come onboard at a very reasonable deal because of the value to be part of a major regional player.
These are just my thoughts and opinions. Dye is a master of acquisitions or growth, so I have tremendous faith in his leadership. The New Mexico deal needs to get approved first before I believe any of my ideas could even become considered.
When this cannabis sector finally gets done selling off, SHWZ is going to make a substantial move. Wishing us all a great 2022.
I wonder where that seller of 51 shares at $.158 is going to spend that $8.00 that they will take home. Maybe they should buy some lottery tickets. LOL
I am expecting good things for FIFG this year. I believe we are going to see exceptional sales and growing earnings throughout 2022 and we could see a share price somewhere between $1.00-$2.00 by the end of the year.
With the thin share float and a major earnings surprise, how high will it go will be the question?
Two months ago, three months ago, who cares? All those conference calls in 2021 and Dye adamantly said he didn’t have any interest in going the MSO route. I was one of the few on this chat board screaming that SHWZ needed to go MSO. But when Dye kept saying “no” to MSO, I dropped the issue. Now, SHWZ is a MSO. I just saw the handwriting on the wall, go MSO or you will be going home. The industry is in a consolidation phrase because it is too saturated by money losing companies.
You can contest what I say here but like I said, good management teams don’t divulge their hands. You and I have no idea what he is thinking or doing and he doesn’t have to tell us until a deal gets done.
So I haven’t said anything factually untrue except maybe being off on the exact timeline by a month.
I don’t post much here or anywhere because I hate chat boards because of the vitriol on them. Many people lose their money because they believe everything that is posted is true but so many are con artists. You and I both posted factual information although we have a different thesis on what it means. We both want the same thing to see SHWZ make us a ton of money.
So this is my last post on this debate but am convinced we will see another MSO acquisition sometime soon. I know that Dye will only do it if it is a money maker.
Drugdoctor
Two months ago, Dye was adamant that he wasn’t going the MSO route and now SHWZ is a MSO. I follow SHWZ like a hawk and watch every video and read every presentation thoroughly. I have studied Dye’s management accomplishments and know people in the food industry whom praise him.
Just because Dye says he isn’t interested in going to another state doesn’t mean he isn’t studying it right now and Oklahoma is a no brainer if the numbers work.
Excellent management leaders don’t show their hand and Dye kept New Mexico close to the vest and surprised us with that acquisition. I trust Dye with my investment but don’t believe that he has no further MSO acquisitions planned real soon. I am convinced we will hear another MSO play in the 1st quarter of 2022.
We can have a difference of opinions on this matter. Just because you post it in bold print, doesn’t make you more right than me. I don’t post here much anymore because the only road for SHWZ now is more MSO growth. Dye already has mastered the retail and grow aspect of the business and is the best in the field in my opinion.
One more day before we can get this cannabis sector turned around. Can't wait for 2022 already.
I believe many states are going to pass recreation legislation to be ahead of the curve in the beginning of 2022. With the upcoming mid-term elections, I believe some kind of Federal SAFE banking or legalization will finally take place. Many government officials now realize this is an important issue and most people favor something being passed or they will lose out in the upcoming elections.
In my opinion, I believe Dye can get those Starbuds locations on board at a reasonable price and those locations will want to be part of a successful cannabis company then be left out in the dark or becoming part of a money losing competitor.
I have been stating that will be the next move. I wouldn't be surprised to see Dye bring SHWZ to Oklahoma sometime during the 1st quarter of 2022. Knowing that Dye has the connections with Starbuds (Ruden) already in place, I believe Dye will want to jump on that opportunity before anyone can make major inroads in that market. It makes sense logistically for sure with Oklahoma bordering Colorado and New Mexico, but will it make sense financially (accretive) to earnings?
Definitely someone has an interest in the company. Just need someone to pay up a bit and it could get a nice run. The sell side is very light so it wouldn't take much.
I am going to say that this is going to one of the major surprise stocks for 2022 in my opinion.
True in a sense. Usually when there is a pre-market trade is that one of the brokerage houses has both the buy side and sell side (could be retail) so they can put on the trade themselves. I don't know why they just don't wait until the market opens because 150 shares is not going to affect what could possibly happen today because it happened right around the last sale price from yesterday. Now it doesn't even officially open the stock for the day because it wasn't during regular trading hours.
Hopefully we will get some additional action later today.
There is money to be made on the OTCBB but sometimes it is so frustrating.
If it could get to and break the $.30 level, it could really start to run.
You panicked someone into selling......LOL
It was Drugdoctor that said he wasn't publishing what he found. I would bet to find out that the news you have found is probably the same that Drugdoctor has found also and not posted.
Honestly, I haven't been researching for any additional news because I have so much faith in Justin Dye now, that whatever he decides is alright with me. Dye has much more to lose than me with his percentage of holdings than what I have.
I do a lot of research when I am interested in establishing a holding and consistently monitor for additional news once I finally take one. I was a big poster and contributor on the SHWZ board for a long time but now I don't have any worries with Dye running the show.
If an acquisition gets announced by SHWZ, I consider it a done deal because Dye is a master of merging brands and creating accretive synergies within companies.
I appreciate everyone on the SHWZ board and all the hard work they put in to providing information here.
If you decide to post what you have found out that would be great and if you decide to keep it to yourself that is fine with me also. Whatever you do, I wish you a Merry Christmas and Happy New Year and will watching everyone's postings regularly.
This trade took place around 1:00 pm, not at the close.
The seller could have been a flipper who bought on the Costco news and thought it would go much higher. The buyer has to be someone who believes in the company. This is the 2nd 100,000 share block in a few days.
I believe the Southeast Edibles division is doing better than expected in my opinion.
Doc, I appreciate all your hard work and research that you provide in SHWZ. The both of us have been here along with others for a long time and know what a future homerun this company is.
In my opinion, I prefer the shock and awe approach to getting the stock to run up. All of us can research for information and find possible news if we put the effort in. Many of the posters here do that all the time, but I have decided to not publish what I find because I am tired of helping to providing those that want to sell or hold the stock down with some additional ammo.
For the past few months, I have taken a back seat to posting here. I have seen many worries about the deals getting done. I will say this, if Dye announces a deal, it is a DONE DEAL. It just needs to get the final approval and researching Dye like I have he wouldn't go through the deal without the confidence of it just becoming a formality. Dye is proving himself to possibly be the top CEO in the cannabis business due to his retail background. I knew he was a talented management person but even in my wildest dreams I couldn't have seen how well his knowledge of the cannabis sector would become.
I was one of the earliest investors in SHWZ from the beginning of the MDCL days. I wanted to have a long-term investment in the sector and took a flyer on the company back then. Not knowing that Dye would come onboard and take the leadership of SHWZ was just pure luck. AW turned out to be a disaster and now the company is one of the best in the business. I still hold my entire position and do not plan to sell anytime soon unless we get some outrageous takeover bid from out of the blue. I still see a $50.00 price target on SHWZ with any SAFE banking or Federal legalization passage in the future. Of course, Dye stated he would sell at $100.00 so I will follow his lead.
I want to take a moment to wish all the fellow long time SHWZ posters here a Merry Christmas and Happy New Year and let 2022 be our year to get SHWZ in its deserved price appreciation.
Right, fighting over a total of $55.00. You can't make this stuff up.
These are traders/flippers who buy stocks off the headlines without knowing a thing about them. FIFG is a stock that rarely even does 5,000 shares a day and when the Costco headline came out, it did over a million shares.
So, it would surprise me to see maybe a few others taking their loss here before the end of the year. That seller with 65,000 shares at $.25 probably is another flipper who ran in and grabbed shares off the headline.
Anyone with some patience has a great opportunity to make some serious profits in the future if the Southeast Edibles division really takes off. Being on Amazon and Costco is a good start so we will just have to see how it plays out.