Empire Building 101
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Holding strong and waiting for completion of Star Buds before any more buys. GLTA and hopefully it happens soon.
Going to add more today. Looks like it is going to gap at the open to .41+ I am going to try and wait for the dip and buy under .40 You are right about one thing with me. Alot of the LHSIF money is coming here. Mine has come here and the other one we currently own. GLTA
Agree 67 dispensaries and profitable. Yes smart investors are loading up and hopefully I am one of them...this is an absolute no brainer under .50 as a 6-12 month hold.
My 1st buy was $3.40 and now averaged down. I believe we will make out very good here and will buy another 1100 shares and that gives me 15k. Going t0 get those at the open and then set back and watch. GLTY.
Here they did not up grade but raised the price from $3 to $5. This was on Mnnday the 25th
https://www.pricetargets.com/brokerages/alliance-global-partners-stock-recommendations/
A couple of up grades this week. Still looking for the other one.
https://thedalesreport.com/business/canaccord-upgrades-harvest-health-as-recreational-cannabis-sales-commence-in-arizona/
Added also. 10k at .3731 Should now start the upward trend as flippers and traders move on for now.
In for 10k total. Added 2075. Just gotta go for it IMO. Have a gut feeling here.
01/28/2021 Buy 75 Shares of HRVSF Limit at $3.11 (Day) Filled at $3.11
$0.00
01/28/2021 Buy 2,000 Shares of HRVSF Limit at $3.11 (Day) Filled at $3.11
Average now down to $3.26
RVSF
HARVEST HEALTH AND RECREATION INC SUB VTG SHS
$3.115
-$0.025
-$250.00
-0.80%
-$1,473.40
-4.52%
$31,150.00 10,000.000
$3.26/Share
Totally misunderstood. I was referring to CCHWF as far as Q3. I believe HVRSF is the best bet for the next 6 months going forward on a percentage basis bar none. Going to build a large position as I believe it is a double in 6 months with very little risk. Worst case is break even. HRVSF is now cash flow positive and that alone will increase significantly immediately IMO
John I just looked again and the foot print is good but the financials IMO for Q3 suck. Cash flow is still negative. They do have a better share structure and higher expectations of higher growth. The PPS is double yet projected earnings for this year are basically the same. What am I missing?
Looks like another down day to start. Probably sector wide IMO as many margin calls in yesterdays large drop. This negativity here is very temporarily and a buying opportunity.
I was out all day but will add another 2k tomorrow. Looking to hold 10k for the next 6 months as this companies E.R. should shine brightly. Good grab today. I bought 8k yesterday a day to early as my average is $3.30
Gone for the day and down we go. In all serious will be looking to add if we drop under $2.50 as that would be a 20% drop from our recent high. We have now done 2 Mil shares traded above $3 which is very good IMO. Consolidation is very good and now the reset. GLTA...and buy the dips.
With early sell off I think we came back decent. I am averaged at $3.30 a feel this is one of the most undervalued in the sector currently. Arizona rex. should be very positive for this stock with accretive results immediately.
Bought 8k of HRVSF yesterday at a $3.30 average. After doing extensive DD felt this was the best investment in this sector at this time. Then it crashes to the low of around $2.70 today. Recovered very nicely to close at $3.14 which was incredible as this sector was brutal today. Had I been available I would have certainly averaged down today. All weekend their was lines in Arizona. HRVSF is now cash flow positive and now expected to actually make money starting in Q1. It is my belief that the analyst will quickly start to up revisions very soon. This IMO is the biggest no brainer period. John appreciate your thoughts.
Will still be a very good trade at some point. At that point I might sell 1/2 and really see what happens. In reality, I believe a R/S and a Nasdaq listing and then another double from there.
Really like HRVSF as my new investment and going to forego buying CCHWF for now. Have 4500 shares and believe my goal is 10k this week. The cool thing is even though I have made fantastic money the majority is in 401k. The more I see the more I like it. IMO, almost all of the metrics you have pointed out have been met here. Cash flow low positive and net income coming with huge growth. Perfect formula.
Just grabbed a few more at %4.31
Agree but I have made some real good coin selling close to the top on blow volume and then the reset. Rinse and repeat. With the way this is trading we will no longer IMO be able to buy low. 40's ever. Just to orderly as the consolidation is happening.
Good volume today at 450k. Very shocked we are holding these gains. My belief is day traders hit the open and will sell the close. If that doesn't happen we go much higher tomorrow IMO.
Me too. But a blow off top would have been a good sell and then re-enter. I believe .60 comes this week.
Pretty much my thoughts. Also thinking about a position in Columbia Care. Like Harvest Health I believe the risk/reward in 6 month is zero risk. Just added another 1k of Harvest at $3.37
I agree. All the DD I have done says this is going to be a multi-bagger. IMO, all the MSO's are currently topped out for awhile until. At lest that is how I am playing it. My SHWZ has been on a tare.
Got 3k HRVSF today at $3.39. Probably gong to build a position and keep this long.
As a long here we would appreciate a little commentary here since the captain has abandon the ship and decided golfing was in his best interest...lol
PS If an american company did an acquisition of a Canadian co. would that give them a backdoor to up list
Yes banking. So much dilution as most financiers want 12% plus teasers with cheap options etc. AS far as SHWZ this closing of Star Buds will see the PPS go straight to $5 as cash flow will immediately provide more cash for further acquisitions. Personally I see $10 year end if Star Buds closes.
Hope you were able to get a decent amount. We are in beast mode! I ended up with about 40k. GLTY
Just hit $3.00
Currently no. But it is known fact that administration is going to change laws and many peeps in the know believe this will happen within the 1st 100 days. Banking will be huge!
Totally agree. With the volume yesterday and the 30% gain we will now attract flippers, day traders, and l-term investors. As this gives liquidity I believe it is good. Then comes the institutions who will really make this stock rock. Looking for $3+ today with 500k volume but would love to see another 1 mil. which I believe would lead quickly to $4. GLTY
I bought Friday morning with an average around .381 around 35k. Certainly looks underpriced even after yesterdays 20% gain. They did ,02 profit in Q3 which would be .08 Going forward that would give you a PE of 6 which is insane with the growth they have had and the growth now factored in from acquisitions not to mention the internal growth . I am going to add a few more to get to 50k. Thoughts?
I'm stuck inside tomorrow as we have a snowstorm coming through. Enjoy your day golfing. Hope to see that $3 closing tomorrow with 500k plus volume. That would be confirmation of more to come.
I know you love momo stocks. Thinking about getting into Harvest Health tomorrow. They certainly have a lot of things currently going for them. Plus they are getting a lot of ink lately.
With this orderly rise today I would think tomorrow we should close at .50+ as it is obvious for anyone that can read a financial and looking at Q3 we have a PE of about 6 going forward. Possibly more as management has restructured a lot of debt for less.
PS PE of 6 going forward. Let that set in and resonate for a moment. Incredibly cheap IMO.
With over a million shares today I believe we should break $3 easily before profit taking sets in and at that point hold and consolidate awaiting the next PR.
Perfect trading today. Should continue higher IMO. Real good volume but not what I would call blow out volume. GLTA Nice consolidation with profit taking.
1 million reached....yeah
Go golf tomorrow. Things went very well without the boss in an orderly fashion...lol
Never expected this. I did my best to try and hold it back with negative opinions...lol Oh well no more cheapies.
Is the difference from the $118 MIL Star Bud's deal and the amount paid for the 6 dispensaries(around $37 Mil) the amount of financing needed?
The aggregate purchase price for the assets of the Star Buds Group is approximately $118 million, subject to adjustment upon the closing of the Purchase based on, among other things, the target inventory as opposed to actual inventory and target working capital as opposed to net working capital of each member of the Star Buds Group, and shall be payable to the Star Buds Group and the members a mix of cash and shares of the Company’s common stock, par value $0.001 per share (the “Purchase Price”). The Purchaser will not assume any liabilities of the Star Buds Group other than accounts payable by Star Buds Group, liabilities in respect of any contractual arrangements assigned to the Purchaser by the Star Buds Group, and liabilities in connection with administrative fees associated with obtaining necessary governmental approvals or waivers of such approvals. The Purchaser has also agreed to pay certain transfer taxes in connection with the Purchase. The closing of the Purchase is subject to customary closing terms and conditions, and the closing of the purchase of the assets by the Purchaser of any Star Buds Company is subject to additional closing conditions as set forth in the Agreements.
Or do they only need the difference between the $72 MIl-$105Mil they possibly already have financed from the $118 Mil
On November 16, 2020, the Company entered into a Securities Purchase Agreement (the “SPA”) with one investor to purchase shares of preferred stock of the Company in a private placement (the “Private Placement”). The Company is in negotiations with additional investors in connection with the Private Placement. The Private Placement provides for an minimum offering of $72 million and a maximum offering of $105 million, and will be made in reliance upon the exemption from securities registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the “1933 Act”), and Rule 506(b) of Regulation D (“Regulation D”) as promulgated by the United States Securities and Exchange Commission (the “SEC”) under the 1933 Act. The Company will use the proceeds from the Private Placement for the acquisition of Star Buds.
While reading the past SEC filings it was of my opinion that management was given generously to insiders with options in the past. Must say with this appointment this year nothing has changed. A very good salary $264K and then 600K options at $1.71 These seems very excessive IMO.
On September 9, 2020 the Company appointed Nirup Krishnamurthy as Chief Operating Officer and appointed Jeff Garwood as a member of the Company’s Board of Directors (the “Board”). Mr. Krishnamurthy and the Company entered an Employment Agreement effective March 1, 2020 (the “CIO Agreement”). Mr. Krishnamurthy and the Company will not enter into a separate agreement following his appointment to COO. The CIO Agreement provides that Mr. Krishnamurthy shall be paid a base salary of $264,000 per annum, in accordance with the Company’s usual payroll practices (the “Salary”). In addition to the Salary, on the effective date of the CIO Agreement, the Company issued an aggregate of 600,000 options to purchase shares of Common Stock, at a purchase price equal to $1.71 per share (the “CIO Option”). The CIO Option shall vet one-fourth on an annual basis beginning on the first anniversary of the date of grant, such that the CIO Option shall vest and shall be exercisable in full on the fourth anniversary of the date of grant. Notwithstanding the foregoing, the CIO Option shall vest in full and become exercisable upon the occurrence of a “Change in Control” as defined in the CIO Agreement. All shares of Common Stock issuable upon exercise of the CIO Option are subject to a limitation whereby Mr. Krishnamurthy may sell no more than 5% of the preceding give day average volume of the Common Stock on any given trading day. In connection with Mr. Garwood’s appointment, Mr. Garwood is expected to be granted an inaugural award of $50,000 value in shares of Common Stock within 90 days of board service.