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I noticed that too. Thought it was interesting. I missed adding a small amount when it dropped this morning...have been debating on whether or not to jump and pick up some at 1.31...or stop looking until the end of the day.
They also claim to have a presence in several other states.
By the time I cleared funds I missed the teens...so I sitting low 20s for the last week..and didn't get picked up when they hit a cent below my bid. When it was lunch today and only 8K shares moved, I upped my order. The first drop caught me. I am not upset that I picked up more shares...just that I wasnt confident enough to keep my initial bid. Thoughts that this might be short sellers bailing before Sept 1 and the Colorado cannabis banking act? If so, it could make for another few cheap buy opportunities.
Since you are rereading it you can probably clarify, I didnt think that they were allowed to buy the division outright. I thought it was written in a way that they had to pay a royalty on products for a period of time before being allowed to purchase the license...not that money doesnt talk.
Oh yeah Shawking, they have always warned about plastics...especially when plastic bottles face temperature changes. The obvious being from like a warm car or truck into the house or grocery store...however I remember reading something saying freezing/thawing the plastic causes more chemical leeching than the warm. Also, just because it says BPA free doesnt mean that it is entirely "bisphenol" free. It just means that it is 'bisphenol A' free. The is still bisphenol S...not to mention 7 or so other types of plastics.
Yeah, thought the same. Plus we now moved up another support level...or two...from where I was at.
I kinda hope so. I have a smaller sized bid am sitting lower. Been sitting in the lower 1.20s since the start of the day on Friday and bids were picked all around me. Which I am fine with...thought for sure mine was picked up a few times. Just ticks me off when ones are accepted lower than where mine is at and I am still on the outside looking in. I dont necessarily want to jump right now if I dont have to.
As more state prepare to, and come, on board they are basing their regulations from the states that already are...and cherry picking from what works. I dont necessarily think that federal legalization is going to happen anytime soon. I think it will be a constant topic, esp in an election year, but I think that more and more states will have to come online before the federal govt decides to get involved. I think what is really keeping the federal govt on the sidelines is that they dont want to admit fault and attempt to untangle the 80+ years of racial discrimination that comes along with legalization...and some states are just too stubborn to even consider legalization. I think that the federal govt will let individual states do their dirty work for them and when 2/3rds or more are legal they will feel that is enough to justify national legalization...but really so they can take their cut. I also think that once the federal govt gets involved we will see major consolidation into 3 or 4 main companies because mom and pop shops will be taxed out of business.
The main issues running a multi-state operation, which never seems to get mentioned, is different state laws to adhere to, different tax requirements and that it is seed to sale in each state. Just sounds like it could result in a nightmare from a keeping up with all the requirements as well documentation/proof products arent crossing state lines.
I would think the best possible opportunity is not how many states you are in...but to exist in a highly populated state, that is also a vacation hot spot, which only offers minimal/limited number of licenses and is considering...or progressing...toward recreational.
He has a point...some people already know what they want and dont need the bud tender interaction. A vending machine is an interesting thought. I wouldnt be surprised if/when a dispensary installs the pneumatic tube system you can experience when drive thru banking. Then they dont even need to leave the car.
Consider me greedy...I need the share price to hang around here till Friday so I can pick up a little more.
Well this "scheme" is really gonna start paying them when they uplist to Nasdaq.
Seriously?! I guess having patents is not enough proof that they have a credible technology? Of not, they have products: ViPova teas, ChrgD (which I am currently trying) and TurboCBD. They have also been used by Nuka Enterprises for years in their 1906 Edibles...and Nuka recently renegotiated/enhanced their license. Hill Steeet Beverage talks highly of the technology and intends on using it for their cannabis beverage delivery mechanism. Altria invested and completed their first phase of research.
I guess at 1130AM the author of that Benzinga hit piece bought...
That one is loved. Been following it for a while and kick myself because I didnt buy in...hit Robinhood the other day and Cramer is set to do an interview on it tonight. It reported $34M revenue last qtr...if that keeps up it should double. That is why it is nice to be in a company that hasnt completely diluted itself through its stock.
Thanks for clarifying. I heard what JD said in the shareholder meeting...just some concern with the words "settlement agreement" and "mutual release".
So I am confused...a "settlement agreement and mutual release" sounds like the acquisition of Medpharm isnt happening either? Are they letting the term run out on this one too and since the date (not sure when that is) isnt soon they dont feel the need to officially comment on it? Or are they really trying to work out a deal to acquire them?
Specific to Medpharm the information seemed wishy-washy. This is what was published about Medpharm slightly above the snippet you posted:
"Effective January 10, 2019, the Company entered into binding term sheets to acquire three cannabis and cannabis related companies, including the following:
...
MedPharm Holdings, a company that develops and manages intellectual property related to the manufacture and formulation of products containing cannabinoid extracts. Management believes that this acquisition will bring world-class processing and pharmaceutical-grade products to the company"
...
Spot on. You take this quarter revenue and carry it out 4 months...then take that and multiply it by the almost 10x market valuation multiplier that Andy always talked about...the share price should be $4.75.
That is how I saw it too...but I also tried to temper my expectations because I am not sure how sustainable the COVID demand is.
Justin also mentioned that they will be implementing standardization practices across their companies and this will temporarily reduce product/profit but is a necessary and beneficial change when focusing on the future.
AW's "steller" company, yet...
"Total operating expenses were $8,667,604 during the three months ended June 30, 2020 as compared to $9,014,276 during the same period in 2019."
"Total other expenses were $245,746 during the three months ended June 30, 2020 as compared to net other expenses of $479,780 during the same period in 2019. This represents an improvement of $234,034."
..and they have that "expensive" executive team that you keep telling us about. The only semi-concern I had was when Nancy hesitated, then tried to retrace her hesitation, when commenting on the closing of Starbuds...
https://www.businesswire.com/news/home/20200813005779/en/Schwazze-Announces-Quarter-2020-Financial-Results-Company
Medicine Man Dispensaries OUT; Medpharm still in talks.
Nice buy to jump us to 1.39. Been watching the SEC Company page and nothing has yet to post.
Yes indeed. I was worried for a second after the last 10 mins of yesterday and while it hovered at the 1.06/1.07 today. Glad I managed to get my order in before this little blast off.
12K shares sold in the last 10 mins today is a little surprise.
And the cycle continues...
yeah, i was at 1.01 for a while and then moved to 1.03. it hit 1.05 a few times. i eventually gave up on that too...
The questions is what is the next cheapest amount? Thinking 1.06...but moved it to 1.08 mid-day yesterday and it hasn't fallen lower than 1.09 since.
the way this is going...maybe i can slowly force this thing back up.
When has this stock hit the 0.50 range...let alone the 0.20-0.25 range?
The company and its future outlook was reviewed by Dye Capital. Their job is to invest in businesses that are going to generate high returns. You dont sink 14M+ into a company because you believe in charity work. You dont draw from your corporate rolodex to build an executive A-Team because they are unemployed and you are trying to find a way to get them on payroll. You do it because you see an opportunity. Dye recognizes that he doesnt know the cannabis business...but he is learning. Dye knows that he doesnt know how to cultivate cannabis...but he doesnt need to. He has the 'Colorado "Steve Jobs of cannabis'. What he does know is how to build an executive/business team to integrate/merge, grow and scale a company into a local, state...and eventually...national player. Be thankful he isnt taking a page out of the other cannabis company playbooks and just diluting shareholder value to race and close acquisitions...at whatever value it would take to do so.
Here is an older, but good, interview:
https://www.marijuanaventure.com/the-marijuana-venture-interview-11/
MV: You came to the company in December 2019 after working for Albertsons and General Electric. How has that transition been and what parallels do you see between your previous experience and the cannabis industry?
JD: The parallels are this: At Albertsons we had 2,300 stores; here we have 34 dispensaries. At Albertsons we had manufacturing facilities so we produced milk, ice cream, cheeses, bread and deli food at our facilities all over the country; Medicine Man Technologies has manufacturing where we produce edibles, chocolates, beverages, rolled joints and obviously cultivation services for flower and trim.
We also have the cultivation or farm side of this as well. Our team did a lot of work in the food business with produce farms and locking in their yield and spent a lot of time from farm to table, and with that there are a ton of similarities here.
There are also a lot of similarities on the M&A and integration side. We were a heavily regulated industry in the food and pharmacy business at 1,600 pharmacies, where we sold over-the-counter and behind-the-counter drugs.
Obviously with a cannabis business, there are a lot of nuances. I am certainly learning those and will continue to learn those.
We have a great team. We have a 50/50 split between cannabis operators here in Colorado, which I think is the most sophisticated market and probably the most established market in the country, and then a team that has worked with me in other areas from General Electric to Albertsons. We hired the M&A and integration team from Albertsons. We did probably $40 billion worth of deals back at Albertsons over a decade. I brought that team to Medicine Man Technologies.
Fact Sheet. That is a good way to put it. I saw this last night and was confused. It has to be the mini-presentation for the Micro Conference lanny9 posted about the other day.
Schwazze, formerly operating as Medicine Man Technologies Inc. (OTCQX: SHWZ) ("Schwazze " or "the Company"), today announced that it will host its second quarter 2020 conference call and webcast on Thursday, August 13, 2020 at 4:30 p.m. ET.
Investors interested in participating in the conference call can dial 201-389-0879 or listen to the webcast from the Company's "Investors" website at https://ir.schwazze.com. The webcast will later be archived as well.
Following their prepared remarks, Chief Executive Officer Justin Dye and Chief Financial Officer Nancy Huber will also answer investor questions. Investors may submit questions in advance or during the conference call itself through the weblink: http://public.viavid.com/index.php?id=140284. This weblink has also been posted to the Company’s "Investors" website.
That same line stuck out to me. Probably PUMA, sitting at 0.92 hoping to pick up 1000 shares.
Ouch! Not only did they throw shade they put Schwazze in the same category as MedMen:
https://technical420.com/cannabis-article/2-u-s-cannabis-darlings-that-are-falling-apart-at-the-seams/
vhgier, How did you find this stock and what made you decide to invest?
vhgier, they ARE uplisting. They have been telling shareholders that they have outgrown the OTC and that they have serious investors waiting but those investors can only invest if on a major exchange....and/or at a certain price. They have already voted to approve a R/S anywhere from 2-for-1 to 30-for-1...to get the share price to $4 or $5 after the uplist. You being in right now could work out for you. Hopefully they drop news to get the stock price to increase before the R/S for uplist (which they are hoping is done before the US presidential election).
It's like having a girlfriend...there are those days where you might break up with her...but she also has wife potential.
There seems to be a lot of shares for sale at 1.15-1.17 (approx 10K)....where is this going? Is it gonna hit 1.05 again...or retract back to the 0.97 that it was like 2/3 years ago.
I looked at their patent and I couldnt find anywhere that described a special delivery mechanism. I believe their patent was awarded, not for CBD alone, but for CBD use specific to treating seizures.
Been wondering what delivery mechanism, if any, GWPH is using to make an effective oral drug. Been Googling GW and the FDA to see if I could figure it out...as well as different variations of GW and LXX to see if there was a correlation. Results would pull up the comments made in the investor presentation. The most recent was posted late June. Then I started thinking...if I was GW, would I like a company I am not affiliated with using my company name several times over as an example? I think the obvious answer is no. If you were GW, you would probably send something professional to ask them to stop publishing things with your company name and possible false claims...that is, unless something is in the works. Man I sure hope so. Given today was Civic Day in Canada, wouldn't a licensing deal be a great start to tomorrow? I will continue to dream.
Right...I think that law...and better case scenario if the Safe Banking Act passes, it can be done sooner. They keep using the terms "money in the bank"...in an industry that supposedly isn't allowed access to banking. I think it was more speaking in code. Just upset at myself for failing to read between the lines ahead of time or I might have held off on buying more (a few times last week), expecting a little more share price drop before news.