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What an upstanding looking bunch!!!!! their business model states that it is based on taking advantage of the inefficiencies of the micro cap market....aka IMO... manipulating markets with low stock levels. Let's see how this plays out but cannot blame the company for standing their ground. It is time to put this in the rear view mirror & I suspect it will all be forgotten really soon!
Liberty has a great growing system. If hundreds of mom and pop Pot stores end up existing, they will need wholesalers. Coca-Cola does not need to own any stores. Think of the cost reductions if they could sell the locations as franchises, etc. there are lots of possibilities if the Supreme Court changes the rules.........some of them could be good for the company.
Because The CEO purchased stock last week, does that mean that no big announcements are coming soon? She did so to support the stock, but a big deal would end up looking like insider trading. Is there a time lapse required before any big deal could be announced?
Small Increase in flower but a Huge jump in mgs THC. Whereas Trulieve had a 20% drop in THC. If they can keep cruising at this altitude we are in great shape!
I think there were enough owners and directors that are not married to the contractor to make sure that the contracts were within reason. Performance wise, things are moving quickly in construction of facilities, which by itself is worth paying a premium.
We need more shares in the float. Personally, I wish they would quit the lock up extensions. Yesterday the volume equaled nearly 1/2 of the float. I am sure some shares were being bought and sold over and over during the day.
They didn't try to say the numbers from Florida are fake. They sold over 10,000 ounces of flower between the 6th and 12th. There are too many other options to purchase if the flower is as inferior as this BS report claims. You only lose here if you follow the lemmings.
https://video.search.yahoo.com/yhs/search?fr=yhs-sz-001&hsimp=yhs-001&hspart=sz&p=lemmings+jumping+off+cliffs#id=1&vid=1b427d5e2d6a521d7c5deb1853c0ad91&action=click
If a legal initiative passes in Florida........where will the growing capacity come from to keep up? No medical card needed with millions of tourists from all over the country they would need to have 10 to 20 times the grow space! While it sounds too good to be true, it may be too much, too soon.
And I bought 5000 shares today, even while wondering if it was Sane or Crazy!
It is even crazier now.......you might need to take less pills!
Compare to Trulieve which is 24X the share price. Compare to Tru's flower sales last week which was 3X Liberties. THC sales were 10X Liberties. 24 times more expensive and 3 times to 10 times the sales. And remember that Flower is supposedly where the money is right now. I know this dismisses the "future growth" aspect of the stocks, but it still screams out that Liberty is a bargain. And don't forget the syndicate that purchased the Aphria shares in Liberty - 60 million on top of what they already owned - they paid $1. a share, you know it will get there again and beyond before any A&M happens. I still think that Cresco will be a future partner, which is just a supposition. They badly need a money machine in Florida, which can only be one company.
I think you are confusing the decimal point in the report for a comma. They sold 8,650 ounces last week. 216 ounces per location. Trailing them is Liberty with just short of 147 ounces per location.
From time to time they can sell C$55million in stock. Plus the other money lined up (leaseback and deal cancelation), does anyone have a guess what are they planning to do with all of that money?
Cresco was paying 120 million for Vidicann. Looking at their numbers they only sold 323 ounces of flower last week compared to 2,544 ounces by LHS. Other numbers are closer, with LHS just ahead.
Cresco Labs probably would do another sale/lease back the 360 facility for an immediate cash kick back of 40-50 million after taking Liberty over. It looks like it could be feasible that such a deal is possible. Just reading tea leaves, no knowledge other than supposition. Hope as an investor to get out of the red on the deal if it happens.
Cresco cancelling buying Vidicann but still planning on a major Florida expansion? What else could that be except they are buying some other Florida entity? And they use the term Accretitive which does not sound like they want to start from scratch.
I am guessing Cresco Labs
From their press release today regarding a sale lease back and cancelling another deal.
No mention of company but it sounds interesting....
"best interest of our shareholders to re-allocate resources to these existing higher return opportunities with a view to looking for a more capital efficient way to enter the Florida market over the longer term.”
Trulieve in Georgia? Did some searching and found this from Atl Business Chronicle. - Notice last line allowing oil to be brought into GA from out of state.......I have no idea how they could do that with Federal law - But some progress is being made and Trulieve is actively trying to be in Georgia.
Georgia's rollout of legislation legalizing the growth of marijuana for medicinal use and the manufacture and sale of cannabis oil produced from the leaf crop can now begin, more than four months after the law took effect.
Gov. Brian Kemp has named Dr. Christopher Edwards, principal surgeon at the Atlanta Neurological & Spine Institute, to chair the seven-member Georgia Access to Medical Cannabis Commission, a panel created by the General Assembly to oversee the state's medical marijuana program.
The governor also appointed to the commission Jason Hockenberry, an associate professor of health policy at Emory University, and small business owner Danielle Benson.
"Georgia's Hope Act provides a critical pathway for Georgians with chronic, debilitating diseases to get the help they desperately need," Kemp said. "I am confident that Dr. Edwards, Dr. Hockenberry and Mrs. Benson will serve with the highest level of integrity in faithfully carrying out the mission of the Georgia Access to Medical Cannabis Commission."
As stipulated in the medical cannabis bill, Lt. Gov. Geoff Duncan made two appointments to the commission: Dr. William Bornstein, chief medical officer at Emory Healthcare, and Dr. Judith Rochon of Kaiser Permanente. Georgia House Speaker David Ralston rounded out the panel with the appointments of William "Bill" Prather, president of the Georgia Board of Pharmacy, and Bob Starrett, chief of police in Austell, Ga.
The commissioners will serve four-year terms. The new panel is attached administratively to the Georgia secretary of state's office.
The bill lawmakers passed last April legalizes the cultivation of marijuana in Georgia, conversion of the leaf into cannabis oil and sale of the drug to patients suffering from a wide range of diseases, including seizure disorders and Parkinson's. The new commission also will be able to buy and import cannabis oil from out of state while the in-state program unfolds.
TV news in Atlanta announced a local sheriff is going to be on the board to set up the med program in GA. Some progress finally is being made to get the state moving. I have seen nothing about if the other board members are in place or if he is the first.
TV news in Atlanta announced a local sheriff is going to be on the board to set up the med program in GA. Some progress finally is being made to get the state moving. I have seen nothing about if the other board members are in place or if he is the first.
Curalieaf dropped 1000 oz so we are back in 2nd place. Which is probably the best we can hope for. Trulieve has added 1000 oz for the 2nd straight week! Altmed is 1000 oz behind us, but had slightly higher per store sales of flower.
Todays volume is something close to 6% of the tradable shares. I looked at the other stock I have which is LHS and it had more like 1/2% of tradable shares. So, that seems like a lot of shares moving around. If someone would like to give me some perspective that would be helpful.
Regarding California, the R&D is very valuable as they are going to use it to play with Medical on one side and Rec on the other. That should really help them get some of the methodology of mixing the two in one mega location to be ready for Rec in Florida. I have some issues with Rec in Florida and how it will impact the medical market, where Trulieve is doing great. If Rec is untaxed, nobody is going to pay the costs of getting a medical card. I am guessing a tax rate on Rec would happen to make it somewhat more expensive than medical.
I Did like Kims focus on "partnering Opportunities". rather than more hostile acquisitions - suggesting they are looking to hook up with smaller operators that have great prospects but are low on cash liquidity. Also she twice mentioned more expansion in Florida as other companies "pull back" allocating their capital elsewhere.
Could be the MedMen announcement was to make a move before the asset sale takes place to reduce damage to their stock price (MedMen). So it could well be that Tru is picking up something from them and we will know the answer soon. I don't know much about them, what states would be considered "not critical to their business" but expect that Florida is too big to leave. even considering their sales in Fl are pretty sad. I can't see those assets helping Tru that much (as everyone says that adding new states is their greatest need in the marketplace).
The license would be 40-50 millions worth of dead weight as there are already 2 licenses in the state available for sale with no announcements (that I am aware) of anyone buying them!
Awesome! Thanks for posting the link.
hmm Medmen selling off non strategic licenses, operations and assets through Cannacord Genuity
We need to figure flower sales with a plus/minus factor to get an average. Product should be expected to be uneven with a 14 week grow cycle. Smoothing that out will be a factor that will help make sales strong and reliable. But they just got going in the new facility, give it time.
Maybe, they have Pot growing at 360? Probably as soon as there is abundant supply everyone will be stressed about too much supply! Something of a shortage keeps the energy going for buyers. In Atlanta there is a beer line from Athens which was so rare for a while, anytime you see it you would buy it.....now it is always there and I walk pass the display!
What is the Capacity of the 360 facility? I read a post here (sorry I don't remember who) that stated LHS was ar 25% of Growing capacity. Curious what anyone knows about current and maximum capacity.
Qtr 2 was good, with a profit after deducting the Farm Sale. The numbers coming weekly from Florida give an exciting picture of growth. Q3 is going to be good - maybe less than Q2 when you figure in the property that was sold, but I anticipate it being pretty close, 4 or 5 cents a share. If they can maximize flower sales and get oils, edibles, etc going full steam, probably even higher. The MDA on SEDAR is a good read and should defuse the posts questioning LHS stability. All that being said, most of my portfolio is currently bleeding red, so all this is very much IMO!!!
Goodness, can't we make the board a little less bitchy and insulting? Of course, I have posted concerns, and been accused of being a Debbie Downer, and posted what I like and accused of being a Pumper. I doubt anything on this board has any effect on the market......it is for F'ing Information!!!
That being said, LHS has a per gram price of $11.23. Has anyone done the math in regards to the average flower selling price? I am curious what the profit margin on Flower is with around 3000 ounces sold per week. (and yeh exagerating their sales to 3000 is likely a pump).
I tried to comment earlier that the property is essentially worth what it was when it was abandoned in a town with a depressed economy in a country where manufacturing is nearly gone. The investment was in Trulieve and what they have done there not the "it used to be an abandoned factory." This is a business, so owning a property is not their basis for income, the use of it is.
The investment is only positive as the proceeds will push the enterprise into new frontiers. (I am sure the Trekkies out there will love that phrase!)
Maybe after there is a building in Jefferson County they will do the same there. But maybe not. It will be the high tech automated system which even that will probably be old fashioned ten years from now. The Quincy facility may not even be used after that.
I traveled through Quincy this past summer and found their property (no signs but it had to be them), If I am not mistaken, the property in Quincy was an abandoned furniture factory before Trulieve purchased it. The investment in the property to lease back to Trulieve is a stellar vote of confidence in the company.....the property would still be vacant without Trulieve! Investors will react and new money will follow - I think the stock will be up immediately.
The video states they are harvesting 700 lbs a week. Last week they sold almost 3000 ounces. Since 700 lbs is 11,200 ounces is the rest going to processing? Or do you think the 700 pounds is counting stems and waste materisls? Sounds like they may have plenty of supply to keep flower sales booming. Does anyone know how many plants are growing. With a sixteen week turnaround they need 11,200 plus whatever is in drying and curing if they are getting 700 lbs of flower.
I am trying to get a feeling for the numbers. I know some postings have been here already, but I just need to put these out to see if I am thinking straight. At the current sales rate, of nearly 3000 oz, that is 24,000 1/8's, I rounded it down to $25 per eight for 600k for the week.With thirteen weeks in the quarter, that is 7,800,000 in flower sales. So if their other business of 5,520,000 (last quarter) in sales stays the same, their sales rate will be more than double last quarter....maybe even approaching triple. So does 12 to 14 million in sales for the quarter sound reasonable? Analyzing against Trulieve, which I also own, they are dong 66% of the flower sales with 50% of the stores. In THC they are only done 10% but the word is that will be changing soon. With Trul selling at 34 times the price of LHS one or the other has a lot of room for movement.
How can you take this article serious when it states that the company owns the Ohio investments which they sold months ago.
After reading this and looking into Aphria - and listening to the CEO talking at the trade show in California, this would actually be an amazing fit - so if they can come to terms IMO this could happen - I just hope the numbers are good for Vivo investors!
they stated earlier that a huge boom and a major annual percentage in sales comes at Christmas season. The Kiosks will not really show their value until after that. It is either brilliant or stupid! Only time will tell.
How do they force me to sell at such a low price?