Empire Building 101
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Agree but would like to see the terms. Will probably get kicked off the board for saying this. I believe as laws become mote favorable SHWZ will do a ,R/S so they will qualify for a NSDQ or even NYSE. Thus grow the heck out of the business even at the expense og dilution. Of course this strictly IMO. However, as the economy slows down and the possibilty of refinanced debt with Safe Banking could also happen. Longer term we will be golden!
Agree but would like to see the terms. Will probably get kicked off the board for saying this. I believe as laws become mote favorable SHWZ will do a ,R/S so they will qualify for a NSDQ or even NYSE. Thus grow the heck out of the business even at the expense og dilution. Of course this strictly IMO. However, as the economy slows down and the possibilty of refinanced debt with Safe Banking could also happen. Longer term we will be golden!
Lol! At times I may sound like I'm going back and forth. I get very annoyed that little has been done in regards to black market as all states have a vested interest. With that said I am very confident that too will get sorted out.
I believe going deep will bring synergies to the bottom line that many small operators will not achieve. Continue to average down as I've not sold a share in 2 years and still have an average much higher.
My motto concerning management being "do as they do not so much as what they say".
GLTA
Everything is up strong except SHWZ.. That hardly seems right. What are we missing?
Couldn't help myself. Picked up anther 900 shares today. With the latest 8% convertibles realistically just as cheap as the notes for the 1st year
I like the fact that itwas just announced and expected to close in q2. Only 66 days left in q.
Wow! If everything closes we are at 60 dispensaries. This is awesome news. Becoming more obvious A/S are going to have to be increased
Good news to hear management will stay in place. This should help margins as redundacy in some functions would be eliminated plus other costs related to synergies.
With this news we might see some buyers step in. I doubt much of a pps increase is warranted at this time as their was some large hidden block sales yesterday sells
So you believe the black market and glut is being addressed?
Cannibus sales are crashing hard in Co. In Feb. Sales were 109 Mil ln rec and $16 Mil Medical coming in less than $125Mil. for Feb. which is down from almost $200 Mil average for 2021.
I realize their is a way to much supply and way to much of a black market. It appears the problem is getting worse.. Oregon is even much worse. Does anyone know if the CO or anyone is doing anything to slow down the black market? Won't be long before all these taxes earmarked for numerous programs will just go away
Sure hope Dye knows something we dony know as $10 Mil for recent medical sounds extremely expensive at this time for $7 Mil in sales..
While I said yesterday no reason to add and possibly lighten up I sent in more money today. The structure of the deal is good. With so many large and small operators getting killed SHWZ continues to add stores. Scale of economy should continue to alleviate lots of costs that many can not avoid being spread so thin all over.
Agree price seems excessively high. Anyone have any idea why other than location? I do like the fact they are keeping management and growing different acquisitions with their own identity.
Looks like 50 dispensaries will soon be a look at history.
Fortunately I have a booming real estate business. Just a little bummed out that the industry has the majority of common everyday people rooting for them. and legalization. Then we have govenors amongst a slew of politicians who really could care less what the people want and are beholden to no one. IMO, we are years from any meaningful change. Now a certain person wanting to become president wants to associate all this school killings etc. with marijuana.
Really no reason to add maybe even lighten up alittle. Just no impetus on the horizon. I believe we are going lower. Fl. govenor and his view will not help. No longer are we run by majority rule. GLTA
Is any monies going in the coffers from these preferrreds at 8%. If so is it possible they paid off some 14 or 15% notes?
Looking more and more like an increase in authorized shares likely. Of course IMO.
Someone selling or new ones coming?
New lows are definitely possible. Probably below $1 is a given. Hope I'm wrong.
I had sales up 17% from prior month. 15 or 17% very nice to see.
What is TAM? THX
Definitely getting oversaturated very fast. Prices are probably going to drop thus bringing down margins.
Nice increase. Hope our sales grow proportionally. Dispensaries are growing fast.
Like to see synergies with added dispensaries along with cost reductions.
Personally waiting for 10k for the nitty gritty details before comment.
Really hard to predict earnings with derivatives and a host of other possible charges. On a GAAP basis definitely a loss. My hope is NON-GAAP is somewhat close to break even to a small loss.
Increasing share count never crossed my mind. Your thoughts surely have merit and makes logical sense. Probably more so than a buyout. However, imo IPS certainly has his own reasons for his thoughts.
Definitely possibly merger,buyout. and privatization would be the top of the list imo. Debt restructure not needed for any vote. By-laws or name change imo unlikely. As far as closing shop highly unlikely as this is Dye's baby. He has put together his dream team and invested to much time and money.
Personally I believe it is possible there is some type of shareholder proposal that has merit.
Funny indeed. Definitely something is up as this is out of the ordinary.
What are your thoughts? Nothing
I believe they are in quiet period where insiders cant buy nor sell.
Not a lot of volume but up nice with a bid still over 30k at $1.30 Surely good news coming as I do not believe insiders can buy this close to E.R.
Yes it is a nice bid. Strange as it is up a decent amount from yesterday's close on a weak market today. Hopefully this bid is on positive news coming.
Doc did you buy back on the dip?
Have you heard anything official about earnings? With 2 weeks before they are due kind of makes me wonder. With a new cfo hope they aren't going to restate anything.
Not sure growth won't help the pps. The fact that we really have no growth since the N.M. acquisition and N.M. going legal. While the market has grown in N.M. our sales have not grow. Once we can start growing sequentially with the market that alone will help
Now to your point about debt reduction that will be huge no doubt and more so than growth.. My guess is 100 stores will be the reflection point and the scale of economy kicks in.
Did management gove an official earnings date?
Follow the money(Dye). Personally not in this for nickels and dimes. With patience 2-3 years I believe this is a zip code changer.
However don't like people like Pear n Josh leaving but then again we all have dreams.
Added 1100 today at $1.12. I'm in it for the long haul. Was almost going into AYRWF but the debt structure imo 50/50 on Bankruuptcy. Not good odds.
PS Appears to be another seller coming out.
It does appear.. Would be nice to see it pop up to $1.40 or so. Guess we will see tomorrow.
Hope your right but usually they do an loi which is pr'ed and the closing is announced later.
However this last guy they hired was $300k per year and another $30k signing bonus to be paid 30 -60 days after employment contract signed. Obviously they wanted him and he has a lot to offer. Also 700k stock over 4 yrs.
I'm buying also. Just sent another check into TD yesterday. Hope the price stays here or drops more.
Sure hope we are!
Sounds like some matrix wasn't met and somebody is not willing to pay. This could be interesting.