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Good thing SHWZ isn’t bank owned
If I were a betting person, I would bet that SHWZ wants to uplist to the NASDAQ https://d1io3yog0oux5.cloudfront.net/_aae25e90ee7dd05e406001f0eab0d365/schwazze/db/354/2507/file/Comp+Committee+Charter+-+final+08122021%5B1%5D.pdf
Today was a great day! I’m sorry for being negative. The big asks slowed down the buying in my opinion and then the ask had to fall to get out. But, as long as SHWZ keeps getting higher highs and higher lows, SHWZ should be good. The chart looks great.
Does it feel like a rocket ship is starting?
The daily is showing higher highs and higher lows and that’s all we can ask for!
Would love to see a million or a couple million or a few million dollar bid just show up at 1.80 and walk it up after the sellers clear into it.
It’s either ignorance or it’s intentional or it’s an entity that must get rid of shares due to conversion.
Ummmmmm. No.
It’d probably be trading the same.
This post made my week.
And here are the big asks. This is ridiculous. Shwz is going to be stuck down here for years.
We update our 2022 estimates to reflect contributions from the New Mexico expansion with our 2022 revenues and adjusted EBITDA forecast now at $238M and $79M respectively. Of this we believe $14M in revenues and $3M in adjusted EBITDA will come from New Mexico operations.
Meanwhile we introduce 2023 estimates for Schwazze at $296M in revenues and $110M in adjusted EBITDA.
Undervalued Stock, Target Offers Meaningful Upside
Schwazze stock has underperformed YTD (-18% since the start of the year). The stock is now valued at an EV/EBITDA multiple of 3.4x our 2022 forecast and 2.4x 2023. The 2022 multiple is well below that of the broader peer group (7.3x) and even similarly sized operators within our coverage (average for Cansortium, Green Rose, Marimed and TILT). We believe execution with ongoing expansion initiatives will translate to outperforming results in the near term and bring greater awareness for the company and stock.
With greater awareness we expect the valuation discount relative to similarly sized peers and even the broader peer group to be eroded a factor that will bring outsized returns for investors.
Our $2.75 Price Target reflects an EV/EBITDA multiple of 5.9x our 2022 estimate and 4.2x 2023. We note that a valuation for
Schwazze in line with the broader peer group would reflect a price target of closer to $3.40 or more than 2x current levels.
I think they may have more than that, but you may be right. Before closing on NM, Dye said in an interview they had over $100m cash on hand. They had $23 or $24m cash on hand before the loan. But the NM assets only take 20something I think. So I think they may have closer to $70-$80m on hand.
Personally I would love to see a mixture of another bigger chain, mom and pops, and organic stores. We should also see brands coming out of Schwazze biosciences this year as well. I’m not expecting much revenue out of the Schwazze biosciences right away, but it should help with margins slightly.
They also had over $20m cash on hand before that loan.
Maybe if Benzinga and others alike get their reporting accurate.
Q1 really is setting up to be a record breaker!
Anyone know what the notice of effectiveness is?
I’ve been thinking a lot about this answer lately. I’ve been wondering about Remy Kachadourian and the project with terpenes and natural vapes. Thank you for reposting it. I couldn’t remember much more than that.
His bill isn’t going to pass.
I like seeing the big ask slaps. It would be nice to see continuous, relentless 20k share buys for an entire day. Shwz would be at $3 in a day.
Hilarious
Exactly. No one talks about that.
I agree. I also think SHWZ is going to be bigger than just the southwest.
Danone North America (previously, WhiteWave Foods) is a consumer packaged food and beverage company based in Broomfield, Colorado, U.S., that manufactures, markets, distributes, and sells branded plant-based foods and beverages, coffee creamers, premium dairy products, and organic produce throughout North America and Europe.
WhiteWave was purchased by French conglomerate Danone in 2017 for $12.5 billion, being then renamed to "DanoneWave.”
The company’s brands distributed in North America include Horizon Organic dairy and pantry products, Silk plant-based foods and beverages, Left Field Farms creamer and milk, Stok cold-brew coffee, So Delicious nut milk and yogurt, and International Delight and Land O'Lakes coffee creamers and beverages. WhiteWave’s European brands of plant-based foods and beverages include Alpro and Provamel.
Steven Liedtke was the Chief Information Officer of this company.
“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.”
https://ir.schwazze.com/press-releases/detail/164/schwazze-adds-key-hires-to-senior-leadership-team
Great day!
I don’t want to be a shareholder of TCNNF stock. I hope dye doesn’t either.
I’m not sold on q4 being profitable. I can’t wait to see the numbers!
I’m glad Dye finally admitted today the time it takes to close deals is based off going through the regulations and he said “it is frustrating.”
Well, I will play devils advocate and say he said SHWZ would be profitable for q1 2021 and SHWZ wasn’t. We won’t know until the final numbers come in!
By the way todays PR is written, it sounds like they are about to expand further after closing, and quickly. However, it may be they were hired to close the NM assets, because it comes with a lot of assets and is a different animal than Starbuds, which was basically dispo’s that came with a very small grow.
This is the craziest I’ve ever seen this stock trade. Wonder if big whales are about to come in.
Three new stores in Q1 that haven’t been included before! Oh! and the new hoop house revenue from southern Colorado growers!
I’m really looking forward to visiting smoking gun one day.
It has not been 75 days since this filing was made. It has been 68 calendar days. They did not specify if it is to close within 75 calendar or business days.
I'm sure you can understand my misunderstanding due to reading this the day it came out: https://ir.schwazze.com/sec-filings/all-sec-filings/content/0001683168-21-005821/0001683168-21-005821.pdf