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Seeking Alpha stating
Medicine Man Technologies (OTCQX:SHWZ) is scheduled to announce FY earnings results on Thursday, March 31st, after market close.
The consensus EPS Estimate is $0.07 and the consensus Revenue Estimate is $112.5
https://seekingalpha.com/news/3819013-medicine-man-technologies-fy-2021-earnings-preview
Low volume and a slight dip the day before earnings. Seems like most people's bets have been set down, though we've got tomorrow to see if the worm starts turning. Will be interesting to see if volume starts picking up early in the day or not.
Members of congress spend half of their time (and some more) on fund raising. Add in the 20% of time tweeting inflammatory tweets, spewing lies on TV or Radio, hanging out at photo ops with disreputable people of all strips, going on junkets funded by the wealthy contributors and we're down to people getting paid 178k a year to only do 25-30% of the work they are elected to do.
Thank god SHWZ doesn't need them right now. One more trading day to earnings.
I think hate may be an understatement...
agree completely. very disappointing. it's like an inverse footrace over what fails first - the company failing to stay solvent, or the fed failing to deliver on legalization or safe banking. Money bides time, but the question remains will it just keep the wolf from the door or as you note add anything in the way of accretive growth. The latter is not looking likely.
17k on the Neo, so that's picking up too.
so true
and potentially institutions with hitting near the 90 day volume in the first hour.
That 200k volume on the OTC is looking nice. Maybe some of the big boys are showing up today.
Funny, a friend of mine was waiting to get in at 1.40... I told him wait til the senate does its usual do nothing dance and we'll be back there in days. But we have earnings before then, I'm hoping that it would take more than the usual routine disappointment of fed inaction to get us back there after earnings next week. And you're right, no sign of institutions yet over on NEO, not at that number of shares traded.
NEO w 2850 in trades so far.
Loading dips and exploding up - 21%. liking that!
I'd love to see us over 2 next week and rising, going into earnings.
Let's hope congress doesn't take the wind out of the sails again. But even so, four and a half trading days away from hearing how we're making progress on that 300 mil.
Well, if it passes there goes our near lock on the market, but expansion opportunities for building out other dispensaries. My bet is Dye is ready for that eventuality and I'd bank on his team setting up more quickly there than others if it opens up.
yes, they could go into consolidation, and focus only on safe banking to finally get something done. But again, involves compromise, and that's gone from the US government at present.
I'm just hoping on earnings pushing this higher. The next and the one after.
I really hope this doesn't turn into another Island of Misfit Toys scenario where there's no dreams left to dream for the next year if the bill fizzles. The Sector certainly got excited.
1 share traded on NEO... Let's get to the 31rst and the ER... 7 days.
Thanks for that clarification.
Hmm, I don't think I am right about somehow them syncing up. I looked at aleaf which trades on the OTC and TO (among others).
For 3/22 -
OTC Volume = 120,397
TO Volume = 415,600
So how can volume be used as a guide to trading if it only represents volume on that particular exchange and is not reflective of the larger whole for the stock? I had always assumed some syncing occurred otherwise stats like volume are only partial and could vary even in terms of trend or amount of trend depending upon the exchange you look at.
Does someone have an expert take on this? And if volume can vary across exchanges, wouldn't price also vary? I get the market makers can cause variations daily on each exchange, but in the end, for a stock on multiple exchanges, does it mean the stock always will have varying prices across those exchanges and people in one geography need to pay more per share than in others as a consequence? That's great for the MMs for playing spreads between exchanges, i guess.
Hoop, maybe Future's question is more to how the two exchanges sync up price and volume each day. You are correct, there aren't more shares available due to the two exchanges selling shwz just more opportunity to buy the existing shares that are available across more geographies. So the daily volume and the price - if i look at volume on the otc, it differs from volume traded on NEO since transactions are occurring on two different exchanges. But don't they need to sync the volume count to be reflective of the full volume traded each day across both exchanges to get the true trading volume for the stock as well as adjust price, especially when holidays differ and stocks trade on one exchange and not the other? Unless they get synced up wouldn't any volume trending analysis, etc be off?
I'm not an expert on that, but perhaps there are opening/closing offset trades done each day to account for volume and price across the two exchanges?
don't forget the listing requirements are also a differentiator, so even for OTC investors, seeing a stock like SHWZ can trade on a mature exchange becomes a differentiator vis a vis other stocks trading on the OTC in the industry. One more variable to set them apart. Not just exposure.
I look forward to the day when the conversation here is "Wow, that was a big move, who here is cashing out some of their holdings?" instead of "I think I'll add again." Good luck, I've stopped buying since I have more than I should already, but i get how hard it is to resist the urge while it sits here.
Cheer up Doc, we've stacked up 6700 shares on the OTC! Maybe post-earnings in a week we'll see some NEO action.
Here's hoping NEO gets us more than 3200 shares traded in the first hour and a half of trading...
An OTC stock on the TSX was a factor in my decisions to invest in the past, since it does help separate to some degree junk on the OTC from companies at least minding the books properly. NEO should work similarly.
But I doubt tomorrow does much, still expecting the real excitement to start on the 31rst. Every quarter with the accomplishments and growing revenue SHWZ is proving it can deliver more and more, and is maintaining its focus on shareholder value. The accretion of that message quarter after quarter needs to hit a critical mass, I hope we're close, perhaps mid-year will be that cusp.
Thanks! I prefer that to April fools Day on general principles.
I hope that NEO does make the impact on SHWZ sooner than I expect, but we shall see on the timeline.
Found this article related to Columbia Care when it went to NEO - the following is from the link:
“Because the NEO is a senior exchange, unlike the CSE, this was a transaction reviewed by the Canadian regulators, and required us to have three years of audit according to IFRS and US GAAP standards,” said Columbia Care’s chief executive Nicholas Vita. “We thought it was important investors knew everything about us.”
NEO Exchange CEO Jos Schmitt places his exchange on par with the TSX in terms of regulatory oversights and stringent listing requirements. “Companies listed on us are subject to governance requirements that are very different and much more stringent than the Venture exchange and the Securities Exchange. That’s our appeal,” Schmitt said.
I guess my question is since so few know about NEO, the value above is limited to an extent if the investors aren't familiar with NEO and its level of regulatory oversight. But if we are looking for more sophisticated investors, they will know, and those should have deeper pockets as well. A good move by Dye, but one that will take some time to bear fruit?
https://financialpost.com/cannabis/cannabis-business/cannabis-investing/neo-emerging-as-cse-rival-as-u-s-pot-company-goes-public-with-canaccords-help
I saw that Ianthus posted solid revenue yoy today. I don't like the company, but the revenues bode well for the cannabis sector in general.
I was looking at the NEO listing requirements - minimum $2 price is one of the initial listing requirements, with this caveat: $2 per security, unless Other Listed Issuer or listed on an Accepted Foreign Exchange
OTC is more than likely an "Accepted Foreign exchange"
I expect and hope the days we have conversations about $2 share prices will soon be over...
Wearing, inhaling, and ingesting the green. Happy St. Pat's to all on the board here as well!
Nice find, interesting points and as it notes, applicable across all the federal border states.
it's good to see they are picking up one offs still to increase their footprint. I had expected more of these more quickly, but as long as they are getting profitable ones, I guess the anticipation is worth it in the end.
even dollar stores get more respect during a recession than pot. I keep telling myself the world will make sense some day, and each day get more and more disappointed.
Yeah, I figured 30 or 31, I was ( I guess still am) expecting a PR on the date, maybe toward the end of this week.
Did I miss the PR on the earnings call coming up or hasn't that been set yet? I must admit that it's tough reading stock news when holding my nose and averting my eyes at the horror of it all...
Isn't pot a recession proof product by the way?
anyone else buy toward the close today? I picked up a little more.
in part that's due to my belief shwz is best of breed. the only way it gets taken out is if they go private (or in my silly rambling), purely public and nationally owned. Luckily, neither of those appear likely, so let the volcano rip...
I was also humorously trying to admit that I was exceedingly off base on timeline for SHWZ to markedly increase its share price. We all look at a stock, and I certainly did, largely in isolation, or against its peer group, yes a bit on how the market itself is performing in general, but there are world events that no matter how distant, unlikely, or seemingly tangentially related to an mj mso in the southwest of CO, those things can can hold us in check. And we can't anticipate them. Ukraine for example is more than I anticipated beyond the whims of fed legislation or not in terms of impact. From an investing perspective, I call it the Ziggy effect, the black cloud that follows my investment choices ... No forecast can say when the cloud lifts, and who knows what crazy things hit the market in the coming months.
While away the last few weeks I've reassessed the impact of external unpredictable events on the SHWZ stock price and came up with the following scenarios for the remainder of the year:
1. Once the war in Ukraine ends, genetically re-created dinosaurs will escape a tropical island sending the markets into a 20% correction. SHWZ sits at 1.60.
2. Midsummer, a plague of locusts will devour much of America's outdoor grown pot, creating not only the biggest buzz in US history but setting back MJ revenue estimates by 34%. SHWZ price 1.60
3. Also in midsummer the Yellowstone mega-volcano will blow, blanketing half the US in ash. Market plummets. SHWZ price is 1.60
4. Late summer the US goes communist, nationalizing all major industries, including MJ MSOs. SHWZ price, nonexistent.
This is about how my investing plays out over the year... Back to waiting for the ER.
I saw someone had posted shwz is doing home delivery in Aurora. Here is an article about home delivery, shwz getting a mention along with others.
https://www.westword.com/marijuana/denver-legal-marijuana-deliveries-start-doobba-12156246
Can't wait to hear what deal is next. All accretive. Keep ‘em coming.