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Thanks, damAcon1. I keep stumbling on the NM numbers from conception vs monthly. Been busy counting balloon splashes this weekend is my excuse. I count two (something went boom above Montana before the Carolina Coast)
Did find an article which dovetails your findings. Looking at the rough ramp of $91K for Sunland Park, SHWZ had a similar drop of $97K in Las Cruces. Better our own store cannibalizing that a competitor taking the whole of the biz. Maxim of be where the customer is applies. If it could do so in a lawful manner, they'd be deep in the heart of Texas already, lol.
https://www.abqjournal.com/2569884/recreational-cannabis-sales-drop-in-january-but-still-remain-high.html
The walls are closing in, Doc. In a good way.
https://cdn.onestopmap.com/wp-content/uploads/2018/03/700-wyoming-plus-vm-uswy-j-oy1m-1.png
I think a whole lot less than $50K. Regardless, your reasoning is sound. Imagine another better portion of a dozen or so of these with 1-2 stores/mfg or more per. Would add up!. The paper trail (streaming of news items is useful for new investors and growth so there is an equal argument for both especially in a crowded or tough market)
https://www.swordandthescript.com/2021/01/press-release-pricing/
Looks like NITE is straddling by sitting large at below the bid with 32,900 @1.40 and placing a wall on the 1.43 ask with 44,900. A three-cent spread. Trader friendos everywhere.
https://www.otcmarkets.com/stock/SHWZ/quote#level-2
Looking at the trend in prior announcements it appears they are favoring opening events as PR material of late while posting locations coming soon on their website. They have a history of filing 8-K's or PR's (with an 8-K following if the initial announcement is in the form of a PR). Perhaps this is to reduce some duplication or there is another on the heels to follow?
It is a while to wait if Q4/Annual Reporting follows last year's @ March 31 for some relevant Q&A discussion. I try to keep tabs on the corporate presentation slides and each of the store brands for such commentary/updates/guideposts. Per the sector, I found GTBIF is releasing their Q4 on February 28. Perhaps we'll start seeing an earlier reporting envelope, but I suppose the auditor's process adds some time to the preparation of the quarterly and annual certified results. Wise to rush a new CFO? He may surprise anyway and be earlier. Am hoping to see a pre in the next couple of weeks and see the cycle move up. Time will tell.
Thankfully, the stresses of optimizing virtual portfolios based upon higher volume doesn't include real employees, tangible assets (like two dispensaries with a grow added) and a great new customer base to serve like: https://www.smokeys420.com/locations.html soon to be incorporated into of the Schwazze house of brands, where the heavy lifting for those that undertake actual risk-reward optimization gets done --and better than most, even at a whisper.
Are you back?
It's a new County!
Well, that sort of muted our previous conversation. Impairments...ah, skip that.in a great way! I count two in this add as CO #26 and CO #27 for 41open of 43 announced in month one. Although, it appears they had a Garden City and 2 current in Collins. #44 possible? I'll wait for the PR or conference call, slide update to confirm. Will be interesting to see if the State and municipalities are quicker doing these transfers after a few years of practice and how they are branded --one SB, one EF, or?
"...pursuant to which the Purchaser will purchase substantially all of Sellers’ assets used or held for use in Sellers’ business of owning and operating its retail and medical marijuana stores located in Fort Collins, Colorado and Garden City, Colorado"
I know you mean well Doc, but the debt structures are what they are until the cost and degree of what the company sees as reasonably available financing changes. Discuss, harp at will by all means. The debt structure was negotiated and was disclosed at each step. If you don't like it, of course, by all means, sell or do what you see fit. I plan on seeing this through to what I perceive as a much greener mountain side as a long. In terms of progress, they are doing great and I have great enthusiasm for This Team. The stock price, still a caboose...but on the track ahead of many others that don't impress me nearly as much -- at the sidings or derailed. '22 was a very bad year canna stocks in general.
Devil's advocate position: Instead of depreciating goodwill over the normal 10-years, it is suggested to accelerate this due to the contraction in CO and admit a mistake...an overpayment for Star*Buds, Emerald Fields (specifically Manitou Springs --a sincere question mark for me today --my hindsight being admittedly myopic), and alike? Sure, it can be done, but what exactly will it achieve for book value other than write down/off prior asset costs and recognize the impairment now? Is the impairment that significant? It's important to understand we AREN'T talking about closing any of these...or hypothetically, are we? And hypothetically, yikes! Is there any current or future tax benefit or is this a metrics-wise let's feel bad too moment which most of the companies in the sector are having to recognize? Let's recall these deals were mostly immediately accretive when acquired.
My personal preference would be dealing with the notes as they are coming due in a timely fashion* (plain old debt reduction) and let depreciation take its course. If there is a benefit, I suppose we give the new guy his opportunity and if it makes sense, so be it.
* factually, such reduction will of course have a greater effect on derivatives, debt to equity, debt to a/ebita, and of course servicing costs which would allow for the opportunity to engage in any future larger deals which are hamstrung by current debt obligations and the what the lenders may otherwise view as added or unacceptable counterparty risk.
Good question. Audited results required for year end. More eyes than any other Q and about right in time for being in circulation? What doesn't correlate to me is the reckless nature of today's wake up sale for an immediate imbalance which dropped the price. I read feckless retail market order. Do you foresee a bad pre-announcement this week? I just don't see that happening. So, I too watch and wonder why?
Well, is it the $MJUS? Mind you, nothing would surprise me, but they last added shares. Now at 307,332 up from 301,544 that I found.
Yes, Doc... As of 1/28: https://etfmg.com/funds/mjus/
What makes a market.
No surprise there. The admin is punting at every turn...and doing perceived harm while doing/changing nothing.
Imo, if companies ran their businesses conservatively for the long haul, they'd be fine too. Most didn't. So, instead, some of the largest are finding themselves overextended and lacking a viable executable plan requiring a near term rewrite of their biz at the expense of employees, ops, and past public investment capital. In the meantime, boring well-run outfits will do fine at the expense of the not so well-run, much like the present turmoil.
It's (overt federal policy support) mostly an all for '24 campaigns issue which both parties will craft varying degrees of mutually improbable and ultimately meaningless support until, until a federal excise tax percentage is agreed upon. Until that time, I do, however, see SAFE being passed. Why? There's too much tax revenue from credit card sales being lost. And the card issuers want the biz.
That's a nice take on it. I was looking at the other side of it, as to someone motivated by their rapid liquidation of 50k+ shares at market on the OTC. Would not be even my second choice, but that's generational opportunity on full display for this, this AM, and what has been the sector in general.
Bye-bye $MSOS. Implosion probably not preventable. Less than $2.50 soon? Oversubscribed stocks and their shredder treatment in full ripsaw motion. The tweets as to dilution and borrowing to fund impaired assets are as instantly glorious of error recognition as they are truly sad. 25% headcount cuts at CCHWF and 10% at CURLF in 48-hours is not generally speaking, good for the sector.
Ya know what’s not good for stock price recovery? Writing off assets that previous equity raises and dilution funded.
— GoBlueCdn (@GoBlueCdn) January 26, 2023
Nothing screams “trust the c-suite to be good stewards of capital” like a good old juicy impairment.
I hope VeraNO wasn’t sloppy in acquisitions DD too.
Dominant centers of gravity growing forth.
Does clear the landscape for this Super Regional to proceed as articulated. Hmm. Mountain resorts (Aspen, Vail, and Carlsbad) sooner or later in the '23 hopper? Pop centers still highly desirable, but name recognition for the seasonal visitors and their influential hosts also important to the mix. Dominant centers of gravity growing forth.
'Perfect Storm' for Cannabis M&A in 2023 Small and midsize companies will see the most activity.
https://www.greenmarketreport.com/perfect-storm-for-cannabis-ma-in-2023/
Grand re-opening celebration for the newly relocated R Greenleaf Dispensary in the Heights this weekend: https://myemail.constantcontact.com/R-GREENLEAF-HEIGHTS-RELOCATION-CELEBRATION.html?soid=1105979720700&aid=yRqSBpxvGGs
For the 2.0 crowd lurking here and taking notes...what good growth looks like this week. $SHWZ !!
And in other #MSOgang / Tier I sector news...the canna hits just keep on coming in 2023...
Moose and squirrel Boris? NYET!
Twitter CEO Boris. DA!
Radioactive Russian oligarch's secret laboratory Boris. TO XE CAMOE!
Another Tier I bites the dust Boris? And wtf, smh.
Where there is smoke there is fire!
— Betting Bruiser (@BettingBruiser) January 20, 2023
I think every single state regulatory body should be looking into @Boris_Jordan ties to Russian Oligarchs and how they funded $CURA $CURLF.
This in not a non-issue like $CURA $CURLF and their shills make it out to be. #PotStocks #MSOgang https://t.co/hpeBq6kQCm
Then an aggregator on twitter adds:
https://twitter.com/StckPro/status/1616428638018363392
A buy rating? Who knew by the Noble headline? Under a rock in Florida.
Joe Gomes came out with a comment, but they hide that fairly well as something classified. Okay, IR, day one, let's start here, for example. A covering analyst and why is this so hard to read in full? Is this as unhelpful as it seems to the bigger picture...lol.
https://www.channelchek.com/news-channel/schwazze-shwz-a-new-cfo
Last three major hires have all served as CEO's previously (FH, KD, and SP). An overlap/expansion package ready? Looking at FH's task/responsibility list, what doesn't he do? The BOD found the company a fellow of great talent and ambition it seems!
As an investor, am looking forward to a demonstrative investor relations arm and of course timely, superior financial planning/accounting supporting the anticipated growth ahead. Am excited for us here!
Absolutely some great hires and recent promotions all around.
Happy retirement, NH!
Good work on putting that post together! Interesting set of locals with some advanced trap mapping of walls closing in to consider, especially if C' Springs decides to go rec as well.
Well, besides SHWZ skipping past them for the dominant CO position...
Are these locations (as/will be priced) accretive to a smart, efficient, and nimble potential buyer even complimentary?
CCHWF has already said they were unprofitable (per their internal cost structure) imho completely overextended with the tide still going out and exposing their overspending spree.--after I've watched them take their stock from $6+ to sub a dollar. Now their secured lenders on the other hand...perhaps, that's for Cresco to square while dressed as a white knight about to wade into the mud and the "why" I see as desperation to close at this insane low price seemingly no matter what?
I guess SHWZ is eating their 2.0 lunch.
As it relates to SHWZ's CO market, CCHWF closed 3 unprofitable dispensaries and "trimmed" a grow op.
Wonder if any shops they paid a premium for had the doors locked? Is Cresco buying themselves a biz that overspent and spread themselves too thin, ran out of room, all while trying to go head-to-head with illicit thinking they'd have legal much sooner? This is looking like a VRNOF/GDNSF attempt to get infront of a bad deal to me type of PR before it implodes as a worst case offer. I thought this was alredy supposed to have closed? Might the .5579 per share conversion rate go down with 4 fewer dispensaries/grows to obtain? Hell, AW pulled down $70MM for his four in CO as an example. That's a few shiny pennies of premium CCHWF spent in the past. But hey, it's suddenly um, dynamic. Sure. That's the ticket:
"As Columbia Care continues to grow and evolve (like their stock price?), we constantly reassess our operations to objectively determine whether changes are required to drive the business forward. In light of unprecedented inflation and persistent economic headwinds, the current dislocation in the capital markets, and the political and regulatory structures that allow the illicit market to proliferate in some jurisdictions, we have made the decision to restructure targeted areas of our business. As a result, we have elected to proactively manage our operations to enhance profitability, competitiveness and overall success as a market leader in a hyper-dynamic environment."
https://finance.yahoo.com/news/columbia-care-implements-efficiency-initiatives-120000012.html
Also looked at CO and agree with what I've seen. Was interesting to see the drama at Native Roots, a former terminated term-sheet, but the growth there was incredible over the last couple of years despite the internal litigation...despite all the motions, the interesting thing to me would be "cash for keys in places we not be's" and continue the model. Or, an attractive dance partner, but they DO have a way of surprising!
Steven, thanks for the percentile update. Impressive and I too think very likely as actually and reasonably accomplished given what we can find with a Dec demand bounce anticipated.
https://www.westword.com/marijuana/denver-judge-native-roots-marijuana-ownership-battle-14081538
Well, I have a theory on this move. Good and bad. Mostly bad.
For a moment assume what would be a crux argument re dope to still be to a conservative? Firearms ownership and a Schedule I in the same sentence? Impossible. Perhaps, this is telling, as a great deal of said conservatives who own guns don't consider the Schedule I a legitimate schedule at all for Cannabis? More like booze? Now recall the current speaker openly supported SAFE in the past. SAFE Plus (or ATF&E SAFE) is coming. Will Chuck derail that? We really will know who is favorable shortly. And it might be super embarrassing for them in the Senate to do nothing a tenth time and try to blame Mitch (a third or fourth time) when he doesn't have the votes to stop it and never did previously. But the three musketeers (CS, RW, & CB) never let a vote be taken over 24-months with a majority party in the House, Senate and WH, did they? They too added SJ drama reforms to the extreme that made it impossible.
A little-known fact. In FL (D) for Govenor candidate, Nikki Fried sued the Democrat installed DOJ along the same lines --and lost. Badly. Well, THAT should tell us another thing...Re/descheduling should probably happen first or the impossible is a likely outcome AGAIN!
In the meantime, if these ass clowns would stop with the impossible gold plated left-right plus bills which seek too much at a time, THEY probably could pass SAFE by itself without much bloviating for a on points win. But we'd have to actually have a vote on what Perlmutter sent over many times previously and could not get done with his own party in control. Maddening, huh?
More furious tweeting about free cash flow these days. Get this...now T1's are viewed as "value" plays since "growth is over". What the eff changed? They ran out of money and now must see if their plan works in an austere environment. Huh. Let's review, some got there by not paying taxes...and some by taking on MORE debt to defer debt due soon? One is still attempting to merge their way to greater debt, lol. Their models with limited market penetration and spread across multiple states with higher overhead lacking efficient operators will now be considered value added? Overbuilding and stuck in med land or where the black-market rules sure looks like a winning strategy for the masses. After all, buy T1's per Cantor's Pablo and don't buy (in fewer words sell) the $MSOS ETF (a year late says the wolf or feedback loop error code?) All the while their ETFs are having to make redemptions while 60%+ off their buy-in levels and the stocks are still ripped and stinky raw? Huh.
Finally, someone suggested in a reply, a different tune, but well I guess we'll see, $SHWZ!
The most important KPI for the cannabis sector in 2023 will be.. *drumroll*.. Free Cash Flow (surprised?).
— Toby Channabis 🇺🇸🌿 (@mayortoby) January 12, 2023
Which companies can self fund their current biz.. while also wisely investing for long term growth?
I agree with your homophone choice of "peak" vs a "peek". Is NV a real necessity? One Hell'va drive through Utah or Arizona to Colorado or NM to gain a forward staging area reefer rest break next to the Back Hole of Calcutta illicit market in CA which (imo) has/is destroying Med Men, Statehouse, Lowell, and Glasshouse (and Jushi?). Planet 13 has opted to do both CA and NV and now is looking to FL. Telling us the future perhaps two years too soon? Unless three-dimensional chess is already in play and both of the latter are playable dominoes, I can't see this without a lot more information which I don't pretend to possess.
A strategic "mIsteak", are what I see this hitch as in immediate terms, but does "pique" my interest, nonetheless. Good scouting report on the potential terrain! Oddly, I also keep looking at Ianthus' holdings in a couple of areas closer to and farther from home as potential bargains as the current owners are in some $25MM as their total investment on 18-dispensaries +++ plus/minus any 280(e) that follows them. That is a divided set of numbers that makes sense, perhaps. Logistics and scalability is an already proven problem there too.
Moreover, I keep coming back to the model that works --and in use now. I agree that TW has a overflowing set of plates of Hors d'oeuvres this year to choose or stay organic, less cash buys in CO. A Merger? Well, that's why he is getting paid the big bucks!
Looking at the PR carefully there are some obvious remarks to be made of this. Jeremy Bullock now reports to Steve Pear. JB runs the commercial portion as identified as Success Nutrients and Big Tomato. They sell nutrients on the national level already.
Julie Suntrup, VP Marketing will also report to SP. There should be a brands tie-in at some point for the various brand names to coalesce under the "Schwazze Fine House of Brands" banner to expand their presence. We already see PurpleBees cross populated in their existing stores. The Gratify universal rewards leads the customer to the other company stores (this is already being done), be it as SHWZ's preferred competitor, partner, with unique brands that exist across the stores, supplement, or fill demand as niche items.
As we all asked before, WWJDD? Something the Team can put on every supermarket shelf beyond the dispensary that equals awareness? That would be too cool. And of course, a brand in concept to selling the equivalent of a Starbucks' 12-24 Frappuccino flat in one's nearby Costco....but THC is a whole different animal! The focus therefore is brand awareness, multi-cross level marketing as allowed, and denial of competitor comfort/consolidation through aggressive, focused expansion. I guess they intimated that already, lol.
Does make one wonder what the next "big thing" will be for CO and NM or ? Could be many things popping up within the four extreme corners of the rough rectangular dual state map as drawn. Government inaction helped make that expansion perhaps all a bit easier at the expense of the overextended and the undercapitalized. They seem to have a model that works, I'm just looking forward to seeing it go on the road this year with current names and new names appearing farther from home. A M&A play? Never say never, but they have some previous obligations to negotiate to stay at the top of their game. Question will be are the deals worth modifying some existing agreements by the parties all viewed positively?
https://ir.schwazze.com/static-files/a6b813ad-1c03-4a7b-be60-e3bf7b789546
Some updates added. Some slides obviously OBE, as in overcome by (non) events.
Suppose we'll be seeing some repopulating of IR presentation dates, who is the new CFO going into '23, and even perhaps a pre on the Q4 earnings within the next 48 or so days as they have expressed previously, they have a Q well in hand in about 15-days post event.
Congrats on them Dawgs, Doc! That was a game statement which didn't leave much doubt for naysayers anywhere.
Sell it?
Hell, they are just getting started! Have you counted 100-dispensaries yet?
I think we are going to see how capable adults run things this year, in the extreme --of extremely well at SHWZ. Standards where no canna companies in the Tier I group can hope to compare per scale. If they (any Smart Tier I) were lucky, they could buy out the management here with the company in a M&A to take over for them. Sure, that sounds a bit conceited. And very much is as written is without any apology or retraction needed.
New Member Executive Leadership Team
Ken Diehl
President, New Mexico Division
Ken Diehl is a highly accomplished professional with over 30 years’ experience leading retail industry operations, marketing, merchandising and strategic pricing initiatives while overseeing billions in annual revenue, improving expense budgets, and increasing profits. Ken has experience with Grocery Retailers Kroger, Albertsons, Jewel Osco, A&P, Strack & Van Til holding the roles of Chief Executive Officer, Chief Merchant, Chief Operator, Chief Marketer and most recently as Chief Merchant for Leslie’s Pool Supplies while also helping to project lead an IPO in specialty retail. Ken studied at Arizona State as well as Cornell University before leaving to join the military where he earned a Top Secret clearance as an honored veteran of the United States Navy.
Star*Buds website now works! Still would not advise allowing the site to determine one's origin if residing out of State. It defaults to a 50-mile range and slows finding all the stores drastically as I get to start where there are none in Central Florida. Sad there isn't a starting overview map view to begin with showing all 19-locations at once?
Same criticism goes for R Greenleaf, but more downside. It is disfunctional. It has a 5 mile search radius and never shows any of its own stores even with an exact zip code match? Nor is there a map overview of NM and the stores. The drop down store locations by city is good, but a map...would be so much better!
A super Saturday idea? How about a shop Gratify rewards map with all linked stores on it. Emerald Fields, Star*Buds and R. Greenleaf?
I've read a great deal how some of us think in pictures while others in words or phrases over the years. A picture is worth a thousand of the latter. Apologies to the blind as I see it.
Nice find, Chicus. Great uptick for the end of the year I don't think unexpected at all (but very pleasant in light of the economy) I believe, historically, the Dec-Jan period accounts for more than half of US retail sales (post Thanksgiving into Christmas and New Years pre and post sales. Hope we see an up in CO as well. This isn't that surprising, but what is surprising is the demand cycle is "high" to begin with --all year long for the rapid commoditization of cannabis. We may not be getting our fair share, however. Have we considered that in relation to alcohol and smokes? The TAM is not getting smaller despite what some naysayers would like us to believe imo (pharma, alcohol, tobacco and the fentanyl/cocaine Cartel). The illicit market, besides politicians paid off by the foregoing, may be the greatest obstacles to growth besides the customer base's inability to use credit cards. SHWZ may exceed their footprint per percentage growth, but the legal total addressable market is being stunted nonetheless.
Their website for Star*Buds is on lawn dart autopilot at the moment.
1. They updated. 2. Lacks function. 3. Try searching stores. 4. Not what good looks like.
Being located in FL sends me to Los Animas and then there are no other stores to view when moving the non interactive map (never shows any/all stores) back to Denver and clicked or when clicking other stores. Not good for investors/tourists or any ANY real shoppers. Similar to search function on the R Greenleaf site which also sucks for the same reasons using a zip code for a search entry...I know by rote memorization every 5-digit zip code like cities I'm driving through or planning to visit? Stupid me. That by far is the most idiotic search term ever devised for a company's customer base, but sounds like an IT/Web Engineer overdue weekend fix.
Appears they've split off the other noncompany owned Star*Buds from the site. Personally, I am not a fan of this change at all, but it may be necessary. Time will tell I suppose.
Of Death and Taxes...
Add to the fact that taxes (those that are generated under section 280(e) are considered personal as they attach....they follow the officers of a company until satisfied. At what point is or does the govt call nonpayment evasion? The arrogance some of these entrepreneurs have exhibited will likely vanish shortly as will they. Change is a coming (although Winter in lieu of simple change seems appropriately dramatic) I don't follow many people, but I read everything that I can find while I'm here. This was one such nugget from one of my favorite calls them as he sees them, and he's not terribly impressed like some analysts, managers, or rag writers that gush of individual wrapped candies, unicorns, and fairy dust:
Sadly, 2022 ends on a particularly low note for $AYRWF shareholders. Ayr set a new all-time intraday low of $1.19 today & a closing low of $1.20, equating to $0.044 for Liberty Health shareholders who drank the Kool-Aid & converted their Liberty shares. #Sandelman #SPAC
— Dr. James V. Baker (@caster561) December 30, 2022
Correct. IMO: I don't see them as viable. Oppressive debt. Center of mass still recreational. Losing money. Taken under by debt holders most likely outcome barring dramatic and favorable political/market shifts.
While in a jovial mood...
The stock will have to move up in price likely before an up-list. This year!?? The OTC doesn't prevent that from happening by itself. We've seen plenty of prior highfliers that are still OTC. They too met gravity but lost much bigger because of what they failed to accomplish or properly prepare. I'm also looking forward to more "hold my beer" moments this year as this climbs the rank order within the sector 's now seemingly fragile and about to be rejumbled tiers for those of us here who fancy models are proven correct that this differentiated company we've been viewing (and backing) will be that same winner we imagined when we made a choice and looked at this sector.
My quicks new year predictions: Looking at a popular and well-known December 5th spreadsheet on twitter...Dead cats are upon us for another two-weeks? Then...One spectacularly bad Tier I almost failure. Three, possibly four Tier II failures (two well already well known and still hanging around, and one a Tier I blowup). At least three Tier III failures. The Tier IV as they appear: On an IV. A general recall of "analysts" ala 51/50 will also prove embarrassing. Well, it should be entertaining...Demons, be gone!
SHWZ appearing more favorably in more articles and charts...Indeed!
https://www.benzinga.com/markets/cannabis/23/01/30261152/low-valuation-multiples-and-leverage-are-a-winning-combination
Not a MSOS inclusion as referenced, but in another database hopper nonetheless (wade down to chart below) They tracked 138MM shares for SHWZ MV column and 250MM shares for the fully diluted (believe it's actually closer to 191MM shares)
2. Source: Stoic$MSOS FD ITM EVs:$CURLF $4.12B$GTBIF $2.24B$TCNNF $2.15B$CRLBF + $CCHWF $2.05B$VRNOF $1.49B$TRSSF $590M$AYRWF $539M$JUSHF $445M$FFNTF $351M$ACRDF $276M$GLASF $241M$MRMD $180M$GDNSF $121M$PLNHF $89M$LOWLF $75M$VEXTF $51M$CXXIF $35M$GRAMF $16M pic.twitter.com/gIpzgcuneD
— Sammy J (@sammyj_19) January 3, 2023
Cash flow from....see the shiny? This fickle bunch on twitter has a new metric for the year after painting aebita with feces last year.
In the meantime, recall a couple of tidbits (I read foot stomping):
Schwazze Ends 2022 Strong With Additional Cannabis Dispensary Opening In New Mexico, Bringing R.Greenleaf Dispensary Store Count To 16
Since April 2020, Schwazze has acquired, opened or announced the planned acquisition of 41 cannabis retail dispensaries as well as seven cultivation facilities and two manufacturing plants in Colorado and New Mexico. In May 2021, Schwazze announced its Biosciences division and in August 2021 it commenced home delivery services in Colorado.
More than the following:
Jushi
TerAscend
Cansortium
IAnthus
Ascend Wellness
Acreage Holdings
MedMen
Goodness Growth
Statehouse Holdings
Red, White & Bloom
MariMed
Glass House Brands
Body & Mind
4Front Ventures
VEXT Sciences
The Parent Company
TILT Holdings
Planet 13
C21 Investments
All or most of these in that same 2-year period have been stagnant or reached a point of growth which they could not sustain being onesies in each market they entered and have ground to a halt because of overhead? In Jushi's case where are the 50+ dispensaries? There's now a question re the Blockbuster syndrome. A market is what it is WHEN it is. Are there still liquor stores? Well run ones, of course! It's a fascinating case study for most of the these in zero penetration with birdshot while confronting cocaine bears.
SHWZ going nuclear. 41 dispensaries now open is a great way to kick off 2023...Alamogordo!
https://rgreenleaf.com/location/r-greenleaf-med-recreational-cannabis-dispensary-alamogordo/