Preferred shares at 0 is worth nothing.

“We are prepared to win in the near-term and the long-term and continue to develop competitive advantages and capabilities. And we’re really built for difficult markets and certainly we’ve had that in Colorado, and we think this is going to be a shakeup year that we’re positioned well for. And certainly proliferation of license count in New Mexico really put a damper on the business last year. However, we’re seeing less of those openings and we’re seeing a lot more closings.

“So we’re going to continue to be a tough operator, we’re going to continue to invest in our stores, our wholesale business and we really want to continue to work for our customers and we’re going to do that and I think we’re positioned well to do that. I think the regulatory backdrop may in fact give us a little bit of tailwind even while we’re participating in these couple of markets. So I think it’s bright going forward and I just want to thank everybody for supporting us and go Schwazze.” - Justin Dye

“We have a couple on the brand development and the launch pad. I want to get a little bit closer to our next earnings release to make those announcements.” - Forrest Hoffmaster

“We’ve invested in automation where it matters and we’ll just continue to evaluate cost efficiencies at all stages of the grows and manufacturing as well and a lot of that will come through ERP as we’ve already seen improve operations in Colorado grows, getting our costs well beyond competitive levels.” - Forrest Hoffmaster

“In terms of the retail market, Colorado sales were down approximately 15% on a year-over-year basis compared to our growth of almost 8%. Population in the state remained flat year-over-year, with overall store count down 3%, driven really by a reduction in medical dispensaries and also offset by low single-digit growth in the recreational stores.

“Sales volume was down about 15% year-over-year in Q4 and we’re seeing sequential improvement and we’re in a developed market and certainly going through some growing pains as demand and supply kind of normalize. But we’re built really to withstand this and I love the opportunity for us to compete in a tough, challenging market, and I think, things are certainly going to improve.

“From a wholesale perspective, cultivation licenses count in Colorado have come down roughly 22%, which is a sizable move from approximately 1,200 licenses at the end of 2022 to over 920 as of Q4 2023, which is below pre-COVID license counts.

“We’re starting to see pricing stabilization, as Forrest mentioned, in the state with flower AMR remaining around $750 in Q4 and plant counts back to 2018, 2019 levels. So we’re certainly starting to see stabilization and we believe there’s improvement around the corner, but we’re going to continue to execute, we believe, in the short-term in a tough market.

“To summarize, we believe it’s going to be leveling out with steady flower AMR and believe shows stability regardless of how we really think about retail pricing pressure. We feel good about where we’re headed from a wholesale perspective standpoint.

“Looking ahead, we believe we can maintain solid retail margins, utilize the wholesale penetration growth to protect our CPG margins and we’ll benefit from modest increase in wholesale pricing as supply settles down.

“This could be a shakeout year for Colorado and our lightweight capital model, strong retail capabilities, we believe position us very well to continue to grow share of wallet from our customers. We’re going to continue to focus on retail execution and optimizing customer acquisition with loyalty and retention and unlocking liquidity through our current asset base.” - Justin Dye

“In New Mexico, it’s still a young market, and as we mentioned on the call, sales have increased 18% year-over-year in quarter four, but store count was up over 50%. So, that’s led to about 20% lower revenue on a per-store basis to levels that we believe cannot be sustained as they’re roughly about 50% of the Colorado market. We’re seeing closures trend upwards in recent months and starting to see net growth rates decline, so all of that is encouraging for us.” - Forrest Hoffmaster

“While we expect continued competitive pressure, we believe these early trends suggest we are entering a shakeout period for New Mexico, which should bode well for our operations in the state as we look to the future.

“In both Colorado and New Mexico, we increased wholesale penetration by over 3 times in 2023 to more than 27% total door penetration in both states. We have also been focused on refining our wholesale product offerings as we aim to provide the best assortment of high quality products with exceptional customer service.” - Forrest Hoffmaster

“In New Mexico, the proliferation of new licenses has continued outpaced market growth and although the illicit market in New Mexico has been pervasive, the state’s regulatory body has increased their license enforcement in recent months, as well as upgraded the severity of illicit market sales from a misdemeanor to a felony charge. Their efforts have resulted in an increase in store closures and we expect this trend to continue throughout 2024.” - Justin Dye

My point is the timing of the release by the company shows that the company does not view it as bad news.

Usually the company announces “bad news” after hours and/or on Fridays…

You think Nirup had a green thumb?

Big things popping! Little things stopping!

Starting after mid December there were 12 Green Days in a row followed by a red, green, red, Green Day before gap up where we then had green, unch, red, and now are currently riding a 6 straight Green Day streak.

What are you talking about?

The governor, meanwhile, is proposing new cannabis tax revenue distributions at the state level to further promote equity and streamline licensing as he pushes for federal reform. And he said recently that his state should be at the “center” of the national and global marijuana trade once broad prohibition is lifted

Duuuuuuddeee…

Los Sueños shut down, Colorado Harvest almost bankrupt, failed launches by medically correct without incredibles outside Colorado…

It is terrible what Andy Williams promised and it is good what Justin dye delivered.

https://www.jazzpharma.com/comp_announcements/transforming-together-what-our-recent-acquisition-means-for-patients-and-our-people/#:~:text=Today%20is%20an%20exciting%20and,of%20regulatory%20approved%20cannabinoid%20medicines.

Wow. A company hiring 66 positions in an environment where tens of thousands of people are being laid off every day!

I hate woke crap.

$107m of the $147,594,213 notes payable due in 2026 is a convertible note, which can be amended/refinanced.

The 10q on pg 44 states, “Management believes the Company’s current projected growth, revenue from consummated acquisitions, and revenue from operations will be sufficient to meet its current obligations as they become due.”

The lawsuits sound like bs to me. Harvest had bs lawsuits from employees and former employees and Harvest won. Harvest is a POS company, and I absolutely cannot believe they won. I am truly shocked. Furthermore, the RICO case against other MSOs could have brought down the entire industry, and it was based on fake bs from former employees. Another shocker to me. I thought these court cases were going to go against the companies.

Shwz has post 5 new job openings over the past day on LinkedIn.

Well, there’s not much to be happy about here, but I just researched Kathy Vrabeck, and she is extremely impressive. It could be a situation where they wanted to replace and upgrade a board member.

They brought in $114,414 per store per month when $12.7m is broken down evenly over 37 NM stores over the last 3 months. Some of the stores obviously bring in way more and some bring in a lot less.

Does the data include the wholesale side? I wonder how this breaks down for operational cash flow.

Everyone and their mother says this stock doesn’t have liquidity. Well, there’s your liquidity.

Oh, I guess it was already shared, but for some reason the links for YouTube aren’t displaying on my app.

Interesting Schwazze video:

The complaints I’ve seen on this board are ridiculous.

I think medical companies possibly will hurt the worst from this news.

I think a lot of ppl told them the reasons why they aren’t happy.

Looks like they have an updated investor deck on their website.

https://ir.schwazze.com/static-files/8bb5e456-6f27-41a4-92d9-4a93d2c95b0b

Your arrows point to SHWZ being at a bottom.

Obviously you picked one of my two talking points to focus on like a person with an agenda.

You can’t answer my question on how you’d rather prefer them to get cash for M&A when they had zero cash, zero plant touching operations, zero integrity, and entered into bad deals.

If you were smart, you would have contacted the company regarding trading shares for preferred or buying preferreds instead of buying commons. You have known about the preferreds for as long as the first day they were filed.

I read the con call. It seems like they are working on big things within the two states and are going to expand into a 3rd within a year.

They are looking to be super profitable from operations and their was an adjustment that will look good for future filings.

And you are ridiculous.

Shwz is the best cannabis operator and in my opinion the most undervalued asset on the market.

I wish you would have.

How else would you suggest SHWZ execute M&A? They literally had no cash, and Andy Williams told ppl at Benzinga in Chicago in 2019 that they were going to get a loan.

Good news.

Have you shopped at Starbuds? Their displays are the best I’ve seen in cannabis. The price went up because there are more stores.

Dude. Those preferred shares are underwater right now. You think management likes these prices? You make no sense.