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Blow out earnings, Dye is amazing!
Just because the volume on the NEO is low, doesn't mean that institutions aren't buying now. Being listed on the NEO can make it possible for some funds to invest in SHWZ because they are listed on a major exchange. Since it is a US company, most of the trades will be on the OTCQX.
I know this can be confusing/frustrating and it will take some time to understand and get used to.
Currently $1.67 in the US is equal to $2.09 in Canada. Last sale in the US is $1.67 and the last sale in Canada is $2.09 so it is equal. You are going to get the best price no matter the exchange except where fractions of a penny can take place.
When you trade a dually listed stock on the USA exchange and the Canadian exchange, you have to have both exchanges on your computer screen to see the total shares traded which is the total of both exchanges.
So, in your example for yesterday, the total amount of that stock traded was 535,997 shares (120,397 OTC + 415,600 TO = 535,997).
So now every day you need to take the SHWZ shares traded on the OTCQX and the NEO added together to know the total traded. Also, you will need to be watching both exchanges to get a real idea of what is being bid or offered for real.
Sometimes it sucks, but you will have to pay attention more to both exchanges to get a better picture. Since it is a USA company, the major volume of trades will take effect on the OTCQX, not the NEO.
Currently the majority of the volume is on the OTCQX at 113,629 with only 7,700 on the NEO.
You might be right, and this is where the confusion is now concerning trading on two exchanges. So, I will do my best to help clarify.
Total volume traded a day is the total shares traded on the OTCQX and NEO added together.
This gets more complexed on trading the price because you could see double printing in the US and Canada due to the fraction spreads of between the USA dollar and the Canadian dollar. So, if you put in a buy order for 500 shares, a market maker could buy the shares on the other exchange if the offer is fractionally cheaper than your limit price and then turn around and sell it to you on the OTCQX at your price/or better price and make the fraction of penny difference (just as the same as trades taking place between the OTCQX spread). So instead of your shares showing one trade of 500 shares on the OTCQX, you could see 500 shares trade on the NEO first and then trade 500 on the OTCQX. So, the volume of your 500 shares is actually 1,000 shares. That is how you can see increased volume despite not really affecting orderly trading. SHWZ just had 45,000 shares traded and none of it traded on the NEO because it was between the spread of the NEO quote.
Sometimes depending which brokerage firms you use for your orders, your order can both be on the OTCQX and NEO at the same time and wherever it trades first automatically cancels the order on the other exchange. That is how the NEO has orders now because without an IPO by SHWZ on its exchange, how could they be executing trades?
It is hard to explain in words but if you understand it, it is easy to figure out. Having traded US/Canadian dually listed stocks for a long time, it is something that I can see right away.
I tried to simplify it for you, but don't know if I did such a good job at it.
Trading on the NEO doesn't affect the USA shareholders because they didn't do a secondary IPO of company shares so we didn't get diluted.
IHUB puts out press releases when companies pay for it, or they copy it from a major newswire. IHUB is a great source of information and exchanging ideas, so I will say it was a surprise they missed that news announcement because they do a good job at that.
SHWZ put out press releases on 3/17 through the major newswires so IHUB either missed it on the major newswires or didn't get paid for it.
I own shares is a few companies that trade both in the USA and Canada and knew this wasn't going to be a big status change for SHWZ shareholders.
As I stated earlier, don't expect volume change until earnings at least.
The volume change then could just be increased volume due to the earnings release and most likely won't have anything due with listing in Canada although it could help because Canadians can now buy the stock especially if earnings are really good.
Yes, you are trading the same shares on both exchanges. If you lived in Canada and wanted to buy shares in SHWZ, you couldn't do that until today. Now that the stock is listed in Canada, Canadians can now buy shares in SHWZ.
The more people that can buy your stock in the world gives the ability for possible price appreciation. I AM NOT EXPECTING THIS, but if Dye decided to expand taking the company to Canada, then it would probably catch more attention there. But since many Canadians have interest in cannabis companies with it being legal in Canada, it opens another option for stock investors there. Since SHWZ will most likely be one of only a few cannabis companies that will be profitable, it will most like gain interest.
As I stated yesterday, SHWZ shares trade at approximately 80% American dollars vs 100% Canadian dollars. So, at yesterday close, SHWZ at $1.68 American was equal to $2.11 Canadian. Currently SHWZ is at $1.69 in the USA and traded at $2.12 Canadian today. They will cross trade SHWZ between the US exchanges and the NEO to keep the price equal to the US dollar exchange rate vs Canada.
So simply put it this way, don't expect anything to change about SHWZ's price except to know that it gives the Canadian stock traders a chance to own shares in SHWZ.
And one more thing, being listed on a senior stock exchange (NEO is one) that will make listing on the NYSE automatic if cannabis becomes legal in the USA in the future because the NYSE and NEO have an agreement that makes companies on either exchange qualify for both exchanges due to the due diligence to be listed on either.
They don't disclose any sales on emails. The emails are from the Southeast Edibles division so you need to go to that website and sign up there. Here is the link below:
https://seecbd.com/
The corporate office of First Foods Group basically doesn't put out any emails except for financials/news press releases through the business newswires.
Why would you expect for the price to go up or the volume change?
As far as I know, they are selling their product without issues. The key will be is how were sales growth and margins?
If you are on their emailing lists, you should be getting consistent emails about the product and sales. Also, they are doing a good job of promoting on Instagram, Facebook and Twitter. Obviously, we still have to consider how selling is going on Costco and Amazon. If that is going well, we could be in for a nice surprise.
I am a daily consumer of their product which I think is great and really enjoy so I am a big believer in what they are doing.
I am expecting earnings sometime this month. The company has been consistent putting out annual earnings sometime in March.
This stock always trades in spurts and then goes dormant for a while.
We could get some more consistency in trading if we can finally show some good earnings.
Yes, they are trading in the same shares.
It is the same concept of wanting to invest in say a company in Japan, but their shares are only listed on the Tokyo exchange so you can't buy it because it is not listed in the USA. But the Japanese company wants the opportunity to get more investors and feels it will find an interest by USA investors that can help drive the price up. So then that company lists its shares on the NYSE or NASDAQ so USA investors can buy it.
SHWZ went on the NEO exchange, so Canadians can buy its stock. Canadians are very interested in cannabis companies with so many companies operating and listed in Canada, so it makes sense especially if SHWZ starts to have great earnings. They will bail on the Canadian cannabis stocks and flock over to SHWZ instead.
It opens up SHWZ to investors in Canada, so more people can invest in the stock. That is the only reason it helps the stock; it has nothing to do with evaluations.
I am not expecting a lot of trading on the NEO exchange until earnings come out. That should bring some interest in trading on that exchange.
We will not see price appreciation until the cannabis sector reverses its downtrend. Today's two deals concerning Cresco-Columbia and Aurora-TerraFarma means to me that we are pretty much at the bottom of the downtrend. We were around these levels and rallied a bit but have returned to this bottom area. Consolidation is necessary in the cannabis sector because of too many losing players so some of the bigger companies will grab up a smaller player because this is as cheap as they can get them.
It is my personal opinion that Dye has another 1 or 2 acquisitions in the mix waiting to be announced after earnings. It is a perfect time to get these deals done cheaply before a reversal in the cannabis sector.
SHWZ will NOT have an "F" on the end of the symbol trading on the NEO. It will have the same symbol as the OTCQX.
If you haven't looked up the NEO Exchange, here is the link to it and you don't have to update your browser to have real time sales.
https://www.neo.inc/en/home
For SHWZ investors who have never owned a dual listed stock in Canada and the USA, the currency difference between the price is for every $1.00 Canadian is equal to $.80 for the US dollar. So, at the current US price of $1.60, SHWZ will be trading at $2.00 on the NEO exchange.
The one good thing about a NEO listing is that the NEO exchange and NYSE has what we would call a "sister arrangement", meaning that the NEO is considered a major stock exchange like the NYSE so if you meet the qualifications of the NEO, you meet the qualifications of the NYSE. Both exchanges do thorough background and financial requirements, so it has met listings for both exchanges.
Now SHWZ can't be listed on the NYSE since cannabis isn't legal in the USA, but if it was to become legal than SHWZ has met all the requirements to be listed on the NYSE and should be "fast tracked" to being on the NYSE quickly. That would probably make SHWZ the first USA cannabis company listed on the NYSE.
$1.62 American dollars is equal to $2.00 Canadian dollars. So it might be $2.00 Canadian dollars for listing on the NEO, but don't know for sure if is meant to be who's currency is required for listing.
Steven risk, you are correct, I misquoted which company (Trulieve) was the giant in FL. Thanks for the correction.
Knife, I like that we are thinking alike on what Dye is trying to build.
IPS, sorry but I don't ever see that happening. In my opinion, Dye is interested in building a regional powerhouse, not a national one. Staying a regional powerhouse makes logistic and economic sense going forward if legalization finally does happen.
No way they will be a powerhouse in FL, that is dominated by Curaleaf and would be wise to stay away from east coast blue states (PA) because they will have to many restrictions regarding the sector.
Since cannabis isn't legal, it would be more difficult to manage operations in these other states because to make it more profitable, you would need to own the grow facilities to keep better margins. I am unsure if Cansortium has their own grow facilities since I haven't done any DD on them.
I would like to see Dye grow into another state if financially feasible, but I expect it would be a border state to either CO or NM.
Just my thoughts.
As usual, the trading in this stock always has me scratching my head. We only have now 3 of us watching this stock on this chat board so we know it isn't widely followed. If we get any positive earnings, we could see a nice jump up to the $.50 level in my opinion. If that was to happen, I would love to see it hold that level as a new base because I believe there will be more good news in the future if the growth can continue.
SCHWAZZE SIGNS DEFINITIVE DOCUMENTS TO ACQUIRE ASSETS OF URBAN HEALTH & WELLNESS, INC.
Press Release | 03/16/2022
SCHWAZZE SIGNS DEFINITIVE DOCUMENTS TO ACQUIRE ASSETS OF URBAN HEALTH & WELLNESS, INC.
Canada NewsWire
DENVER, March 16, 2022
OTCQX: SHWZ
Continues to Go Deep, Adding to Retail and Product Footprint in Colorado
DENVER, March 16, 2022 /CNW/ - Schwazze, (OTCQX: SHWZ) ("Schwazze" or the "Company"), announced that it has signed definitive documents to acquire all the assets of Urban Health & Wellness, Inc. ("Urban"). The proposed transaction includes the adult use Urban Dispensary, located at West 38th Avenue and Clay Street, in Denver's vibrant Highlands neighborhood as well as a 7,200 square foot indoor cultivation facility (2,700 square feet of canopy) located in Denver, Colorado. This purchase continues Schwazze's aggressive expansion in Colorado and upon close will bring the Company's total number of Colorado dispensaries to 23 and grow facilities to four.
SCHWAZZE.COM (CNW Group/Schwazze)
The consideration for the proposed acquisition is US$3.2 million and will be paid as $1.3M cash and $1.9M stock at closing. The acquisition is expected to close in the second quarter of 2022 after the Colorado Marijuana Enforcement Division and local licensing approval.
"We look forward to the addition of the Urban group, including the strategically located Urban Dispensary and its Denver grow facility to our expanding pipeline of assets in Colorado. Delivering our brands and our excellent customer service into new neighborhoods is a Schwazze hallmark as we continue to go deep in the state. We also look forward to welcoming the Urban team to our growing Schwazze family," said Nirup Krishnamurthy, Schwazze's COO.
Since April 2020, Schwazze has acquired or announced the planned acquisition of 33 cannabis dispensaries as well as seven cultivation facilities and two manufacturing assets in Colorado and New Mexico. In May 2021, Schwazze announced its BioSciences division and in August 2021 it commenced home delivery services in Colorado.
About Schwazze
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. Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. The Company is committed to unlocking the full potential of the cannabis plant to improve the human condition. Schwazze is anchored by a high- performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. The Company's leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector. Schwazze is passionate about making a difference in our communities, promoting diversity and inclusion, and doing our part to incorporate climate-conscious best practices. Medicine Man Technologies, Inc. was Schwazze's former operating trade name. The corporate entity continues to be named Medicine Man Technologies, Inc. Schwazze derives its name from the pruning technique of a cannabis plant to enhance plant structure and promote healthy growth.
Forward-Looking Statements
This press release contains "forward-looking statements." Such statements may be preceded by the words "plan," "will," "may," "continue," "predicts," or similar words. Forward-looking statements are not guarantees of future events or performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control and cannot be predicted or quantified. Consequently, actual events and results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; (v) difficulties in securing regulatory approval to market our products and product candidates; (vi) our ability to successfully execute our growth strategy in Colorado and outside the state, (vii) our ability to consummate the acquisition described in this press release or to identify and consummate future acquisitions that meet our criteria, (viii) our ability to successfully integrate acquired businesses, including the acquisition described in this press release, and realize synergies therefrom, (ix) the ongoing COVID-19 pandemic, * the timing and extent of governmental stimulus programs, and (xi) the uncertainty in the application of federal, state and local laws to our business, and any changes in such laws. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise except as required by law.
Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/schwazze-signs-definitive-documents-to-acquire-assets-of-urban-health--wellness-inc-301503778.html
SOURCE Schwazze
I am showing earnings are due on 3/30/22
Wow, you're so excited about the 31st, you posted it twice. I hope you're right!
I don't think we will see any acquisitions before the next upcoming earnings report. I think Dye will want to show a clean balance sheet with all the deals completed so analysts will conclude SHWZ is one of the best operated and profitable cannabis players in the USA.
I wouldn't be very surprised if we didn't see one or two acquisitions in April sometime. Dye has all the cards currently, a growing profitable company, cash in the bank and the cannabis sector under immense financial pressure which gives him the upper hand in striking accretive deals. Once the New Mexico market goes recreational in April, SHWZ will even have a more robust revenue stream to grow through acquisitions in NM, CO and maybe expand into another state which is my prediction.
If you want to own some cheaper shares, it would be wise to place some GTC bids lower just in case some idiot throws one of those sell at the market orders out there. By the recent action, it appears that this $1.60-$1.70 range appears to be a bottom floor.
Sometimes this stock is so frustrating. Finally have a good day yesterday and positive momentum and then today, wham, slam it down! Sometimes I don't know why people buy it if they can't hold on to it to see what can materialize.
Hopefully earnings will blow it out of the water and finally get this stock to reach its potential.
Just throwing this out there.... when our government agencies won't even hire you for a job when they have found out that you invested in stocks of cannabis companies, doesn't bode well for any kind of federal legalization soon. A great majority of these politicians are full of it, especially this current administration. Remember we were supposed to have cannabis legalized in the first two months of this current administration according to their words while running for election.
Buxmaker...are you a consumer of Southeast Edibles? I have been for quite some time and Rodgranite was taking them also.
Rodgranite...are you still taking the chocolates? I have been using the CBD and the support chocolates also. Just great stuff.
Rodgranite, do you realize that our chat board following has increased by 50%? I thought we were the only 2 following this company but it is nice to have Buxmaker become a regular. The more the merrier!
I understand your frustration with being informed of progress, but this is a very small company that has only two lines of business currently and a very small staff (maybe 6-8 people total) with probably half of the people being the Southeast Edibles division.
The company is definitely active with Instagram product postings and email promotions to customers of Southeast Edibles.
I like that they are very cost conscience at this point and if the Southeast Edibles division is profitable or growing substantially, I believe the stock price will get better traction.
I have been bullish on this company for a long time. It just doesn't have any following so it can be frustrating. The big run up a few months ago was due to the Amazon and Costco news. I believe they are executing better than expected and if the earnings are a surprise, then we could see a really substantial move due to the low float.
Like I said, the market is traded by morons. It looks like someone put in an order to sell approximately 25,000 at the market before the opening. You can't put market orders in any OTCBB stock ever or you will get screwed. But it was a blessing for the low buyers. Congrats to them.
Get your low bids in before the opening, someone wants it down. Looks like opening in the $1.40's range. Someone has a bunch for sale.
The market is traded by morons.
To all my fellow SHWZ shareholders:
It has been a difficult past few weeks. The positive is SHWZ finishing up completing all the past deals and earnings moving forward should be great. The difficult part has been the struggle of an appreciating stock price even though we have rallied a bit. I stated recently that the $MSOS needed to break $25 and hold it for the cannabis sector to start a new uptrend. We broke it intraday a few times but did not hold and now retreating again.
By the price action the past week or so, the company is definitely gaining on trader's radars which is a good sign. The volume is picking up and more block trades are taking place which is a sign of some bigger players getting involved.
With the rise of inflation taking place, I believe the cannabis sector (and SHWZ in particular) will see even better earnings going ahead because people are going to put trips on hold and stay home to do recreation things (just like in the height of the pandemic). What could be better than enjoying cannabis products in the beautiful scenery of CO and upcoming in NM.
I can see some frustration in some of the comments and it has been frustrating deal holding one of the best cannabis companies in the world and we can't get price appreciation. Now with the world tensions taking place, know that your holdings in SHWZ should hold up well due to the company being profitable and being one of the best. The cream will always run to the top in due time and know you can sleep well at night.
Wishing everyone good trading ahead in all of their portfolios. This is a great board with exceptional posters, and we need to stay together through these tough times.
I respectively disagree. With the Starbuds stores already in place in OK, the footprint and the great brand name is already there. They would have to go under Dye's smell test to be acquired. Then Starbuds would be the premier name in OK with the best quality and prices and would probably start the demise of all the mom's and pop's stores. I would rather buy my product from a establish brand name than by unknowns.
Dye wants to be a regional powerhouse and OK fits into their region bordering CO and NM. Then SHWZ would border all of the northern and western edge of Texas which could be huge in the future. Also, if legalization does come along, Dye could consolidate and streamline the growth facilities when product would be allowed to cross state lines and even bring more cost savings measures.
I do believe Dye wants to expand into at least 2 states and I think AZ is where he is looking next outside of OK. AZ has been a major money maker and I believe Dye can find some already established retail situation and get them to come on board. He would have to pay more of a premium due to the better margins and less licenses in AZ than an OK. If Dye was able to pull off both these states, then SHWZ will be the biggest player in the Southwest USA and possibly get an immense premium in any takeover bid.
Just my take on the situation.
Despite the market's weakness, the cannabis sector is positioning to make a breakout to the upside. We are up against the resistance level last week that we were trying to break through.
We could see a big percentage move in SHWZ especially if the overall market reverses its downtrend today. If the overall market turns upward, I wouldn't be surprised to see SHWZ up to the $1.80's today.
Still a lot of issues out there but the cannabis sector might be the best sector to invest in for 2022 and SHWZ would be one of the best cannabis stocks to own in 2022.
We should get yearly earnings early in March. We could see some surprising numbers in revenues. If we see a breakeven that would be a homerun at this point.
It is stupidity. I have 30 years' experience in working in the market and we now have too many amateurs in the game trading from home. I am retired and trade to make a few bucks (hopefully mucho bucks!).
When you see a big bid or offer and you have an interest on the other side, you whack it. What difference does it make on $.01 on 20,000 shares? It is so petty, and you miss your opportunity. When they miss it, then they go into panic mode. The way we were trading this morning, if they weren't petty over a penny here or there, the price of SHWZ would probably be around $1.75 currently despite the nervousness of the market. The cannabis sector is doing really well today despite the rest of the market.
Despite some shareholders views on this board, there is NO SUCH THING as a fake bid or offer. If it is on the screen and you are fast enough to whack it, they have to honor it. Traders do throw up some big numbers to try to scare traders, but if someone on the other side of trade is fast enough, they crap their pants to get hit. That is why I like seeing big numbers because the big boys are looking for size to make trades. Big traders are not interested in doing a couple of thousand share lots. It is too much of a nuisance. A 5,000-share lot is good for someone looking to flip but the big guys want 5 or 6 figure lots to do something. Obviously, this stock doesn't see that kind of size because of the pretty low size float so 20,000 share lots are desirable. Some idiot missed their chance and then panicked.
That is my experience and opinion on the matter.
Just shows how many morons trade the market, the seller of 20,000 could have sold at $1.80 but holds out for $.01 (penny) and now has to tank it down to the low $1.60's.
Remember just about two weeks ago, we had market sellers whacking bids in the $1.25-$1.30 area without regards to price and now the cannabis sector is turning upward. For all of you on this board that grabbed some shares at those discount prices, congrats to you!
I think next week is going to be a great week in the cannabis stocks and we will finally see a growing sustained uptrend especially for the profitable cannabis stocks.