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That is what happens when you have payment for order flow, it will bounce around among different firms
Someone wanted out and hit the bid. Glad to see some volume again.
And the buyer just came back with 100,000 at $.1610
Now we have some interest
Bid for 100,000 shares at $.1960
Seller for 65,000 shares at $.25
Haven't seen these kinds of numbers in a long time.
SHWZ will not need to add an "f" to the symbol. The only problem would be if another Canadian company already had that stock symbol which there is not a company currently.
I am a big believer in the company for sure. We are the only sounding boards for each other since this company is so hardly followed by anyone except ourselves. Just nice to have someone to bounce ideas with until it can get traction.
I am sure we will see some announcements with any positive feedback from the Costco and Amazon news. It was amazing to get 2 press releases within a week because all we usually see are the quarterly financial reports.
So frustrating, we get a million-share trading day and a new 52 week high, and it can't get any follow through. When this company finally gets some really positive results, it will be a juggernaut. While the Costco and Amazon news is a positive sign, we need to see results of sales to make it really newsworthy.
If cannabis gets legalized, it could help this company a lot and might even become a takeover candidate.
Because you get day traders/flippers who will look to bail as soon as the momentum is gone. Just disappointing that the buyers disappeared with the drop. If the company gets any sales pickup with Costco and Amazon then this company can go off the charts to the upside. Patience again will be the virtue here.
SHWZ still won't officially be an MSO until that New Mexico deal gets an official approval so I don't believe we will see much of a rally until that gets done.
As I stated the other day, I think the eight Starbuds in Oklahoma being the next acquisition target for SHWZ. The obstacle is finding a good grow facility first so that they can keep the margins in house in that state.
I believe that was the key for the New Mexico deal by acquiring a grow facility so if Dye can find that in Oklahoma, I think we could see that done soon.
It is just a matter of time before we finally see some price appreciation in SHWZ. This is an incredible holding for all of us and the frustration has been overwhelming. I can't wait for the day we celebrate in Denver at our big party.
If the price can get above $.50, then I think we can see some real momentum. I believe most of the resistance was taken out on the run up last week. Most sellers here are most likely flippers who bought on the Costco news and was hoping for a bigger immediate run to sell out.
As we both know, this is a stock that takes some patience but can pay off big with the low stock float.
It was great to see over a million shares traded on Wednesday bringing some attention to the company.
Dye is a master of building dominant companies. This was a brilliant deal and a very strategic one. I believe he caught us all off guard by doing this now, but I must feel that he believes some kind of SAFE banking act or more so, legalization is coming sooner than later.
My prediction is the next deals are to get the 8 Oklahoma Starbuds locations into the fold. It would make Starbuds a giant regional player and would basically cover the entire north and western border of Texas.
That would be 3 adjoining states and would make consolidation of manufacturing/production even more efficient in the event of crossing state lines with legalization. If legalization were to happen, that would put Dye in the best position of any company to take over the Texas market and that would be incredible.
This deal definitely brings some excitement to all of us while we have been watching the entire cannabis sector getting crushed. SHWZ has been holding up well considering all the turmoil in the sector. I believe the only sellers are taking some tax losses because the cannabis sector is one of the few sectors in the negative for the calendar year. We will see an incredible rebound in SHWZ once the government gets around to passing something.
Well, not at this moment. Dye has been changing his stance on denying staying as a SSO in the past few conference calls, so he was hinting in a way that something could be coming. Loved that it is an adjoining state he made the deal with so it keeps everything close so he can monitor the situation easily compared to something across the country.
I don't believe Dye is done yet and my guess is that Oklahoma will be the next state for MSO expansion since it is adjacent to Colorado/New Mexico and there are Starbuds stores already in Oklahoma that Dye could make a deal and get on board.
BIG NEWS, Schwazze going MSO in New Mexico
Schwazze Announces Transformational Capital Raise, Entry Into New Mexico & Provides Business Update
CANADA NEWSWIRE 8:26 AM ET 12/3/2021
Transformational $95 Million Private Financing for M&A Initiatives & Further Expansion Plans
Signs Definitive Agreement to Acquire & Manage New Mexico Assets: Reynold Greenleaf & Associates, R. Greenleaf Organics, Medzen Services, Elemental Kitchen & Laboratories
Schwazze Transitions to a Regional Operator with New Mexico Acquisitions
OTCQX: SHWZ
DENVER, Dec. 3, 2021 /CNW/ - Schwazze, ("Schwazze" or the "Company"), one of the largest vertically integrated cannabis operators in Colorado, has entered into a securities purchase agreement with institutional investors and individuals under which the Company will issue and sell, subject to customary closing conditions, $95 million of principal amount and $93 million of funding amount (reflecting a 2% original issue discount) of convertible notes. The Company anticipates using the proceeds from the note to fund the cash consideration of recently announced acquisitions and other growth and expansion initiatives.
The notes will accrue 13% interest per year (9% payable in cash and 4% accreting to the principal amount), have a 5-year term and will be secured by a first lien on the unencumbered assets and a second lien on the encumbered assets of the Company and its subsidiaries. The note will be convertible into shares of the Company's common stock at any time at a conversion price to be set upon issuance equal to 117.5% of the lower of the volume weighted average of the closing prices of the Company's common stock during (i) five trading days before the date on which the Company entered into a binding commitment to issue the notes, (ii) 30 trading days before the date of issuance of the notes and (iii) five trading days before the date of issuance of the notes. The Company will have a right to redeem the notes at any time, subject to a prepayment penalty. The Company expects to issue and sell the notes within a week.
The foregoing is not a complete description of all the terms of the notes and the financing and additional information will be made available in an 8-K filing with the Securities and Exchange Commission.
New Mexico
Schwazze is also pleased to announce that it has signed definitive documents to acquire substantially all the operating assets of Reynold Greenleaf & Associates, LLC, and the equity of Elemental Kitchen & Laboratories, LLC. As part of the transaction, the Company will also have a right to purchase or acquire cannabis licenses held by Medzen Services, Inc., ("Medzen") and R. Greenleaf Organics, Inc. ("RGO"), not-for-profit organizations that hold medical cannabis licenses in New Mexico (the assets and licenses described herein are referenced collectively as "Greenleaf'). Total consideration for the acquisition will be $42 million (subject to potential working capital adjustments) with a potential performance based earnout. The consideration will consist of $25 million in cash payable at closing and $17 million in a 3-year seller note at 5% interest.
Greenleaf is a licensed medical cannabis provider with ten dispensaries, four cultivation facilities – three operating and one in development - and one manufacturing location. The dispensaries are located in Albuquerque, Santa Fe, Roswell, Las Cruces, Grants and Las Vegas, New Mexico. Greenleaf's approximately 70,000 square feet of cultivation as well as 6,000 square feet of manufacturing space are located in Albuquerque. The State of New Mexico currently allows medical cannabis and has approved adult use recreational cannabis sales which by law begin no later than April 2022.
The acquisition is targeted to close within the next quarter, subject to closing conditions and covenants customary for this type of transaction, including, obtaining applicable New Mexico Regulation and Licensing Department (RLD) approvals. With this acquisition, Schwazze will become a multi-state operator ("MSO") with a total of 32 announced and acquired dispensaries, seven cultivation facilities and two manufacturing operations located in either Colorado or New Mexico.
"We appreciate the strong support from our group of institutional investors that believe in our differentiated strategy and in our ability to execute. We believe this capital will support Schwazze in meeting its growth target to double pro-forma revenue by the end of Q1 2022. The Company will continue to aggressively pursue expansion and operating plans in Colorado going forward exemplified by the recently announced acquisitions of Emerald Fields and Smoking Gun dispensaries. Our planned expansion into New Mexico is a logical step in building a strong foundation in a region that will leverage synergies from our operating playbook and talent. Entering New Mexico will elevate Schwazze into the MSO category but with a differentiated regional focus. We believe our playbook will have similar success in New Mexico, which is poised for rapid expansion in 2022 and 2023 as the market opens for adult use consumption. We welcome the Greenleaf team members to Schwazze and are excited about our future together," stated Justin Dye, CEO & Chairman.
Corporate Update
Since April 2020, Schwazze has announced and/or acquired a total of 32 cannabis dispensaries, including the ten Greenleaf New Mexico dispensaries. The Company has also announced and/or acquired in 2021 a total of seven cultivation facilities, three in Colorado - SCG Holding LLC, Brow 2 LLC and Star Buds - and four licensed by Medzen and RGO in New Mexico. The Greenleaf acquisition will add a New Mexico manufacturing asset, Elemental Kitchen & Laboratories, LLC, to the Company's manufacturing plant, Purplebee's in Colorado. See Figure #1, outlining Schwazze's existing or pending dispensary assets.
In May 2021, Schwazze announced its BioSciences division and in August 2021 it commenced home delivery services in Colorado.
Advisors
Perella Weinberg Partners LP is serving as financial advisor to Schwazze and The Benchmark Company, LLC is acting as sole placement agent for the offering. Schwazze was represented by Brownstein Hyatt Farber Schreck, LLP on legal matters in connection with the offer and sale of the notes and was represented by Dentons on legal matters relating to the New Mexico transaction.
I think things have changed. We had a wall of sellers in the $.20-$.30 range that wouldn't let it up but with the volume yesterday I believe it cleared it out. In my opinion now we just have some flippers and if we can get another push up, we would probably see a new range around the $.50 level for a new base area.
There are only about 40 shareholders in this stock before yesterday, so it appears most shareholders have a longer-term vision and see the potential here.
Nice to see the action. Had 20% of the float trading hands today and if it can get some follow through and people realize the very small float, who knows how high this can go.
It will be interesting to see how it plays out for the rest of the week.
If sales really pick up because of Costco and Amazon, then we could really rocket.
We are now in Costco!
https://stocktwits.com/Bearze34/message/411955561
First Amazon, now Costco. This is a going to be a rocket ship taking off one day. A hidden gem waiting to get discovered.
True, but nice to see another venue to sell what they can. Their chocolate is great tasting alone but I take their CBD chocolates and they are excellent. Just wanted to make aware to TAUG investors and the relationship between the two companies and give TAUG shareholders awareness of possibly making money in the FIFG stock.
I don't like to pump on other stock boards but there is a synergy between the two companies. FIFG is a microcap stock that appears to finally getting their act together and heading in the right direction. It doesn't have much of a following but I love the small share float of only 22 million shares so with some good news it could rocket.
Wanted to alert TAUG investors that FIFG manufactures the TAUG chocolates. Could be an excellent alternative investment opportunity especially if TAUG sales continue to climb. FIFG only has a share float of 22 million shares. Glad to see TAUG sales continue to climb which bodes well for FIFG.
First Foods Group Inc. Announces Launch of Amazon Storefront as Part of E-Commerce Initiative
Press Release | 11/26/2021
November 26, 2021 First Foods Group, Inc. (OTCQB: FIFG) today announced the launch of its Amazon storefront, as part of the Companys global e-commerce initiative.
Harold Kestenbaum, CEO of First Foods, stated, we are pleased to take this next step by opening an Amazon storefront as we continue to build upon momentum through our traditional brick and mortar partners. With the launch of our Amazon storefront https://www.amazon.com/s?k=southeast+chocolates&i=grocery&crid=Q5SV6RF1U3HV&sprefix=southeast+ch%2Cgrocery%2C143&ref=nb_sb_ss_ts-doa-p_1_12 we look forward to establishing a presence throughout all of the U.S. which we believe will further enhance our sales and marketing channels for First Foods Group products.
About First Foods Group, Inc.
First Foods Group, Inc. is a US holding company specializing in the sale of a variety of Cannabidiol (CBD) based products through its subsidiary, Southeast Edibles, based in the USA. Its state-of-the-art facility is based in Fort Lauderdale, FL. Products include infused premium specialty chocolate edibles all made in the USA. First Foods seeks synergistic value through creating its own new concepts, both through proprietary development, mergers, acquisitions and licensing arrangements in the CBD and health and wellness space. Management is committed to an integrated approach using the highest quality hemp solutions and highest purity standards in the industry. First Foods Group, Inc. also provides management services and funding options for emerging supplement brands and menu concepts.
www.firstfoodsgroup.com.
To learn more about our Southeast Edibles product line, please visit: https://southeastedibles.com/
We got news...looking better every day!
First Foods Group Inc. Announces Launch of Amazon Storefront as Part of E-Commerce Initiative
Press Release | 11/26/2021
November 26, 2021 First Foods Group, Inc. (OTCQB: FIFG) today announced the launch of its Amazon storefront, as part of the Companys global e-commerce initiative.
Harold Kestenbaum, CEO of First Foods, stated, We are pleased to take this next step by opening an Amazon storefront as we continue to build upon momentum through our traditional brick and mortar partners. With the launch of our Amazon storefront https://www.amazon.com/s?k=southeast+chocolates&i=grocery&crid=Q5SV6RF1U3HV&sprefix=southeast+ch%2Cgrocery%2C143&ref=nb_sb_ss_ts-doa-p_1_12 we look forward to establishing a presence throughout all of the U.S. which we believe will further enhance our sales and marketing channels for First Foods Group products.
AboutFirst Foods Group, Inc.
First Foods Group, Inc. is a US holding company specializing in the sale of a variety of Cannabidiol (CBD) based products through its subsidiary, Southeast Edibles, based in the USA. Its state-of-the-art facility is based in Fort Lauderdale, FL. Products include infused premium specialty chocolate edibles all made in the USA. First Foods seeks synergistic value through creating its own new concepts, both through proprietary development, mergers, acquisitions and licensing arrangements in the CBD and health and wellness space. Management is committed to an integrated approach using the highest quality hemp solutions and highest purity standards in the industry. First Foods Group, Inc. also provides management services and funding options for emerging supplement brands and menu concepts.
www.firstfoodsgroup.com.
To learn more about our Southeast Edibles product line, please visit:https://southeastedibles.com/
No one is buying because the cannabis sector still stinks. We are going to get a disconnect between the profitable and non-profitable companies but currently every time the sector rallies it is because of all the rumors for legalization or the SAFE banking act is up for a vote. And as usual, nothing happens and then investors sell their stake because they don't want to wait it out. Investors are just tired of falling for the rumor and would rather wait until we get some kind of passage. Granted many investors will miss out on these cheap prices but this stock is going to make a big run so better to be a little late than tie up your cash in the meantime.
Fundamentals always matter over time but even with the great deals Dye has been putting together, no one wants to be at the head of the line and own the stock early except for us on this chat board. I have seen some comments here on this chat board that it appears Dye overpaid for these last deals because we have no idea what the spreadsheet is for these companies so why criticize them? Dye doesn't overpay for any deal so I am more than confident that these deals will be great additions to the SHWZ umbrella.
This is a guaranteed money maker for us. If Dye hypothetically stated he was going to put the company up for sale, the company would definitely get a $10.00 a share minimum bid or higher.
Back in the old days, you bought a stock and held it for a few years before you saw a big move but now we live in an age where we want instant gratification especially on these chat boards.
Patience, we will be rewarded in due time. Dye is one of the best retail management individuals in the business and country and he knows how to get to the finish line.
Tauriga Sciences announced production run for chocolates today. I think this is Southeast Edibles (FIFG) making the product. Could be good for the next earnings report.
https://www.otcmarkets.com/stock/TAUG/news/Tauriga-Sciences-Inc-Completes-Production-Run-for-18000-Dark-Chocolate-25mg-CBD-Infused-Medallions?id=331474
Yes, chocolate sales are getting better. I like that they are promoting more on Twitter and Instagram, hoping that will bring more interest.
Now it is just a waiting game but if any good surprises happen, this can rocket due to the low float.
Patience is a hard game but necessary.
To all my SHWZ fellow shareholders, the one thing to remember concerning earnings is: "PROFITABILITY". No matter what happens, SHWZ should be profitable this quarter.
I haven't been posting much lately but when I have posted I have been stressing how the profitable companies will really appreciate going forward while all the money losers will start to fall by the wayside. The cannabis market is saturated with so many money losing companies and the future is either consolidation (big boys buying for pennies on the dollar) or bankruptcy for those companies.
So many companies without cannabis experience jumped into the cannabis market when they saw potential legalization ahead, now it is the crypto markets the current leg and the future is the Meta industry. So many penny stocks jump from one to the other looking for that windfall but usually go bust. That is what happened in cannabis and many will start to fall. HEXO is about to go bankrupt or get bought out and SNDL despite the better earnings on Friday has way too much debt and share float to be anything for just some examples.
SHWZ will be fine and has probably the best management team in the industry. Patience will be rewarded over time.
Well 100,000+ shares offered at $.17, so now just need someone to grab them and get us going.
I am going to say that this morning's cannabis sector selloff is the bottom for the sector. We have had a long steady decline (not a capitulation scenario) in the sector and in my opinion the cannabis stocks are fairly priced.
Now going forward, I believe there is going to be a separation of the have's (profitable) and have not's (money losing) cannabis companies. I believe we could see some bankruptcies (like HEXO a strong possibility) and consolidation is going to be a major theme going forward in cannabis.
The profitable companies will see an appreciation in share price while the money losers will substantially lag behind. If the SAFE banking act or Federal legalization does finally come to fruition, the sector will rally all the stocks but not like the ones which are profitable.
The cannabis industry will finally have the cream of the crop companies (SHWZ will definitely be one) see a big appreciation in stock prices starting after the upcoming earnings reports and going into 2022.
Just my opinion that this might be the last chance to grab SHWZ this cheaply. Just wanted to put my thoughts out there to be transparent and trying to educate from my ideas. As always, do your own due diligence and follow your own convictions. I believe better days are going to come soon and we could see a 52 week high for SHWZ in these coming weeks.
GLTA!
Could last night's elections be a windfall for the cannabis sector?
Just wanted to throw this thought out there that the results of last night's election shows how out of touch the current administration is with the public. The people have spoken and are showing they want to be heard. Almost every state says its citizens are in favor of legalizing cannabis and yet the congressional members hold the carrot of some kind of SAFE bank or legalization passage over our heads to get our vote but yet do nothing.
Current members of Congress have to be looking and realizing that they need to get some kind of passage of cannabis through or they could be looking for a new job when their re-election comes up. Newly elected members will have to review what got them there and consider maybe it is time to get this done.
The people don't care about what the politicians tell us to care about but care about what affects them and their health and their pocketbook. The public wants cannabis to be socially accepted and the revenues from taxes of cannabis can sure help the bottom financial line of the country.
Not my kind of strategy but something that is done quite common at this time of year. In your example, sometimes the tax loss will offset buying back $.75 higher.
We both love this company like many others here on this chat board and I haven't sold a share for a few years. I am steadfast in my prediction of a 2022 close above $20.00 a share and with any SAFE act or federal legalization we could see as much as $50.00 per share.
This obviously has been a long term holdings for me and I believe the payout will come in time. Meanwhile I will look forward to the party we should have in Denver when it happens.
The cannabis sector stinks currently and I have been predicting one last downside push before a reversal. This is the time of year to take your tax loss for the calendar year and then can repurchased them after the 30 day waiting period. Since practically ever sector is at all time highs except the cannabis sector, it is one of the very few you can take losses on to offset your profits.
Since our government officials promise everything and rarely deliver, any passage of the SAFE act or legalization most likely won't happen before the end of this year so it makes sense to liquidate cannabis holdings and then buy them back after 30 days.
One more thing, I believe the profitable cannabis companies are in for a big run in the near future, especially in the beginning of 2022. The cannabis industry is growing like gangbusters but you have to be selective in your holdings. SHWZ meets all the criteria to be one of the best in the business. Since the cannabis sector stocks are at long time lows, it will be where the smart money will go to once we get some kind of correction in other sectors of the market.
I am frustrated as anyone here but know that the cream will always rise to the top and SHWZ will do that sometime in our future.
Meanwhile as always, wishing everyone here the best and maybe we will get that Christmas present of a 52 week high close going into 2022.
Yes the retail stores opportunities are growing but I would really like to see how they are doing online. I think the product tastes great and can't see how any competitor has a better tasting product.
I would like to see some additional online promoting without breaking the bank or possibly get another company have Southeast make a line of chocolates and put their brand name on them like Tauriga has done.
The stock is so thinly traded so it doesn't get much attention unless they come through with some surprising profitable earnings and then we could have a runner.
I grabbed that $.15 stock on the way back up from $.11, it was just too tempting to not take it.
If the company can show improving sales or profitability, I wouldn't be surprised to see someone make a takeover bid for FIFG.
Sorry but the seller isn't back. We have had 3 days of the lowest volume in the stock for awhile. AW is done selling. He can't risk to have the deal canceled by not being out of his SHWZ holdings. Columbia Care overpaid for his company when their stock was $5.15 a share and the deal was announced, now their stock is $3.15 a share. Do you think he is going to jeopardize them walking away because he doesn't have his ducks in a row. Remember it takes awhile for these cannabis deals to get approval due to the laws and since they stated they expected it to be completed in the 4th quarter he would have to be out of SHWZ stock now.
Concerning JH, he could be selling a little bit because I still believe he has a decent holdings of SHWZ shares but he doesn't have an SEC issues because his company is a private entity.
The seller(s) are most likely just a trader flipping out of their position. The stock was just at the $1.70 level a couple of weeks ago and if you noticed, the sell lots are usually either 10,000 or 5,000 or 2,500 share lots which are common for day traders/flippers to have.
I believe this upcoming week will be the end of the decline in the cannabis sector because earnings will be coming out soon. The money making cannabis companies (like SHWZ) should see a nice bounce when they announce earnings and begin to appreciate on a slow steady pace. The money losing cannabis companies are going to stay stuck in the mud for some time in my opinion.
Can't wait to see the next earnings report and finally have some excitement again on this board.
Coming is the final washout for the cannabis sector. HEXO reported earnings and it is in deep trouble. True example of acquiring other companies at absurd valuations and causing financial ruin. Looks like they will most likely default and head to oblivion or get bought out for very cheaply.
Dye continues his brilliance at purchasing companies with excellent valuations moving forward. SHWZ is holding up excellently during this downtrend and should see a rewarding share price through the rest of 2021.
Just my thought on the matter that we won't hear on another acquisition until after the November earnings report so the stock price can appreciate to make another acquisition less dilutive. I believe Dye has some acquisition deals agreed upon but is waiting for it to be more accretive to earnings and getting the Drift and Bow deals approved first.
Doc, I know you are bored and looking for some enlightening conversation and banter, but I haven't been posting much for awhile because there is nothing to add currently to the SHWZ story. The few postings I have made these past weeks were about the cannabis sector continuing its downtrend and it has done that and my prediction for a bottom would be around this current level. I am in strong belief with my comments that the profitable cannabis stocks like SHWZ and other profitable cannabis companies are ready for a nice rebound while the money losing ones will not follow in the same fashion. Sure some of the money losers will rally a bit but not the percentages of the money making ones.
Just because your screen shows cannabis stocks in the green doesn't mean we are in a uptrend other than a little bounce. I do believe we are near an inflection point for the cannabis sector where the cream will finally rise to the top and the laggards will not perform as well.
My thoughts on SHWZ have been holding true that it is performing well compared to the sector and not dropping. The previous selloff which we just rebounded from in my opinion was due to the ex-CEO (AW) having to liquidate his holdings so his deal with Columbia Care could be ready to be finalized. Meanwhile how would you feel to be in CCHWF now? AW is like the kiss of death....haha. Dye has done an incredible job and obviously passing on all those previous AW deals was a great decision.
I am very happy holding SHWZ and have great belief that this will be my most profitable trade ever. It has been a bit of a disappointment that we are not seeing a stock price that shows a true evaluation but it will happen. I still believe we will see a stock price anywhere between $20.00-$50.00 sometime at the end of 2022. I can wait it out and will watch Dye continue to work his magic and hope to see either SAFE banking (which I believe can happen) or Federal legalization (???) takes place which will get us to the price target in a much quicker fashion.
We both want the same thing here and I can't wait to get there. Then we can celebrate in Denver together with the other chat board members. In the meantime, I will post my views here to provide any enlightening news or technical ideas so everyone here can make some more money. Obviously my postings like yours are just opinions. In the meantime, lets stay teammates and keeping people informed on what is happening here at SHWZ.
Can't wait to do that toast with you someday!
Here comes the flush out of weak shareholders in the cannabis sector, the sector is down 2.5% this morning with what I predict will be the final phrase of weak holders selling before a reversal.
I have been calling this fall for a few weeks and it finally appears to be taking hold. I would rather not to see the sector falling but it could be your last chance to grab some cheap stock in cannabis (especially SHWZ).
Just my opinion but glad to see my instincts becoming realized. I want to see all my fellow shareholders here make some big cash so wishing all great fortune going forward in the near future.
I believe SHWZ will close the year with new 52 week highs. Good luck to all.
Cannabis sector getting hit again today to the downside and SHWZ is holding up well again despite negative sector pressure...Good times will be coming soon.
If Dye passes on a previous acquisition, I doubt he would go back to them again. If that company couldn't see the value in becoming part of SHWZ, then they don't have the knowledge of what SHWZ is building and not smart enough to join them for the eventual ride of a lifetime.
In Plain Sight...I couldn't have said it better myself. Well stated and the reason to own SHWZ over all the others.
Cannabis sector getting whacked again today but SHWZ is holding up well. Getting close to a flush out of weak hands in the sector in my opinion and should see a reversal especially for profitable cannabis companies which SHWZ should take part. Good times ahead.
Your disagreement with me is perception. I expect a buyout somewhere down the road since he is the majority shareholder. When Dye was running Albertson’s he was running the company but the company wasn’t public and he had other board members he had to answer to. Now he is in charge and controls the majority of SHWZ so no one can dictate to him what to do. Here is my opinion on the matter is that when Dye was running Albertson’s, the board wanted to take the company public and Dye didn’t want to be pushed around from other board members and shareholders. From what I was able to research is that Albertson’s wanted him to stay very badly but he declined. I have no documentation that my theory is completely factually but it kind of makes some sense.
So Dye leaves Albertson’s and they go public after his departure. Meanwhile Dye gets involved in SHWZ and takes control and majority of the company. He is now the big gun and can control his destiny. Remember upon Dye leaving Albertson’s he created a venture capital company (Dye Capital) so he was looking for something to invest in. Venture capital companies are not started so you buy a company to run it but are to put your capital to get great returns. Dye’s background in retail plays on two fronts, using his excellent knowledge of retail and getting into one of the biggest and fastest growth business sectors going. It is a win-win situation for a man of his talents.
So while we would like to know what Dye’s exit strategy is would be giving away his hand to get the maximum return on his investment and our investment. I stress that everything is for sale when the price is right. Dye will stay on his talking points to be consistent so he can keep his growth strategy close to the vest so he can make acquisitions that are accretive to earnings.
I will say that I am close to a long time retired food sector CEO who built a company giant and he is incredibly impressed with what Dye is doing at SHWZ and he believes the company will be a revenue profitable giant in the cannabis field.
People need to stop asking Dye about his exit strategy. He isn't going to say what it is under any circumstances and why would he? If he gave a price for an exit, some company could come along and propose it promptly and he would be under pressure to accept it.
But by keeping it in house, he could create a bidding war when and if he wanted to sell especially when the revenues and stock price begins to appreciate. SHWZ is undervalued and no one will have to pay a substantial premium for the company because there will be no need to at its current stock price.
Meanwhile Dye is building a money making juggernaut and the stock price will eventually appreciate accordingly. I have been stating a few times recently that the cannabis sector is crap currently (and it is still dropping on a daily basis) but we are near a bottom (maybe another 2%-3% left downside) and then we are going to get a big correction for the profitable cannabis stocks only.
The inflation thesis in the market is going to grab hold in my opinion and that is when undervalued profitable companies with great margins will finally get the attention that they deserve and will begin to see the stock price appreciation that they should under what has been historically used to value companies. I don't believe we are near a market major correction by any means just yet, but the really high flyers will begin a stagnant sideway trading action especially if the FED starts tapering and investment dollars will look for better value going forward.
Just my thoughts....and reminding all the great shareholders here that patience is all that is needed.
Stevenrisk, we don't need a dangling carrot to keep us here, we know what we have and all you need is patience. With all these different cannabis laws, it just takes time to get deals approved. Dye has stated he wants to stay in one state (Colorado) currently but he has floated the carrot of possibly going to a MSO (when the federal laws change). The best part about being a long timer here is that our thesis and analysis of SHWZ is thorough and it will be rewarded in due time. The stock market is trading in an unhistorical way currently but rational always comes back to growing revenues and earnings. If you are not profitable, the market will come back to bite the companies that are losing money. So for me personally, I sleep well at night knowing that SHWZ is undervalued and will find its way to a proper evaluation rather than owning a company losing its shirt and possibly going bankrupt overnight.
One more thing, everything in life is for sale and despite what Dye says, if the right takeover offer came for SHWZ he would sell to the buyer. Since SHWZ is so undervalued, it would have to be for at least $20.00-$25.00 a share to even consider the offer if one were to ever happen. That would be a lot of moola to pass up and not accept. If that was to happen, Dye would never have to work a day again in his life with the amount of shares he controls in SHWZ.
Just my thoughts on the issue....