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Was that you selling the 270 shares yesterday?….LOL
That was me rounding up…LOL….NOT!
At least we had a 500 share trade yesterday. This company is so far off the radar. If they can turn a profitable quarter, it will be off to the races with the low share float.
I am getting some consistent advertisement from Southeast Edibles promoting their products and some sale discount by email and a occasional postal mailing. I also see quite a bit of promotion on Instagram so they are trying to be active in social media.
Until then, it feels like just you and me here watching and waiting.
Hoop is here and has been here all along. I am just not doing daily commentary at this time. Here is what I will say about the situation currently:
Right now while I am glad to see the stock price finally going up, it doesn't influence me to make any additional assessments. The cannabis sector still stinks like I have stated a few times in the past weeks and nothing will get this stock or any stock in the sector to go up unless the SAFE banking act or legalization will happen. I don't see that happening because the politicians are just blowing smoke constantly talking about reform to make us happy. You can't let people out of jail for breaking the law about cannabis until they make it legal. First make it legal and then you can talk about reform and emptying the jails in my opinion. Besides once you make it legal, no one will be arrested for it going forward. I am for reform but not the way they want it to happen which I believe won't get passed.
In reality going from $1.70 to $2.05 isn't a big deal to me because the stock has still been cut down by 33% from it's highs. I have stated that I believe we are near a bottom in the cannabis sector with one more possible washout but that isn't looking like it is going to happen and the bottom of a base has finally settled in.
This stock should be trading at a 52 week high based on revenue and earnings but because the sector stinks, it is being held down by all the others. Justin Dye has this company running on all cylinders and he is killing it. I believe I was wrong about the MSO route and Dye was right to stay the SSO route because of the current laws. We can see that in his presentations he has some kind of plan to open up to other states but until legalization happens, he will continue to stay the current course.
I haven't sold a share or do I plan to anytime soon. I believe the cannabis sector is going to have a major consolidation soon because too many companies are losing money and the profitable ones will survive. In my opinion after the next SHWZ earnings report which I believe is going to surprise many, I believe you will see a takeover bid for SHWZ from one of the bigger players in the not to distant future. SHWZ is the golden gem of Colorado and many MSO's want to get into that market. It would have to be a massive bid for Dye to consider selling otherwise I believe he will pass on it. Since he controls the majority of the shares, it will have to be a good price possibly at $25.00+ in my opinion. Dye has no doubt turned into one of the pure professionals of this sector and his retail background is a testament to his knowledge of what he is doing.
Back a year ago, we had many conversations here about all the angles and ideas of where SHWZ was headed and it caused great banter and thinking. Since then, Dye and company have stayed the course they indicated and it has turned out masterfully except for the share price which will correct in time. So in the meantime, I am watching from a distance and am more confident than ever that this will be one of my major homerun investments in my lifetime. And yes, I will be planning that trip to Denver so we can all have that great party to celebrate. Can't wait to see you all there, especially you Future2016!....LOL
If the company (WEYL) had 130,000,000 shares to begin with before reverse splits when Brent came onboard, then it was bankrupt then. Any company with that many shares outstanding doesn’t have a cent and is a sham. Brent has rebuilt this company into something that has excellent potential. It takes money to make money so if the company was bankrupt to begin with, then he had to raise cash to acquire or build operations.
I bet the share price was in 1,000’s of a cent back then so if you got your shares reversed split I can understand your anger. If so, your shares were worthless then and would still be that way now if Brent hadn’t done something.
I held a stock that was in a similar situation once so I know what it is like to get your shares wiped out. I feel for you if that is the case but sometimes things do get changed around.
I still believe we could see a downdraft of about 5-7% in the cannabis sector (even SHWZ) before we see the end of the washout and a nice reversal in the sector and some good upward runs in the profitable cannabis companies (SHWZ included).
Laraz5, I am not sure why you are so hard on Brent unless you lost your shirt many years ago when he first came aboard? Obviously you are not happy.
But your O/S dilution thesis just doesn't cut it. Since 10/1/2020, Brent has made 6 purchases in the open market for a total of 100,500 shares for a total amount of $445,500. Why would any CEO put up that amount of money out of his pocket and be happy with a falling stock price? He would be throwing his money down the drain. If he was milking the company, he would be issuing shares to himself as a salary without taking hard earned money out of his pocket. His biggest purchase was at $10.37 a share of 10,000 shares so he hasn't been buying just down at these lows.
A great amount of smaller companies pay public relation/investment firms to get the word out because the big boys won't touch stocks with smaller evaluations until they reach the threshold required to be able to buy into them.
I have only been in this stock for about a year and believe Brent has changed the business direction of this company and good things are ahead. If you have lost a lot of money in this stock, maybe you should take a moment to look at it in a different way and hopefully you can make back any losses you occurred.
Either way, you have a right to your opinion as you have been stating here and I hope that I am correct in my thesis and make some good profits here.
The cannabis sector indexes were flat all morning until the past 5 minutes and now it is down 1.5%. When I make my postings, it is based on the information at the time. We are still holding in a support line area.
I don't care what individual stocks do because I invest on fundamentals of each company, not the sector.
Here is my 2 cents on things...
I have never owned a company as greatly run and now profitable as SHWZ and be unnoticed. Selling at these prices is insane but understand how some would want to take stock losses for tax purposes. If you sold now and a new acquisition or a great earnings press release from SHWZ could lead to a runaway train and you could be chasing to get back in.
The cannabis sector sucks and the stocks have been getting hit badly these past few months. Based on the action this past week or so, it appears we might have finally bottom in the sector. The market is getting hit again hard today and the cannabis sector seems to be holding the flat line.
In my opinion, the sector has been getting crushed because no SAFE banking act or legalization bill has been passed. But the amazing thing is that SHWZ is a same state operator and Dye has SHWZ crushing it in Colorado so if no bills get passed, SHWZ should whether the storm well. SHWZ is profitable and has cash to get things done so it is not struggling for money so it doesn't need the SAFE banking act but it sure would help if it was passed. Dye's firm could put up more cash or he has enough connections that would probably come through with investment cash if needed.
Holding this stock has been a extreme frustrating experience but definitely worth holding. When this stock does take off, the % gain should be a substantial bigger mover than other companies in the sector since SHWZ is one of a few cannabis companies that is profitable.
I will wait it out for as long as it takes. Fundamental profitability is what grows a stock price sometimes it just takes longer to get there and patience is needed.
GLTA
These were already in business when Dye bought Starbuds in Colorado except the 2 new stores in South Dakota. Dye won't buy them until he is ready to take Schwazze into a MSO business model. Ruden was the architect and founder of the Starbuds brand so with Ruden now a part of the Schwazze team and a Board of Director, I believe these other state locations are chopping at the bit to join Schwazze when the timing is right. The amount of wealth these store owners can accumulate being part of a bigger picture will have them join Schwazze at a cheaper acquisition value.
Since every state has different cannabis laws, Dye will wait until federal legalization to take the MSO route in my opinion. Dye's expertise is streamlining the synergies of companies to help cost cutting and improve value so he will wait it out. His past experience with Albertson's shows his track record.
Dye can buy the Starbuds name but not sure if the Washington state stores are part of Ruden's original entity. He would have to file for a trademark to use the Starbuds name exclusively and not let other stores to use it.
On another note about today, the cannabis sector sucks today and is in another freefall so there is pressure on the stock price. If AW isn't out of his SHWZ holdings completely, today might be the day he gets finished up because the Columbia Care deal for his stores could be completed starting tomorrow because Columbia Care said the deal would close in the 4th quarter.
Just all my opinion.
These Starbuds not in Colorado have no affiliation with Schwazze. Do I believe they could be part of a MSO expansion with Schwazze in the future?...Absolutely because I believe Brian Ruden was part of all these Starbuds getting off the ground. Dye has only gone after the Colorado Starbuds at this time. In my opinion, Ruden must be helping to grow the Starbuds name further outside of Colorado for when legalization comes along so they can join Schwazze. The 2 South Dakota locations are brand new.
There are also 6 Starbuds in the state of Washington but not sure if they were ever part of Ruden's entity in starting up Starbuds.
Kind of surprised to see the Colorado Starbuds still listed on the Starbuds website since they are also on the Schwazze's website which gives me more reason to believe that Dye has something up his sleeve to become an MSO sometime in the near future.
Just my opinion on the matter.
About time they came to their senses and whacked the $1.80 bid. Everyday they sell and get out of their position gives us a better chance for a stronger reversal. When this reversal comes I don't want to see and big offers so we can run faster and higher more quickly.
If you are right about the selling, then if they don't whack that $1.80 bid then they aren't too smart. If you have volume to sell you need to hit sizeable bids to get out quickly.
There is no chance either bill will be passed. It is all postering to make themselves look good. The SAFE banking bill won’t get passed because in the bill is that some DEMS want everyone incarcerated on a cannabis charge released from jail to get it passed. That isn’t right because they broke the law when they got arrested back then. Now I have no problem releasing them early from jail but wouldn’t it make sense to first make it legal so no one else gets arrested currently and then work on getting them released. That would be equivalent to saying that you got a speeding ticket years ago doing 65 MPH when the speed limit was 55 MPH and now you get you ticket money back because the speed limit was raised now to 65 MPH.
Adding it to the NDAA won’t work either because it is just a way to pass a terrible bill to pressure those opposed to the NDAA. Why can’t we just pass bills on their own merit instead of tying them to stuff that has nothing to do with the subject?
What is a joke is how much money the Federal government is missing out on in tax revenue to get some cash to get things done with passing legalization now. If the politicians want some revenue to get some things done, then they will make it legal and then we wouldn’t need a SAFE banking act.
It's ugly since the cannabis sector has started its downtrend again which was delayed because investors thought the government was going to pass some SAFE banking bill which again they are full of crap. They are just stringing along voters as a political ploy.
The cannabis sector is due for a nice reversal especially for the USA companies but we need a little more bloodshed first to get out the real weak hands. The profitable cannabis companies (like SHWZ) should fair well once that happens because value will finally matter in this sector.
Until then, unless SHWZ comes out with another acquisition (not an announcement that the BOW and DRIFT deals are completed) we will have to wait until November for the next earnings (which should be awesome) to be announced before we should finally see some movement.
So it is just chill time until November but if you are looking for some cheap shares then throw some bids in here and below and you might just get lucky. Otherwise you can take a nap for now.
GLTA
Dye has incredible instincts in my opinion and is not worried about the current share price and public relations on Facebook or Twitter. He has pulled off some amazing acquisitions laying low and probably has gotten better valuations on deals without the fanfare. If some of the acquisitions saw an ever increasing share price of SHWZ, they might have demanded much more and caused more dilution.
SHWZ puts out all the company information on the website in a very timely manner so the company is being transparent. As I stated in a previous posting, the cannabis sector is out of favor and the stock price is holding well despite the sector downward pressure.
I know we want some gratification now but Dye built Albertson's into a juggernaut over time. Albertson's was not a public held company when Dye was running it so I believe he is learning the ropes of public relations of a public listed stock company. Albertson's went public after his departure so in my opinion he is used to keeping his ideas and plans close to his vest to not let the competition know what he is working on.
If Dye can build SHWZ into another juggernaut then I am willing to wait it out. I really believe SHWZ can reach a $50 share price in a time period within the next two years especially with any legalization or SAFE banking act passage. For me, that would be an incredible life changing investment.
Just wondering, are you sure the seller is done now?
This stock isn't going anywhere until earnings come out or a passage of the SAFE banking act or legalization. No matter how much posting of positive comments by us loyal shareholders, the cannabis sector isn't in favor. The world of stock trading by value investors like ourselves has fallen in contrast of the momentum trading/WSB/Reddit crowd. Until some of the GME/AMC type traders start losing their shirts due to lack of how company stock prices should be evaluated based on earnings, we will have a hard time getting investors to notice the incredible potential in SHWZ.
If the cannabis sector makes a reversal bullish turn, then we could pick up some momentum and if SHWZ earnings come out during that move, then we could really see something bigger to the upside.
The blessing owning this stock is that you can sleep at night because we know that the company is worth more than $2.00 a share easily so we don't have to worry about a major downturn unless some investors want to take a loss on their investment to offset profits elsewhere.
Until then, we are in wait and see mode. I never would have thought investing in such a greatly run company that we would struggle to see a appreciating stock price but the cream will always rise to the top in the long run.
Davie, FL, Sept. 27, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- First Foods Group, Inc. is pleased to provide an update on its corporate initiatives and first half 2021 results.
First Half 2021 Key Financial Highlights:
Operating Results for the Six Months Ended June 30, 2021
Net sales for the six months ended June 30, 2021 were $289,879, an increase of 138% from $121,685 in the same period 2020.
The loss from operations was $668,773 compared to $1.3 million loss in the same period of 2020.
Operating Results for the Three Months Ended June 30, 2021
Net sales for the three months ended June 30, 2021 were $247,541, an increase of 900% from $24,711 in the same period 2020.
The loss from operations was $356,482 compared to $432,917 loss in the same period of 2020.
Harold Kestenbaum, CEO of First Foods(FIFG), stated, “We are pleased with the results of the first half of the year. As the COVID pandemic continues to cause disruptions across the globe, we enjoy uninterrupted supply deliveries from our close-knit group of South American cocoa bean farmers who have allowed us to smoothly continue manufacturing our exclusive ‘bean-to-bite’ specialty chocolate. We continue to make a much more aggressive push into the market with our products. Some of our customers, who had suspended or significantly cut back their operations in response to the pandemic, have resumed operations and relied upon us to consistently provide our superior products.”
Strategic Initiatives include, but are not limited to:
Selling Southeast Edibles in 80 stores throughout the United States. The complete list of participating stores can be seen on our website under the "store locator" tab https://seecbd.com/pages/sca-store-locator.
Enhancing our website and initiating a marketing campaign to drive more traffic to southeastedibles.com
Expanding into the health and wellness market through our newly established FFGI Wholesale Division.
Considering strategic acquisitions.
About First Foods Group, Inc.
First Foods Group, Inc. (FIFG) 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(FIFG) 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.(FIFG) 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/
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "hope", "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward- looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. None of the content of any website referred to above is incorporated herein.
Investor RelationsContact
Andrew Barwicki
516-662-9461 / andrew@barwicki.com
Image: https://www.globenewswire.com/newsroom/ti?nf=ODMzMjk2NSM0NDI1Njk1IzUwMDA0NzYwMA==
Image: https://ml.globenewswire.com/media/MTE1NTk1OTgtMDRiYi00ZTdkLTk0YjMtMTcyOTY5YzBjMWNiLTUwMDA0NzYwMA==/tiny/First-Foods-Group.png
Image: Primary Logo
Source: First Foods Group(FIFG)
2021 GlobeNewswire, Inc.
Nice update from the CEO, business is growing nicely.
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Only if I had your kind of money how rich I would be?...LOL
The bulls are trying to push the cannabis sector to the upside with some vigor. We could see a 10% run in upwards momentum next week with any luck before we hit some resistance.
Fingers crossed for some positive activity. Could see a run back to the $2.25 level in SHWZ
Maybe the size seller is around after all, nice to see the bid get whacked. Hopefully sooner than later he will be done and we are off to the races.
If the seller is so relentless, he will be whacking that $1.85 for 17,000 shares. If it doesn't get whacked, then their is no selling pressure except for the fact that the cannabis sector is still in a downtrend so small flippers or computer algorithms are selling.
The cannabis sector just rallied on those SAFE banking rumors but I won't believe it until I see it because politicians can't be trusted to do what they say. So still cautious here about the trading pattern but obviously I love SHWZ and Dye for what they are building.
I try to create some creative conversation, thoughts and possible conclusions here.
Concerning AW, his deal is scheduled to close in the 4th quarter so why would he risk waiting until the last minute (end of this month) to make sure he is out of his SHWZ holdings? Maybe Columbia Care wants to close the deal on Oct 1st? I am sure he will have to verify his dissolvement in SHWZ before they sign the deal. So for that reason alone, I believe he is done in my opinion.
Concerning JH, anything is possible as I stated before. The big offers have basically disappeared and we do not have blocks of 5,000-10,000 shares showing hardly anymore. When we were at the $2.25 level, they kept reloading so it was most likely a size seller. The trading volume in the stock has been low at best so no one is jumping either way. If it was either AW (who has to be out soon) or JH, they would be whacking bids in my opinion.
Concerning the stock price, Drugdoctor was stating how his MJ stocklist was big green yet SHWZ wasn't following along. The cannabis sector was up on the SAFE banking rumors today and yet SHWZ didn't go along with the sector. The cannabis sector has been getting hammered for weeks and yet SHWZ really didn't go down much at all with the sector decline.
We know SHWZ is going to have great earnings and yet we can't even get an upward movement of a few %. There is a disconnect with SHWZ and the cannabis sector that I can't explain but I have a theory of my own.
First is that the SAFE banking act has a big impact on SHWZ. Why?...because if it is passed then SHWZ could borrow money from banks to expand and not issue more preferred shares causing future dilution. Also SHWZ is one of the few companies making profits so they can afford to borrow and grow. The stock price would definitely hold up and might even rise under that scenario. Second, the institutions still are focused on the MSO's and not one state operators. Dye has done an incredible job in Colorado but I feel that the company is getting overlooked by institutional investors because of it.
We are all perplexed by the trading pattern of this company and what lies ahead with the stock price. The company is being run incredibly well and the stock price should slowly be rising to at least the $3.25 level at least before earnings come out but we can't hardly get a decent up day without getting slowly knocked down again.
I am not selling a share anytime soon. This company is worth at least $20.00 a share by the end of 2022 in my opinion and possibly as high as $50.00 with SAFE banking act and legalization being passed in my opinion.
Yes the sector is doing well but if the SAFE banking act doesn't get passed in that bill, we could see the final selloff that I have been predicting.
I hope that I am wrong and we continue to climb and that the SAFE banking act gets passed.
Obviously the anticipation of a passing of the SAFE banking act possibly today is fueling the cannabis sector. While I still believe we could still see another 5%-7% to the downside before we see a bottom and a reversal. If we see a passing vote, we will be off to the races and could see the SHWZ share price double at least to the $4.00-$5.00 level in my opinion.
I don't believe AW is selling and he is out of his position in my opinion. He needed to be out of his SHWZ holdings to get the Columbia Care deal completed. Why would he sell his personal company Medicine Man Denver to Columbia Care and still hold his SHWZ stake? He is getting shares in Columbia Care and no company would allow you to hold shares of a major competitor. That is a basic business practice about non-compete clauses.
Now as far as Josh is concerned, he could be selling just to get more cash to run his current business operations but don't have any intuition on that and there is no way to know.
We don't have big volume sellers and I believe it was just sellers who were locking in profits because the cannabis sector has been so weak. Level 2 looks pretty thin to the upside so and buying volume could push SHWZ higher in a much quicker fashion.
Hi buddy, it is just the two of us here currently.
This stock is now a cannabis stock and the sector has been garbage for months and in a severe downtrend. I believe a reversal of the cannabis sector is near because many of the profitable cannabis stocks are trading at a incredible discount and value/hedge fund managers will realize what a opportunity they have for growth and increasing revenues. The USA cannabis stocks are the ones to invest in, not the Canadian ones. So we could see some a nice pop in FIFG with a good earnings report next quarter.
Why do I say FIFG is a cannabis stock? Because their basic business in the CBD chocolates now, not the lending tier business. Looking at the FIFG website and they have many cannabis stock prices scrolling their website so they are projecting their image into that sector.
While I would like to see a positive news release, I like that the company doesn't put out "fluff" press releases so I would rather have it quiet. It won't take much to get FIFG noticed if they can put together a profitable quarter and with the low stock float should provide a big run upwards.
This is a risky investment because if they never find the growth or earnings it won't probably go anywhere but there is little downside with a stock price this cheap. I like that the company doesn't dilute itself to pay bills so they watch their balance sheet carefully and they always file their earnings/paperwork on time.
So patience is needed everyday and an opportunity to add to your position at these prices if you choose to do so.
Just to add to your point, no one could imagine that a company like SHWZ which had revenues of $9.4 million in 2018, $12.4 million in 2019, $24.0 million in 2020 and a project $125 million by the end of this year and projected $250 million in 2022 would have it's stock drop from the high of $3.25 a share to the current $1.87. And most importantly, the company has gone from losing money to now being profitable.
If SHWZ was a "tech" company, the share price would probably be over $100 a share based on that growth of revenues and profitability. The market will come to its senses one of these days and realize what a incredible company this is.
On another note, I still think we have another 5% to the downside in the cannabis sector before a major reversal could take place which could be dramatic especially for the money making cannabis companies. My guess we should hold the $1.75-$1.80 level as a firm bottom for the stock.
SHWZ has been one of the most frustrating "homerun" potential stocks I have ever seen. For us SHWZ holders, our day will eventually come and we will get to celebrate at our own SHWZ party in Denver someday.
Good luck to all.
The stock is not broken, the cannabis sector is broken. GRWG is a money making machine and one of the best companies in the sector and its stock is trading around $26 down from its 52 week high of $67. SHWZ is now also one of the best companies in the sector with their most recent acquisitions but since we are in a downtrend, it hasn't gotten the recognition of analysts because the sector sucks and not many are looking into investing in cannabis stocks at the moment.
Since about 80% of the market trades on computer algorithms, every stock in a downward sector will get hit. Many mutual/investment funds can't buy stocks like SHWZ because it doesn't meet their investment qualifications of either market cap, revenue, share price, etc., but if the sector finally gets a bullish turnaround and SHWZ earnings are realized based on Dye's projections that could change drastically and we could see a much bigger percentage rally in SHWZ than the sector itself.
I have been one of the longest holders here in SHWZ and it has been a frustrating period. But I did buy the stock under the ex-CEO because I thought cannabis would be a great investment especially in the Colorado market. SHWZ had management difficulties and was more of a risky investment so my investment was much less then until Dye came onboard and then I saw a cash making cow being born. Then I invested substantially more in the stock and hold it with much confidence that we have an incredible winner here.
In these times with all these chat boards, we want instant gratification and seeing some of these crappy companies make incredible percentage runs can really get you down and frustrated. This chat board has an incredible bunch of shareholders and is where you can get credible information without the lying BS of other chat boards.
Some of us are more enthusiastic and express our thoughts and opinions than others which is good. A diverse group keeps us honest and informative with ideas.
The cannabis sector had a small rebound yesterday but I don't think that will hold and in my opinion we still have another sector 8-13% drop before we could see a substantial reversal based on charting. But if any SAFE banking act or legalization happens, then everything gets thrown out the window and we are off to the races to the upside.
I was just doing some charting action in the cannabis sector earlier in the day and then compared it to SHWZ. Since cannabis has been in a downward trend it is now near the ugly zone where the weak hands will fold and cause that capitulation and then the smart money will come with hands full of cash to grab up the best companies in the sector. The cannabis index has been cut down almost in half since the highs of 2021 the euphoria of the election and has reached some support levels down another 8-13% from here considering we fell another 2.5% today. If we get the big downdraft of selling and then the big reversal, it could play right into the upcoming SHWZ earnings and that could be the catalyst of a big upward trend.
Just my opinion.
Drugdoctor, love your sense of humor...$1.07 very funny.
I just get done typing my last message and here it comes the selloff. We should hold the $1.80 level in my opinion. Hang in there gang.
We are getting to a capitulation scenario in the cannabis sector. The sector itself could see a 10-15% crash with a strong reversal quickly following. SHWZ itself on fundamentals based on the balance sheet and future earnings potential should outperform the sector once the reversal takes place.
I don't believe SHWZ will take a hit as many of the other cannabis stocks take but the worst case scenario should see a bottom in the low $1.80's. I believe we will hold this $2.00 level.
I like that Dye has stated in a past few conference calls/interviews that he believes cannabis reform is coming. He probably knows more than we do and seeing the news today that many mayors are pressuring Biden/government to get some kind of passage shows pressure is coming from many angles. So maybe Dye feels this pressure will make something happen soon.
It definitely has been a long and frustrating road waiting this out but the potential for an incredible payout is still there. Many of us here have done incredible due diligence and our day will come. In the meantime, there is nothing more to say here on this chat board unless you just want to vent. All the promotion we do here or on other venues will not move the stock until the cannabis sector reverses but when SHWZ does reverse, it will be more dramatic than many other cannabis stocks. More importantly, the USA cannabis companies have much more potential than the Canadian companies and a big sector consolidation is coming in my opinion. PLUS PRODUCTS (stock symbol: PLPRF) filed for creditor protection today despite reporting record revenues a month ago just shows how tough the sector is getting for some cannabis companies.
Personally I don't think that is going to happen unless you have a decent size sell market order that comes in and whacks the bids with no bids below. But if you are looking to get some that cheap, I would have a GTC buy order already in there just in case.
I believe the ex-insider(s) selling is now over beginning this week and the only sellers are either tired of waiting for a move in the stock price or it is some cannabis sector selling to move into other sectors of the market since the cannabis stocks have been in a constant slow downtrend.
I really believe we are going to see a rally in the cannabis stocks soon especially the profitable ones because with the market at all time highs and high evaluations of all the other sectors, fundamental investors will be looking for undervalued companies because if the market does have any kind of selloff, the downside risk will be minimal at best. Also still a lot of rumors floating around about the SAFE banking act or legalization could get some kind of passage soon but I will believe it when I see it because I don't trust our politicians to do it.
In my opinion, the current direction of SHWZ under Dye has been transformed from a pipe dream under the old CEO (AW) and now is in monster mode. Just based on what the company is projecting for revenue and earnings, I see a $20 stock price in the future probably in the beginning of 2022. If the government passes the SAFE banking act or Federal legalization then I see the share price of $50 by the end of 2022.
There will be a euphoria in the cannabis sector with either bill passing and with Dye is projection for a double in revenue next year and with incredible improving margins from their acquisitions, there will be a premium on SHWZ's stock price due to being one of the best in the business.
With the Federal government passing both of bills, the cannabis industry will see stock price improvements like what happened with Bitcoin over time. We will see some of the money losing and poorly run cannabis companies fold into bankruptcy or get bought out cheaply by some of the bigger players. SHWZ will either get bought out by another player at an incredible price or Dye will build SHWZ into one of the industry giants and with his background and management team, they have all the retail experience to get it done.
Give Joe Gomes credit because he is the only analyst that has been following SHWZ and has had a buy recommendation since he first researched the company.
I believe that all of us on the chat board believe the price target should be higher but we can't complain about his analysis because we still haven't even reached his price target of $4.00 yet.
As many of you know, I have been here for a very long time and have incredible faith and confidence in Dye and the rest of management team to take this company to be one of the best in the industry. We also have an incredible group of posters here that do their own due diligence and have come to the same conclusion as I have.
No matter what, fundamentals matter most for a stock price to reach its potential and SHWZ is headed in the right direction. It is just a matter of time before it will get the recognition it should. But the stock market in our current times has become a herd mentality and the cannabis sector is out of favor at the moment. When the SAFE banking act or Federal legalization finally happens, all the cannabis stocks will take off but investors will look for the best run and the most undervalued companies to make the best returns and SHWZ will be at the top of that list. In the meantime, consolidation should continue to happen because of the cheap share prices in the sector and gives the bigger players a chance to grab up some of the smaller players.
If you want to add to your SHWZ holdings, there is no better time than now to do it in my opinion because I believe a reversal of the cannabis sector is coming soon and SHWZ will lead the way of being one of the biggest percentage gainers in the sector. Also, I wouldn't be surprised to see a possible takeover bid for SHWZ in the future but unless it is an incredible offer, I expect Dye to pass on it because I believe Dye has some bigger plans to come that will take the share price to levels that we can't even imagine at this point. From a personal agenda, I wouldn't mind seeing a takeover bid just to show the market how undervalued SHWZ is and bring attention to the company which could really get the stock price moving. I will continue to put my trust in Dye to take us to the promise land.
Future, Here you go, got it posted.
Price Target Supported by Recent Industry Acquisition
Joe Gomes, Senior Research Analyst - Media Inquiries
Fundamental Analysis
RatingOutperform
Refer to the end of the Report for Analyst Certification and Disclosures
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D). This report is provided on Channelchek for informational purposes only and should not be used to make investment decisions. B/D is not an investment advisor and as such, offers no advice or recommendation to buy or sell any securities. Consult an investment advisor who has a fiduciary responsibility to manage your assets in your best interest and who can help determine investment suitability for you. Refer to Disclosures & Disclaimers for more detail.
September 8, 2021 - ANALYST SUMMARY
Price as of Publication: $2.19 | Price Target: $4.00
Gage Growth Acquisition. Last week TerrAscend Corp. (OTC:TRSSF) announced an agreement to acquire Gage Growth Corp. (OTC:GAEGF) for $545 million. Gage is a leading high-quality cannabis premium brand and operator in Michigan. Annualizing Gage Growth's 2Q21 revenue of $26.4 million results in an acquisition multiple of 5.2 times revenue.
Gage in Michigan. Gage is doing in Michigan what Schwazze is doing in Colorado. Gage currently operates ten dispensaries in Michigan and three cultivation sites, with nine additional cultivation sites through contract growers. The firm has plans to open an additional ten dispensaries over the near term. Gage claims to be building the fastest growing cannabis brand in Michigan. The firm's product portfolio includes flower, edibles, vapes, and concentrates. The firm's average basket size of $158 in 1Q21 is nearly double the statewide average.
Gage 2Q21 Numbers. Gage 2Q21 revenue jumped 49.9% to $26.4 million driven by cultivation capacity expansion, a new dispensary and strong same store sales growth. Significantly, gross margin rose to 34.2% from 26.1% sequentially partly due to increased in-house cultivation, what Schwazze's last two acquisitions should provide to Schwazze, in our view.
Michigan Cannabis Market. Michigan is the third largest cannabis market in the U.S., only trailing California and Colorado, although it may overtake Colorado in the near future, driven by a population nearly double that in Colorado. Projected statewide adult use cannabis revenue for 2021 is in the $950 million-$1.2 billion range, with about 220 dispensaries in operation. Adult use sales are projected to hit $2-$2.5 billion by 2025.
Maintaining Outperform. We are maintaining our Outperform rating and $4.00 twelve month price target. At our price target, SHWZ shares would trade at 4x projected 2021 revenue and 13.8x projected 2021 EBITDA on a fully diluted basis. We believe the recent proposed acquisition of Gage Growth provides support to our price target.
Company Profile
Medicine Man Technologies, Inc. was incorporated in Nevada on March 20, 2014. In April 2020, the Company began operating under its new trade name, Schwazze, although Medicine Man remains the legal corporate name.
A brief history of the Company. Following its incorporation, in May 2014, the Company entered into a non-exclusive Technology License Agreement with Futurevision, Inc., dba Medicine Man Denver, pursuant to which Medicine Man Denver granted Schwazze a license to use all of the proprietary processes that they had developed, implemented and practiced at their cannabis facilities relating to the commercial growth, cultivation, marketing and distribution of medical and recreational marijuana pursuant to relevant state laws and the right to use and to license such information, including trade secrets, skills and experience (present and future) for 10 years.
In 2017, the Company acquired Success Nutrients, Inc. and Pono Publications Ltd. which included the rights to the book titled Three A Light and associated cultivation techniques which the professional services group has sold since the acquisition. Success Nutrients is engaged in the manufacturing and wholesale and retail distribution of different plant nutrients for cannabis. In 2018, Schwazze completed the acquisition of The Big Tomato, a leading supplier of hydroponics and indoor gardening supplies in the metro Denver area since 2001.
Prior to the 2019 change in the Colorado marijuana laws that now permitted outside investment in the cannabis industry by publicly-traded companies, Schwazze had generated revenue through a number of activities related to the cannabis industry including consulting activities as well as seminars conducted for prospective clients interested in entering the cannabis industry, facility management and design, the nutrients business and the retail location for The Big Tomato.
Following the passage of Colorado House Bill 19-1090, management made a strategic decision to move toward direct plant-touching operations. Schwazze issued binding term sheets to several Colorado acquisition targets across the value chain which, if completed, would allow the Company to become one of the largest vertically integrated seed-to-sale operators in the U.S. cannabis industry.
Fundamental Analysis 3.0/5.0 checks
We give Schwazze 3.0 checks out of 5.0, which falls within our "Average" range of 2.5 to 3.0 checks. We give the Company average marks for its Corporate Governance and Management. Much of the senior management team and directors have enjoyed long careers in the cannabis and finance industries. These positives are offset by the significant ownership and control position held by Dye Capital and the still evolving nature of the BoD. In addition, the Company sports a staggered Board and has a limited number of independent directors. We view Schwazze's market opportunity favorably given the size and growth of the Colorado cannabis industry, but this is offset by the emerging nature of the industry. The Company is a small competitor in the space and is dependent upon completion of its announced acquisitions. The Company's roll up strategy, with numerous acquisition opportunities, provides significant operating leverage. But this is somewhat tempered by the elongated closing timing of its previously announced acquisitions and the need to raise significant funds in order to complete any transactions.
Valuation Summary
We are maintaining our Outperform rating and $4.00 twelve month price target. At our price target, SCHWZ shares would trade at 4x estimated 2021 revenue and 13.8x estimated 2021 EBITDA. As seen the the following table, these multiples would be at a discount to the average vertically integrated operator, although it is apparent some of these firms have yet to reach positive EBITDA.
We also would note the ongoing consolidation within the industry, the latest being the announced acquisition of Harvest Health by Trulieve. Other recent transactions include the merger of Tilray and Aphria, Canopy Growth's purchase of Supreme Cannabis, and Hexo's purchase of Zenabis Global. While Harvest is a multi-state operator, we believe the $2.1 billion acquisition is illustrative of the values being created in the cannabis space. Based on consensus estimates, the deal values Harvest Health at 25.6x adjusted EBITDA for 2021 and 5.5x 2021 revenue estimate. Applying these multiples to our estimates for Schwazze provides a blended valuation for Schwazze of approximately $735 million, or over $6.00 per share using a 120 million share count.
Investment Risks Include:
Much of the Schwazze story is still "on the come." We need to see the Company successfully integrate the Starbuds acquisition in order to remain confident about the Company's ability to implement its "roll up" acquisition game plan.
Additional acquisitions could result in the need for additional capital raises.
Any roll up acquisition strategy is difficult to successfully implement. Each acquisition is different, bringing its own set of challenges. Integration can be difficult. And the transition to a unified operating methodology and brand takes time.
Marijuana is still illegal on the Federal level, which complicates the entire financial process. Most federally chartered banks will not lend to the industry and most credit card companies will not accept charges from purchasers. While there is a movement afoot to eliminate such restrictions, until such legislation in passed the industry will be operating with the proverbial "one hand tied behind it back."
The cannabis industry is highly fragmented, and Schwazze has many competitors, including many who offer similar services as those offered by the Company.
Insiders own nearly one-half of the outstanding shares, giving them an outsized influence on shareholder matters.
https://channelchek.com/company/SHWZ/research-report/2838
Basically says what Joe Gomes has been saying about the $4.00 price target.
I tried to post it but am having issues posting the article also.
Logiq Partners with IRIS.TV to Provide Video-Level Data to E-Commerce Marketers and Improve Video Campaign Performance
September 08, 2021 08:31 ET | Source: Logiq, Inc.
...
NEW YORK, Sept. 08, 2021 (GLOBE NEWSWIRE) -- Logiq, Inc. (NEO: LGIQ) (OTCQX: LGIQ), a global provider of award-winning e-commerce and fintech solutions, has partnered with IRIS.TV, the leading video data platform, to utilize IRIS_ID, a unique global identifier assigned to individual videos, to provide greater transparency and performance in streaming video for e-commerce marketers.
This partnership enables contextual and brand-safe connected-TV (or “CTV”) targeting for e-commerce marketing programs, as CTV continues to be one of the fastest-growing advertising platforms. Connected TV refers to premium content streaming through apps, either on a smart TV or through an over-the-top device.
eMarketer reported in a recent CTV programmatic advertising update that incremental spending on programmatic CTV video ads in 2021 will increase to $2.37 billion. That $2.37 billion will represent almost 29% of all incremental spending on programmatic video ads this year and about 15% of growth in total programmatic display. Additionally, in the IAB’s “2021 Marketplace Outlook Survey Results,” a poll of digital video buyers, showed an average shift of 21% of ad budgets from linear TV to digital video.
IRIS_ID will enable video-level contextual and brand-safety targeting for pre-bid media buying via the Logiq Digital Marketing platform. Leveraging IRIS_ID, Logiq customers will have real-time access to video-level data verified by their preferred data providers from top publishers across all distribution platforms, from Apple TV to Samsung TV.
“The partnership with Logiq marks another step forward for our growing ecosystem of leading ad platform partners,” said Field Garthwaite, CEO and Co-founder, IRIS.TV. “Logiq’s inclusion in the IRIS-enabled™ ecosystem is a proof point of how critical video-level transparency is to all advertisers to grow their brand.”
With access to IRIS-enabled™ video-level data via the IRIS_ID, small-to-mid-sized brands and agencies can evaluate and optimize video campaign performance across content genres and screens. Through a singular sign-in and dashboard experience, Logiq Digital Marketing clients will be able to leverage the IRIS_ID in their e-commerce marketing execution, and apply context and brand-safety signals in their pre-bid media buying strategies.
“We have made significant investments into the Logiq Digital Marketing platform’s ability to efficiently and economically help brands advertise on valuable streaming video and connected TV content,” said Manny Puentes, president, Logiq Digital Marketing. “The partnership with IRIS.TV provides more visibility and access for marketers that did not have the budget and opportunity to leverage these opportunities prior.”
The new capabilities are effective now and Logiq’s clients are currently onboarding them into their upcoming marketing campaigns. For more information or speak with a Logiq representative, please contact the company here.
About Logiq
Logiq, Inc. is a U.S.-based leading global provider of e-commerce and fintech business enablement solutions. Its DataLogiq business provides a data-driven, end-to-end e-commerce marketing solution. Its AI-powered LogiqX™ data engine delivers valuable consumer insights that enhance the ROI of online marketing spend. The company’s Fixel technology offers simplified online marketing with critical privacy features.
In its AppLogiq business, Logiq’s platform-as-a-service, branded as CreateAPP™, enables small- and medium-sized businesses worldwide to easily create and deploy a native mobile app for their business without technical knowledge or background. CreateAPP™ empowers businesses to reach more customers, increase sales, manage logistics, and promote their products and services in an easy, affordable, and highly efficient way. CreateAPP™ is offered in 14 languages across 10 countries and three continents, including some of the fastest-growing emerging markets in Southeast Asia. The company’s PayLogiq, branded as AtozPay™ in Indonesia, offers mobile payments, and GoLogiq, branded as AtozGo™ in Indonesia, offers hyper-local food delivery services. Connect with Logiq: Website | LinkedIn | Twitter| Facebook.
About IRIS.TV
IRIS.TV is engineering the most open video data ecosystem in the world to power meaningful connections between brands and consumers. Our video data platform provides publishers, media brands and connected tv apps with secure onboarding and activation of their video data and marketers with video-level transparency. Since 2013, we’ve enabled our partners to build scalable solutions on top of our platform including video-level contextual and brand-safe ad targeting, third-party verification, personalized video recommendations, and measurement & analytics solutions. For more information, visit www.iris.tv
Important Cautions Regarding Forward-Looking Statements
This press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This press release also contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation that relate to Logiq’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon.
These statements speak only as of the date of this press release. Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Logiq’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. In particular and without limitation, this press release contains forward-looking statements regarding our products and services, the use and/or ongoing demand for our products and services, expectations regarding our revenue and the revenue generation potential of our products and services, our partnerships and strategic alliances, the impact of global pandemics (including COVID-19) on the demand for our products and services, industry trends, overall market growth rates, our growth strategies, the continued growth of the addressable markets for our products and solutions, our business plans and strategies, our competitive position in our industry, and other risks described in the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC) including its Annual Report on Form 10-K and any subsequent public filings, and filings made pursuant to Canadian securities legislation that are available on www.sedar.com, including under the heading "Risk Factors" in the Company's Canadian Prospectus.
Logiq undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Logiq to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.
Company Contact
Brent Suen, President
Logiq, Inc.
Email contact
Media & Investor Contact
Ronald Both or Grant Stude
CMA Investor & Media Relations
Tel (949) 432-7566
I like that idea. I have been to Denver a few times and enjoyed every minute of it.