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Drugdoctor, I am not going to get into this discussion again with you. You can disagree with me if you want and that is ok with me.
Unless your order goes to a market maker paying for order flow, VERT was the best bid and offer when I made the observation. So if a market order is placed and it is not directed to a market maker paying for order flow, then VERT gets the order being he is the highest bidder or lowest offer and that is controlling the price. If someone doesn't come between his bids or offers then he gets all the business. THAT IS TRUE! Having worked in the business for 30 years, that is the way it works.
VERT is not a big player and rarely gets involved in this stock unless he can sense he can flip the position he accumulates based on the spread and movement. VERT hasn't been around for months. I was just making an observation because when VERT is around the price usually stays stagnant in a price range. So I made the comment based on his presence that we probably won't be making a big move at this moment.
I haven't been posting because there is not much to say because we are in the stagnant range and nothing is happening and won't happen until we get either earnings, a new acquisition announcement or an announcement from the federal government making a move.
We want the same thing for the price of SHWZ to go up. I still believe this stock is one of the most amazing bargains in the market and will wait for the big move I feel with be happening in the future. Not looking to flip it, just waiting for what I believe will be an incredible percentage move and the big payoff.
Best of luck to you and all SHWZ shareholders.
The stock is not going anywhere currently because for the first time in months VERT is back playing the game. He only gets involved when he knows he can control the price and order flow. If he disappears from being the best bid or offer, then we know we could have a move coming.
damAcon1, that was what I was thinking in responding to Future. I believe Dye has an endgame too, but not sure what it is. But I do believe he wants a great payoff at the end of the day or he could have stayed at Albertsons and received a nice yearly salary and built up his wealth.
It is seen as a takeover candidate because of what we expect the earnings to be and the company should be profitable. Since so many cannabis companies are losing money, that makes SHWZ desirable.
I believe that SHWZ will be a $20 stock by the end of the 2021 and $50 by the end of 2022 if the earnings and growth reach the levels we believe is achieved.
So the next issue is what would be a takeover price? If the next one or two earnings reports come out and blow away the numbers and the stock price really rockets, then I believe the stock market will value SHWZ accordingly and a takeover isn't likely.
But let's say the company still achieves the earnings and the stock is unvalued (let's say $10 or less) and one of the big boys come along with a $50 takeover price, would you be happy to turn that down? I think Dye would really have to consider something like that and realize the payday he would have with all the common and preferred stock he owns in basically a short amount of time he has been running the company.
I have no idea if that would ever happen or at what price, but MONEY TALKS AND EVERYTHING IS FOR SALE if the price is right. I wouldn't be surprised to see Dye seriously consider the takeover and move on. Basically Dye walked away from a serious yearly money package from running Albertson's so his decision would be the most important decision since he controls at least 50% of the total stock of the company.
Either way, I believe with patience (and we have shown that) we will get a great payoff down the road.
Personally I think it is just one or two traders doing some flipping due to the big spread.
Jeffries likes the cannabis sector and today came out with some buy recommendations.
Lots of rumors floating around online about the Federal government might approve some kind of cannabis bill soon. I will believe it when I see it.
I believe our time is finally coming and the sanity of the market will take over looking for companies which are undervalued and profitable.
I think the market is finally bursting the MEME bubble with GME and AMC (along with the others) bubbles are breaking. If this keeps up we could finally see a nice move in SHWZ.
Sanity always comes back to the market in due time. Fingers crossed and wishing all of the SHWZ holders great fortune.
Yeah, we finally got a small buyer. Let's hope he has more unless that was one of our board posters?
At this point, we could be on pace for the slowest volume trading day since the very early days after the stock getting listed. For the first few months of trading when the company went public, it would trade maybe a few thousand shares on average, we might see that today if no news comes out.
So feel free to go back into hibernation for the moment. I so hope I am wrong and we finally get some interest. Really would love to see something to get me excited again.
No, if AMC shares are worth close to $60 each, then a share of SHWZ is definitely worth $60.
SHWZ growing and going to be profitable.
AMC losing their shirt and could file bankruptcy at any time. The company has almost $3.5 billion in debt and there is no way they could ever do any amount of business to make up that shortfall.
But if they start buying SHWZ shares now at this low price, they will make their money back within the next 2 years when SHWZ goes to the $50+ level while AMC burns back down to pennies in the future.
Just my outlandish thought and way to get someone to notice this incredible company. Can't say I am not trying....haha
I have an idea, why doesn't Schwazze team up with AMC theaters and have a promotion. FOR EVERY SCHWAZZE SHARE THEY PURCHASE, THEY GET A FREE MOVIE TICKET. This way we might get some interest in the stock and get all those AMC shareholders to buy some SHWZ shares.....LOL!
It sure couldn't hurt....haha, just bored.
I can't wait for the next acquisition so we can rise up another 1/2 penny...sorry, just venting. The announcement didn't even bring any interest with only 51,000 shares trading.
Maybe Dye should announce that Schwazze will accept bitcoin payments, maybe that would bring some attention to the stock....LOL
Right now I think a majority of the market is into the momentum plays like GME and AMC. Those stock prices are so overvalued but the REDDIT/Wall Street Bets gang has most of the interest in the business.
I like the fundamental side because I believe SHWZ is cheap by any standards. For me, I can sleep at night knowing that this is a homerun in the making and that the stock has a great base floor. One of these days the AMC crowd is going to wake up and see the stock trading down $20 and that game is going to be over.
Dye's track record at Albertson's is what has me so hopeful. He didn't build that company overnight but a nice steady increase in growth was his plan and he executed. He had to learn the cannabis industry coming here and I believe he has mastered it now.
I also believe that Andy Williams or Josh Haupt are liquidating their shares so that is the pressure on the price. AW will have to be out if he has any shares left before the completion of the Columbia Care purchase of Medicine Man Denver or it is Josh wanting to use the cash to build his new business adventures.
I believe Dye has a few more acquisitions up his sleeve and he will complete them all this year. Today's deal didn't use up all the cash on hand for acquisitions so there must be more in the works.
Either way it goes, great times are ahead in my opinion.
I believe Dye is doing a fantastic job since he has come onboard. The cannabis sector is out of favor right now due to the lack of clarity of the federal government making cannabis legal or not and the non movement of the SAFE banking act.
This new deal today looks like another excellent deal with Dye paying 3.5 times earnings which I believe is cheap and I am sure is accretive to earnings or else Dye would have passed on the deal in my opinion. Columbia Care paid 4.5 times earnings for Medicine Man Denver.
While the MSO stocks are taking a bigger beating than the SSO stocks, I would still like to see Dye make the move into the MSO sector by acquiring the Starbuds locations in Oklahoma. This thought process could be a future decision but no matter what I believe, Dye is an expert in the consumer field and I trust his decisions.
I, like many of you, are just frustrated with the lack of price movement but I am a fundamental investor and believe the numbers and earnings are the real testament to price improvement. So I will wait with confidence to see my portfolio gain over time.
The way the cannabis sector has been consolidating I wouldn't be surprised to see another company make an attempt to a takeover deal of Schwazze down the road. Whether or not Dye would accept it is to be seen since he controls most of the stock and that would be a interesting decision. Either way, Dye is a one smart guy and I believe he would make the most profitable decision.
Just my thoughts on what could be happening in the future. It has been a quiet chat board for some time now because we are in a holding pattern. We just have to be patient because I believe a big payoff will be coming down the road. Hang in there!
The news came out at 6:30 am so it should have an effect on the stock price on the opening. I don't know what it is but sometimes when SHWZ comes out with a press release it doesn't show on my trading platforms. I have TD Ameritrade and it is not showing. I also have Fidelity and while the news came out in the news feed, it doesn't have a press release on their ticker feed.
Either way, we are 30 minutes into the day and we are down 1/2 cent on what should be considered bullish news.
Gotta love this stock price action from this acquisition.....ughhhhhhh
We have another acquisition!
Schwazze Signs Definitive Agreement to Acquire Drift
Acquisition Expands Retail Footprint in Boulder County, Colorado
OTCQX: SHWZ
DENVER, Colo., June 29, 2021 /PRNewswire/ - Schwazze, (OTCQX: SHWZ) ("Schwazze" or the "Company"), announced signed definitive documents to acquire the assets of BG3 Investments, LLC dba Drift which consists of two marijuana retail stores located in Boulder, Colorado. This purchase continues Schwazze's expansion and growth plans in Colorado adding to the Company's current dispensary footprint, with nine dispensaries acquired year to date, bringing the total number of dispensaries to nineteen. As part of the purchase, Schwazze will also acquire the assets of Black Box Licensing, LLC, which contains certain intellectual property.
"We look forward to adding these dispensaries to our portfolio. The Company remains focused on bringing excellent customer experiences to all areas of Colorado, and we are excited to bring that experience to our customers in Boulder," said Justin Dye, Schwazze's CEO.
The consideration for the proposed acquisition is $3.5 million and will be paid as $1.9 million in cash, and $1.6 million in common stock. This transaction represents a 3.5 times multiple based on the projected 2021 adjusted EBITDA for the two dispensaries. The acquisition is expected to close during the third quarter of 2021 after the Colorado Marijuana Enforcement Division and local licensing approval.
About Schwazze
Schwazze (OTCQX: SHWZ) is the parent company of a portfolio of vertically integrated cannabis brands spanning seed to sale. The company's intent is to apply its operational playbook by expanding into markets where it can entrench itself in a leadership position. Anchored by a high-performance culture, Schwazze focuses on growth by purposeful design, combining customer-centric thinking and data science to test, measure, and drive desired outcomes. The company's leadership team has deep expertise in CPG, retail, and building consumer brands at Fortune 500 companies as well as in the cannabis sector. Schwazze is passionate about improving the human condition; making a difference in our communities; promoting diversity and inclusion; and focusing on sustainable best practices.
Schwazze derives its name from the pruning technique of a cannabis plant to promote growth. Medicine Man Technologies, Inc. was Schwazze's former operating trade name. The corporate entity continues to be named Medicine Man Technologies, Inc.
Forward-Looking Statements
This press release contains "forward-looking statements." Such statements may be preceded by the words "may," "estimates", "predicts," or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control and cannot be predicted or quantified. Consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; (v) difficulties in securing regulatory approval to market our products and product candidates; (vi) our ability to successfully execute our growth strategy in Colorado and outside the state, (vii) our ability to identify and consummate future acquisitions that meet our criteria, (viii) our ability to successfully integrate acquired businesses and realize synergies therefrom, (ix) the actual revenues derived from the Company's Star Buds assets, * the Company's actual revenue and adjusted EBITDA for 2021, (xi) the Company's ability to generate positive cash flow for the rest of 2021 (xii) the ongoing COVID-19 pandemic, (xiii) the timing and extent of governmental stimulus programs, and (xiv) the uncertainty in the application of federal, state and local laws to our business, and any changes in such laws. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise except as required by law.
SOURCE Medicine Man Technologies, Inc.
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That article is a joke concerning Schwazze. AW went on an acquisition spree with no cash and only broken promises to get the company noticed and Dye rescued them from what would have been bankruptcy from terrible deals.
Notice that Columbia Care is still in a downtrend now that they announced they were taking over AW's Medicine Man Denver. Shows how much the market respects that deal....LOL
Somebody sure doesn't want this stock to go up. No reason to tick it down 10 cents or more on a few hundred shares especially when the buyer keeps slowly buying it up.
I see no problem with the bonus plan. Cash bonus is a set amount and easy to expense on the P&L. Giving shares dilutes the company more and takes away the option to use shares for acquisitions.
Dye especially and the management board have enough shares between common and preferred shares. Dye and his firm has put up close to $50 million into this company and to give him a $70,000 bonus (at reaching 100% goals) along with a $350,000 salary is pocket change alone. Dye and a good amount of this board/management team walked away from Albertsons. What does that tell you? There is something much bigger here than meets the eye.
The current CEO of Albertson's combined compensation is almost $29 million ($9 million cash/bonus and $20 million stock) and almost another $30 million to the rest of the Albertson board/management team. I can't stress enough that he walked away and was not shown the door. The company was under a lot of pressure to find a successor with his credentials.
So here we are paying Dye and the management team peanuts especially if they meet the numbers projected. My thoughts they wanted to get this out now before the next earnings release because they expect to make the numbers easily.
I just stated earlier today about waiting for the next press release and we get one today. Just good to see something from the company.
I had worked in the financial sector for many years and been investing for even longer than that, but this OTCX is sure getting me befuddled with his offering 1,000 share lots and then bidding for 1,000 share lots and back and forth many times a day on almost a daily basis for some weeks now.
The only thing for sure is that OTCX is a size player almost 100% of the time and not small retail orders.
No matter what, he keeps it interesting to watch during our stagnant price movement for the past several weeks.
Hope all is well with everyone because there is not much to write about these days. Look forward to hopefully some kind of announcement soon so we get some movement.
Something to keep in mind. Dye built Albertsons into a mega conglomerate while the company was a private equity. Albertsons went public after Dye departed the company although there were plans at previous times during his tenure to go public. So Dye has never used the social media to build his empire.
I think Dye is wanting to keep the company out of the limelight at the present time to focus on getting some more deals done. I don't think he wants the company phone switchboard to be lighting up constantly requesting information, comments or interviews.
Dye and Huber did some road show remote interviews (which many of us viewed online) to get out the word on what was happening. Since that time, there has been silence which leads me to believe something else is in the works soon. Many companies lay low before a major announcement and that is my take on it. Dye has pulled off some incredible deals in relative silence so to not tip off the competition so it could be the reason for no press releases.
I would love to see some kind of press releases that keep the interest and help drive the stock price up for sure.
The only social media that I have seen Schwazze do is on Linkedin with the posting of job positions. Quite a few of them have had to do with E-Commerce openings so it sure appears that Dye is looking to ramp up the internet side of the business. Whether or not when these positions get filled will we see more social media exposure is to be seen.
Could be a record volume day!
Holy cow, we have some volume!
As soon as I posted that, he shows up and grabs them....yahoooooooo
Where is our INTL buyer today? 15,000 shares at $2.45, what a steal.
Sorry to wake everyone up from their naps....LOL
So to the best of my knowledge, he can still own SHWZ shares until his deal with Columbia Care is finalized.
We don't know how many shares of SHWZ he owns since he left the company and no longer has to disclose his holdings. Usually when someone leaves a company that is a insider/director, they have a lock up period that doesn't allow them to sell their shares immediately and/or all their shares at once. They usually have an time frame that allows them to sell a certain amount of shares over time. This gives the market and shareholders time to absorb the liquidation of the holdings without killing the share price. That time period of lock up is usually a year at least before they can sell some of their holdings but not all.
My thought is that AW has been selling recently now that we know the news and since the deal isn't due to be completed until the 3rd quarter, he might still have some more to sell but needs to be done by the time period to complete his new deal. So if he isn't completely out of his SHWZ holdings yet, the lock up period must be over because he would definitely be in a conflict of interest with Columbia Care if he didn't sell all his SHWZ holdings.
Some of the other selling could be investors in the cannabis sector who want to get out of the sector and put their money elsewhere. With all the comments coming from the FEDS recently that legalization and the Safe Banking in a stalled limbo stage until next year, SHWZ and the rest of the cannabis sector could be in a stagnant period overall and the stocks can just be moving sideways for a while.
On a positive note, I am seeing SHWZ showing up a lot on many cannabis analyst/investor lists that it is one of the most undervalued plays in the sector. With these postings gives SHWZ more visibility everyday which should help create such great value awareness for investors and the company moving forward.
Lots of talk on the chat boards about Schwazze due to the Columbia Care-Medicine Man Denver deal. Many posters misunderstood and thought it was Schwazze getting taken over due to similar Medicine Man names.
A lot of the chatter could bring some additional attention and possible investors into the SHWZ camp so we could get some new buyers today. At least we can hope.
On another note, it appears that Schumer and the rest of the political gang have decided to put the legalization and safe banking act off to the side and the chance of any passing a bill is practically 0% this year. As usual, politicians make promises to get into office and as soon as they get elected/re-elected, they don't follow through. They just can't be trusted.
But will Columbia Care have the profit margins that we are expecting Schwazze to have. Bigger doesn’t always means better. And if Andy can get $42 million for his company, what does that make SHWZ worth? $250 million at the conservative low end of the scale but probably much more.
I am really looking forward to tomorrow to see if we have any more selling pressure. If not, we could be off to the races in the next week to test a new 52 week high.
Right, like I said I don't think AW ever put it under the MDCL umbrella but it was part of the plan. That was why when he walked away from SHWZ, he was able to take it with him.
If I remember correctly, Andy started as Medicine Man Denver with his dispensaries but when he decided to go public in the stock market, he created Medicine Man Technologies to put everything under one umbrella. When he left Medicine Man Technologies (now Schwazze), he was able to take his dispensaries with him. To be honest, I am not sure if Andy ever put the Denver operations under the public company (MDCL). If he did, he worked out something with Dye to take his dispensaries with him.
My previous comments in the past was to dump the Medicine Man Technologies name all together. But I stated previously that I don't think Dye wanted Andy to get a hold of that name so Dye kept the name as one of the division operations to keep it under the Schwazze umbrella. Once Andy's deal is done, I would love to see Dye dump the Medicine Man Technologies name finally. All the Medicine Man name does is cause confusion in my opinion.
So this news should make it official that AW has been the big seller of SHWZ stock because it would be a conflict of interest to do this deal with Columbia Care and still own Schwazze stock. If the selling pressure stops tomorrow then this should confirm it.
Unbelievable that AW got a buyout of $42 million for his company. With what he got from the beginning of MDCL shares (now SHWZ) and this new buyout, he made out very well overall.
Railrider, thanks for the chuckle. I can't wait until tomorrow when you ask if it's Thursday yet!
You are still confirming my point, he is showing great restraint by not stepping up. When you are one of the big boys, you don't care about a penny or two because you want size especially when it is available.
The sellers are still selling but are not coming off their price. The buyer should step up and grab them in my opinion. My personal thought is that the buyer is bigger than the two sellers but has incredible patience.
Right now boring trading and we will probably be this way for a bit longer without some kind of news.
Great to have this strong base on the downside. The stock is definitely coiling up for a run to the upside. Just of matter is not if, but when will it happen.
If the INTL buyer is a big player, he is showing great restraint to not be grabbing 5,000 at $2.54 and 15,000 at $2.55 since he was paying those prices last week.
The way it is trading (or should I say lack of trading), I am expecting some kind of major announcement with the next month. It is almost like a quiet period before some kind of announcement comes.
I was feeling kind of excited about a breakout to the upside a few weeks ago with all those buyers, now just disappointed but no disillusioned.
Still think there is some really good things to come.
Stevenrisk, glad to hear you haven't lost your mind. It definitely has been a dead chat board after much stirring conversation. One of the reasons that I have been basically silent lately.
I will do a final week wrap up now.
I stated a few weeks ago that the market was consolidating due to the many great earnings reports and that we are in an upward mode. Since my post about 3 weeks ago, the market is still consolidating and continuing that slow upward movement. It is a slow and steady climb with no catalyst to break out yet. The REDDIT crowd of AMC, GME and others are the focus of the market at this point but I expect that to end in the next couple of weeks and the market to return to the fundamentals of investing in stocks and a refocus of investment based on earnings/valuations will take place. The REDDIT focus of the MEME stocks will end because they aren't worth what they are trading at. There are so many uneducated investors in those stocks it is scary. Somewhere along the way, some of the retail MEME investors are going to get burned badly. I want to see the little folk make some good cash, but so many of them just buy because what someone says on a chat board and are listening to stupidity. I pray they don't get burned too badly because I like seeing retail investors causing such great change to the stock market so the big boys don't control everything.
Now onto the most important issue of SHWZ. Dye continues to pull off incredible deals. SHWZ has to be one of the most undervalued stocks in the entire market. The selling pressure is either coming from an ex-insider(s) or naked short selling. Once they become an ex-insider, they don't have to file so there is no way of knowing it is them. If it is naked shorting, we need a catalyst(pizazz) announcement of another acquisition or the FEDS legalizing cannabis to get us out of this funk. The next earnings report is too far away so if it is neither of the other issues, we will not move significantly at this time. Either way, we have a great base here at the $2.50-$2.55 level and with one of the big boys (INTL) slowly buying it up, we are in excellent shape.
I have been a big proponent of SHWZ joining the MSO crowd. Many of the other cannabis companies have been adding to their holdings in multiple states and that is the way I think the sector is trending for earnings appreciation. The Canadian cannabis stocks can't seem to do anything right and get any traction, but the market seem to love the USA cannabis sector. The only reason we can't seem to get any recognition is due to the fact that all the USA cannabis stocks are listed on the OTCBB. If they were able to list on a major exchange (NYSE, NASDAQ) then they would be roaring. Dye is doing a great job and I believe that is the way he is trending toward an MSO status sooner than later and wouldn't be surprised to see some kind of announcement in that fashion in the not too distant future. Just my opinion.
While we have a quiet chat board here, I do miss the conversations that everyone brings but it is just the sign of the times right now. So until the next catalyst comes, enjoy that we are holding the current price with some strength on the buy side and look forward to our portfolio growing. If we get any buyers with some aggression, we could see the price breaking the $3.25 high without much resistance but I am not expecting that without some major announcement.
Stevenrisk, seriously? For a investor that does incredible due diligence, you are having a hard time figuring this out? To put it simply, we have more buy interest than sell interest is as simple as I can explain it.
Have a great weekend and be glad that we are in a very slow uptrend.
Not saying for sure but OTCX seller could be done. OTCX is offering 5,000 at $2.65 which has been around for weeks so that could be a stray offer.
Wouldn't go aggressive yet to buy if you are interested because he could just be in hiding currently but realize we could finally be setting up for a run to the upside.
The INTL buyer is showing great patience but if he gets aggressive and takes the $2.60 offer and the OTCX seller is done, then a run to $3.00 could happen quickly.
Yeah some funny responses.
How did I get mentioned in that article?.....LOL