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I long for the day to see 500,000 shares trade again. At least I am getting a lot of sleeping done watching not only SHWZ but the entire market.
We could be in this volume funk for a few weeks so go work on your golf game and your handicap.
Hope everyone is doing well and staying upbeat.
Concerning today's virtual roadshow broadcast, some takeaways to consider:
1) Kudos to Dye and Huber realizing that SHWZ is extremely undervalued and trying to get the word out. I think we will be seeing many more virtual road show appearances to continue to make sure the public is aware of what SHWZ has accomplished in a short amount of time. Hopefully with COVID cases dropping, they can actually go on the road and do in person conferences which usually bring in more interested investors.
2) Great comment from Huber basically stating that SHWZ is a brand new company since March and then Dye affirming it. This is practically true since the Purplebees, Mesa Organics and Starbuds deals getting finalized.
3) Except for the possible upcoming acquisition that was mentioned in the conference call last week, I don't believe we are going to see anymore acquisitions really soon because Dye basically came out and stated that he feels the stock is undervalued and doing any additional deals with the stock at the current price will be too dilutive. He realizes that is important to get the stock price up which could have companies banging on the door of SHWZ to make a deal due to the appreciation that would be taking place.
4) The mention of possibly growing to 100 stores in Colorado states how robust the market is in Colorado and what can be achieved there. There were a few hints about the future and possibly becoming a MSO somewhere down the road but I think Dye really has a grasp that SHWZ could own Colorado in a near term time horizon before moving out of state.
5) With Curaleaf buying Los Seunos today for a total price of $67 million shows how desperate the bigger players are for growth. SHWZ's deal with Los Seunos was for $12 million and they passed on it. Now that could have been due to one of three things. In 2019, Los Seunos lost $7 million due to crop loss from weather issues or Dye didn't believe it was even worth $12 million or DeGabrielle wasn't going to do the deal because he was close to AW and Dye kicked AW out the door.
6) You can see in Dye's demeanor that his is enjoying building SHWZ into a cannabis powerhouse like he did at Albertson's. While there was no mention of SHWZ getting a takeover bid and the way the big boys are buying up other cannabis companies, could we realistically see a outrageous takeover bid for SHWZ sometime in the not too distant future? Could Dye pass on such a move? Just something to ponder because this industry is growing by leaps and bounds and the USA cannabis companies are on fire.
Finally, I think the analyst Joe Gomes is going to be pushing SHWZ's stock with reevaluations and upping his price target. Since SHWZ is so undervalued and not receiving the coverage it deserves, he could put his name on the big time map in the cannabis analyst field. It is nice to see someone realizing the potential of the company and have the platform to do it.
Everyone have a goodnight and hopefully tomorrow will be a green day.
In 2019, a storm hit Los Seunos and cost the company $7 million. I also found that the original deal to buy Los Seunos by Schwazze was originally a $12 million purchase price. So did Curaleaf overpay?
One other thing to ponder, since Bob DeGabrielle was an ex-insider and ex-board member, is he the one dumping shares to divest of his SHWZ holdings to be able to complete this deal with Curaleaf? Could today be the washout of selling before we get a reversal?
First, Curaleaf was founded by Bob DeGabrielle, a previous board of director with MDCL and one of AW's close friends so this deal wasn't going to be resurrected again with SHWZ.
Here was the original press release from MDCL when the deal was first made
https://www.otcmarkets.com/stock/SHWZ/news/Medicine-Man-Technologies-Inc-Announces-Entry-into-Binding-Term-Sheets-for-Two-Strategic-Cannabis-Acquisitions?id=230645
In my opinion, I think Dye wants to stick with mainly indoor growing facilities to fund growth. I think he doesn't want the effects of weather/environmental issues possibly affecting future crops which could severely effect the bottom line in the event of a bad weather growing season. Growing indoors can protect the crops and assure you have enough product to meet the demand. Just a guess on my part because Dye seemed to let a lot of the outdoor growth acquisitions expire. Could be because of what I am guessing or it could just be because the expired deals weren't accretive to earnings. Los Seunos is mainly an outdoor grower but does have some indoor growing facilities.
Curaleaf is paying a total of $67 million for Los Seunos which seems like a lot. But it is hard to evaluate these deals everyday because of the consolidation in the cannabis field.
One of Schwazze's old terminated deals getting grabbed up by Curaleaf
Curaleaf to Acquire Colorado-based Los Sueños
Press Release | 05/17/2021
Curaleaf to Acquire Colorado-based Los Sueños
Canada NewsWire
WAKEFIELD, Mass., May 17, 2021
Transaction provides Curaleaf one of the largest outdoor cannabis cultivation facilities in the U.S.
Highly efficient outdoor grow capabilities enhance Curaleaf's presence in multi-billion dollar Colorado cannabis market; builds on strategy of constructing low-cost supply chains that will be critical with eventual interstate commerce
WAKEFIELD, Mass., May 17, 2021 /CNW/ -- Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer products in cannabis, today signed definitive documents to acquire the Los Sueños Farms and its related entities ("Los Sueños"), the largest outdoor grow in Colorado. This will significantly expand Curaleaf's Colorado presence, vertically integrating in the state with large-scale outdoor cannabis cultivation. The proposed transaction includes three Pueblo, Colorado outdoor cannabis grow facilities covering 66 acres of cultivation capacity, including land, equipment and licensed operating entities, an 1,800 plant indoor grow and two retail cannabis dispensary locations serving adult use customers.
Total base consideration for the proposed acquisition is approximately $49 million for the Los Sueños operating companies and $18 million for the real estate and farm assets. Total consideration of $67 million to be paid 61% in Curaleaf subordinate voting shares, 29% in cash at closing, and 10% in assumed debt maturing in five years. Additional contingent consideration of up to $8 million in stock will be paid based upon operating cash flow-based targets for 2022.
Boris Jordan, Executive Chairman of Curaleaf, stated, "The acquisition of Los Sueños provides Curaleaf with outdoor cannabis cultivation expertise at commercial scale and establishes our foothold in the $2.2 billion Colorado market. This deal furthers our strategy of constructing low-cost supply chains that will secure healthy margins and position us for interstate commerce when it comes. Ultimately, our goal is to cultivate cannabis at less than $100 per pound, and this acquisition is a significant step in the right direction."
Today's announcement complements Curaleaf's existing Colorado presence through its Select brand. Select is known as America's #1 cannabis oil brand, with a variety of best-in-class cannabis products distributed to nearly 2,000 locations across 18 states.
Joseph Bayern, CEO of Curaleaf, commented, "The acquisition of Los Sueños will add over 50,000 pounds per year of low-cost wholesale capacity to Curaleaf's footprint in Colorado, which we intend to double to over 100,000 pounds, representing a significant market share. As the largest producer of biomass in the state, this facility will also fuel the further deployment of our Select product line, which can already be found in 230 independent dispensaries in the state."
The proposed transaction has been unanimously approved by the Curaleaf board of directors and is expected to close upon regulatory approvals.
Virtual Roadshow with SHWZ
This coming Monday, May 17th at 1:00 pm eastern
Click the link below for details
https://www.channelchek.com/news-channel/Channelchek_Virtual_Road_Show_Series
Drugdoctor, the charts don't matter at this point. Using all your incredible charting these past weeks we should be in the $4.00-$5.00 range based on what the charts were telling us previously and yet we never broke the 52 week high ($3.25). We are now in the evaluation phase for SHWZ now that the current acquisitions are completed.
The Global Cannabis Stock Index is mostly those Canadian cannabis companies that are heading into the abyss because they aren't making any money. Unfortunately, they are bringing down the USA Cannabis stocks because it is the only barometer to use regarding cannabis stocks right now.
Railrider just found a new ETF with USA cannabis companies only. This ETF just started and on line 29 (link below) you will find that Schwazze is a small holding of theirs (but listed as Medicine Man Technologies). With this fund just starting, I think we will see this fund take a bigger position in SHWZ with the new growth revenue numbers. This fund is going to be the benchmark for me using looking forward with the cannabis sector. Great find, Railrider!
https://etfmg.com/funds/mjus/
Scroll down and click on "Download all holdings" to see the spreadsheet.
I get it, but my response was to In Plain Sight who was commenting why hadn't Gnomes come out and said or posted anything about the earnings right away. SHWZ's business model is growing and changing so fast it is hard to get an exact handle on earnings because just when you sit down to do the numbers we have more acquisitions to consider into the mix.
I was pleased with the numbers overall and will be patient to watch the company grow and reach a share price that should justify a proper evaluation. In my opinion, SHWZ is definitely undervalued and believe $5.00 should be the price range it should be trading currently.
Earnings came out late on Friday.
($-.02 this quarter vs $-.05 last quarter)
https://www.sec.gov/Archives/edgar/data/1648903/000147793221003170/fifg_10q.htm
I believe it will more likely be on Monday.
In Plain Sight, thanks for your contributions and research. I appreciate all views and many of us can look at any sentence and come to a different conclusion.
I am really looking at revenue growth as my catalyst with shrinking/or no losses. With the tax code being what it is (cannabis not legalized), having a very small profit margin would be nice so I don't want high profits because the FEDS will take a big chunk. When legalization finally happens, then the profits on the P&L will matter greatly. I like that Dye wants to grow the company through acquisitions that are profitable and accretive to earnings. So the company continues to grow profitably but the acquisition write offs keep the tax issue at bay for the time being.
Drugdoctor has been a great ambassador getting the word about the company out there. Personally, I would like to see him tone it down a bit to once or twice a week instead of everyday. It is just my pet peeve because it just reminds me of penny stocks everyday getting pumped without any substance and I think it makes SHWZ look like a penny stock. SHWZ is a quality company that doesn't need pumping, it just needs the financials which are falling in place. It will get noticed eventually (sooner than later) and then the big money will start to come after it. But I respect Drugdoctor's enthusiasm and hard work along with being a valued contributor here.
Based on some comments today on some chat boards by some unfamiliar names, you would have thought we would be rocketing up but we are not. This doesn't surprise me with the "buy on the rumor, sell on the news" mentality. Like I have been stating the past few days, I believe the disconnect between the USA and Canadian cannabis companies is coming. Just today, GRWG got a couple of "buy" upgrades while ACB got some "sell" downgrades. The USA cannabis companies are where you want to be and SHWZ will be in the conversation going forward especially now with the revenues numbers they are putting up.
I think it bodes really well that Dye upped the lower end of guidance which makes me believe we are going to have even a better 2nd quarter than expected. If the acquisitions take place, it might be hard to make an apple to apple comparison due to the constant changes to the additions, but I think the growth numbers will be extraordinary.
I know that I have had a positive outlook on SHWZ and have made my feelings felt here. Some have questioned my consensus and I welcome that because it just makes me work harder at researching this company. Analysts like Joe Gomes need to review his numbers before he would make a comment about his predictions. He doesn't get the financials before the earnings release or the company would be in violation of SEC rules so he sees them when we see them. I wouldn't be surprise to see Gomes upgrade SHWZ after these numbers yesterday but I don't believe any upgrades will come before news of some additional acquisitions first.
We might see some price movement in a more substantial way beginning next week. Some big investors will probably do a more detail research into the company over the weekend before deciding jumping on board.
I still see SHWZ as a future $50.00 a share stock sometime in the distant future unless legalization comes sooner or maybe a big takeover candidate by one of the bigger players. Just my two cents and hope everyone has a wonderful weekend.
Everything I was expecting and more. I have been saying that Dye has a much bigger plan than we were expected to believe and he all but confirmed that with the news of possible future acquisitions (with one practically done) in the upcoming weeks. Already has $5 million set aside for the one acquisition but having $23 million cash on the books to get more deals done.
Personally, I am getting more excited with optimism every earnings report and really believe this will be a $50 stock with this earnings growth by the end of 2022 (maybe sooner) if the FEDS legalize cannabis sooner than later.
Will be able to sleep well tonight knowing how undervalued this stock is and will just be patient to see all the fundamentals begin to move this stock price higher soon. And like I stated yesterday in a post, I believe a real disconnect is coming in this cannabis sector between the USA cannabis companies and the Canadian companies. The Canadian companies are taking it on the chin and can't gain any traction regarding earnings while the USA companies are killing it.
We definitely have a winner!
Based on the size of Aurora Cannabis, Schwazze just kicked their butts on earnings. SHWZ is heading places with growing revenues while ACB revenues keep shrinking and is going down the tubes.
Just doing a quick review, very please overall and I like that Dye is already raising the lower end of guidance for the future.
We are in a good place currently and could see some price appreciation from this report. Still need some patience and hope we get legalization from the FEDS soon and then we really take off.
Looking forward to hearing the conference call.
Here are the earnings
https://newsfilter.io/a/01b138d699043deb546a99b0e28c4c19
Trulieve announced great earnings today, SHWZ is next!
Trulieve Reports Record First Quarter 2021 Revenue of $193.8M, Net Income of $30.1M and Adjusted EBITDA of $90.8M
Another great earnings by a USA cannabis company like I pointed out yesterday. Dye needs to come through and then we are off to the races.
With the earnings report coming tomorrow, here are some thoughts to ponder.
The market has a herd mentality that is the trend is your friend. This has been very obvious for the past year with many new young traders getting invested in this roaring bull market. It is so easy to make money if you follow the hot hand because today's highs are tomorrow's low. But that cycle has been on pause the past few weeks especially in the tech stocks and now many are perplexed because their rational for buying a stock is now no longer working. Even big hedge/mutual fund managers follow the herd because they fear the wrath of their CEO's or customers and all jump on the bandwagon together when buying or selling.
So what does this have to do with SHWZ? The most important aspect of owning a stock are fundamentals and with excellent fundamentals come earnings. Without earnings, your stock and company aren't worth much. We are at the cusp of what we are expecting to be a major breakthrough for SHWZ and a changing of the guard in the cannabis industry and SHWZ being a leader and trend setter for the future in the USA cannabis sector.
The cannabis sector has been in a funk for quite some time and it has been a frustrating time for SHWZ holders. The problem is that SHWZ and all the other USA cannabis companies can't trade on the major exchanges due to the lack of legalization so the big boys usually can't/don't buy them. The Canadian cannabis companies are bleeding cash while the USA cannabis companies are really turning the corner and will be the prime leaders for the future. The earnings on some of the USA cannabis stocks this week have been very impressive. SHWZ is trading at an extreme discount to its peers (meaning USA companies, forget the Canadian companies) and if this earnings report comes out within expectations, SHWZ will begin the adjustment to catching up with the sector.
With an excellent earnings report tomorrow, we might not even see an immediate strong move up because of the "sell on the news" rational and some of the really smart value players trying to hold it down so some panic sell and get gobbled up by the smart money.
I believe in the next few months we are going to see a disconnect of the USA cannabis stocks prices climbing and the Canadian cannabis stocks going lower. If we get legalization of cannabis by the federal government then the USA companies are going to explode to the upside. I have learned never to trust the politicians, but with the Republicans introducing a legalization bill coming tomorrow we might just get that surprise or at least favorable language that something will happen soon. If legalization does come, the big boys will be coming after SHWZ and the USA cannabis companies with all they got and I believe they will start dumping the Canadian cannabis stocks.
So keep your fingers crossed that Dye will come through as we expect, be a little patient and I believe we are going to finally see the results that we have waited long for and get the stock price moving upward. I hope to see a lot of exciting posts here starting tomorrow. Best wishes to all SHWZ holders!
I believe there is a lot of bad blood with the ex-management team when the company was MDCL. While Dye kept the deals that were profitable and accretive to earnings (Starbuds, Mesa, Purplebee's), I think he wanted Medpharm badly also but with AW holding a great percentage of that company along with his cronies, they weren't going to let Dye have it.
I recall the dustup when AW left SHWZ, when it was still MDCL. You will recall the reaction of MedPharm CEO Albert Gutierrez stating on a LinkedIn post.
"Pride, arrogance, a lack of emotional quotient, and not taking time to foster relationships will put you in a bad "place" in business."
It was a comment liked by Josh Haupt and may have been the catalyst for his departure.
This was the issue with AW and all those deals, they believed their friendship and relationships were going to lead them to the pot of gold. But it comes down to business is business and you need cash to make that happened and most of those acquisitions were bleeding cash and MDCL didn't have the cash to make it happen. I wouldn't be interesting in foster a relationship that wouldn't improve my business, I would sever it and move on. Dye did just that and he pissed off the ex-management team.
So it wouldn't surprise me that this was a statement to the ex-management team and Dye just needed the time and getting the right new personnel in place to make it happen but knowing without a R&D division he wouldn't be able to move the company forward in the way required.
A lot of great observations, research and comments here today. Many of you know that I have been 100% all in on SHWZ and what has been happening here. When Dye came along, I did a lot of dirt digging on him and was so impressed on what he has accomplished in his career. When his appointment to become CEO was finalized, I had no doubt what SHWZ could and would become. Now we are getting closer than ever to be one of the leading cannabis companies in the business and the future looks brighter than ever.
We have had some great conversations and debates here on this forum but the one thing we had was that we were looking out for each other. For all of you with the kind words for me these many past months, I thank you. For those whom were skeptical of my theories and ideas, I thank you also to keep me grounded to keep reviewing my thesis on what was happening with SHWZ.
While today's announcement of a R&D division caught me by surprise, I think it is the final stepping stone to grow the company in a big way and will lead to becoming a MSO sooner than we realize. In my eyes, Dye has his eyes on something much bigger than he is leading on and wants to become the most profitable cannabis company in the business.
And I do not see any collaboration with Medpharm and the new R&D division because AW still is a major shareholder in Medpharm and I believe there is some bad blood between AW and Dye so no working association will ever happen between the two companies in my opinion.
Definitely an interesting and surprising morning of news so far.
Too early to fully digest all the details of what is happening, but I am sure we will get a better picture on Thursday afternoon.
A couple of observations from what I can only assume:
1) I don't believe Dye would have moved forward with this new subsidiary unless he sees it becoming profitable quickly or has some other kind of deal with a pharmaceutical company in the proposed works. Dye has been adamant above deals being accretive to earnings and not losing money so I don't see how would this be in line with what he has been saying if it is going to bleed the company of cash. The other interesting comment was about the research being for consumers but for pets too. I believe that the medical aspect of cannabis is a huge opening in the business world and maybe Dye sees a pathway to get there quicker and profitable faster than we realize.
2) Concerning Medpharm, I personally always wanted Medpharm to be part of SHWZ so I am glad to see that this new R&D division would be addressing the medical aspect of the business. The Medpharm deal announced today with the state of Colorado, is to test the potency of the cannabis sold at all the retailers in the state. So while it brings some revenue into the Medpharm company, it sure doesn't look like it will be a major money making operation. Since AW is a shareholder in Medpharm and he was instrumental in helping getting legalization passed in Colorado, this might be an olive branch from the state to the company since AW wasn't able to take MDCL to the heights he had hoped before Dye came along to take over the company. Just a wild speculative guess about that from my part.
We should see an earnings announcement either this coming Friday or Monday. I think we could see a profit which would be a fantastic breakthrough especially if the Southeast Edibles brand is doing well.
For the past couple of weeks I have been stating that I think a surprise news announcement was coming, just a gut feeling. But I never would have imagined that a new subsidiary for R&D was going to be it.
It will be interesting how the cannabis sector takes this news and how the stock will react today with the stock market looking ugly at least for the opening so far and we still have earnings coming on Thursday. An exciting and surprising week for sure.
I should have clarified that Harvest did $88 million for the quarter, projected yearly revenue is close to $400 million.
Harvest Health & Recreation got a takeover from Trulieve today for $4.79 a share (up from $3.58). Harvest's revenue was $88 million and has 248 million shares outstanding. Trulieve is definitely one of the most profitable and best cannabis companies in the industry (Schwazze will be right up there with them after this year) so the Harvest shareholders should be pleased.
Just a thought, what does that make Schwazze worth based on valuations? Something to ponder with the earnings coming up on Thursday.
Going to be a exciting week!
One of two reasons, someone had a few bucks in their account and with the price being this cheap just grabbed a few shares or the more likely is some big holder wanted to mark up their portfolio to end the week to a higher evaluation. The seller at $.1981 (30,000 shares) disappeared on Friday. The question is did he reconsider selling or is just lurking for a buyer to step up and then whack him. Time will tell.
Could my prediction of SHWZ going to a MSO level actually be in the works? I really believe this is coming sooner than we think and believe this is going to be a surprise to many and scare some of the big players in the industry. Can’t wait until Thursday.
Well a week from now we will see a true picture of what we have been waiting for. On Thursday, do we see incredible earnings and revenue to be the catalyst for our upward movement? On Friday, do we get a possible acquisition announcement?
Anyway you look at it, we will be waiting in anticipation and Thursday can't get here soon enough.
Wishing everyone a early great weekend and a Happy Mother's Day to all those wonderful Mom's out there.
Ain’t that the truth. My only issue is to try to stay diversified and not have all my eggs in one basket. I believe we both have more than enough shares but the temptation to grab a bunch more is there.
Lazur,
I agree with much you said. My point about a national brand is that there are Starbuds already in other states so that would be the first step in getting there. I know there are many hurdles to overcome to become a national brand and that legal federalization would have to come first. So SHWZ can first become a MSO and prove a national concept there first in the states which the other Starbuds exist.
I am looking at a really big and at this point hypothetical thesis with my comments. I love the chat board because we have great respectful and constructive conversation so I am just putting my thoughts out there on what I believe is coming (timeline unknown) so I am not interested in the small stock price moves (trading range). Am I tired of the share price going nowhere right now, you betcha. Someone is really trying to put the screws to SHWZ, but all us believers must not panic and hold firm. If someone is shorting it, then we need to put GTC orders in on the sell side way up higher so they can't borrow them to short it.
Finally, with you comments about cannabis becoming available in grocery stores, liquor chains, etc., whom better to make that happen than Justin Dye who has all the expertise in these chains of distribution. There is no other cannabis company in my opinion that has the leadership that SHWZ has to get that done in a constructive and profitable way on a national level. Dye's leadership is making SHWZ become the leader in the cannabis field in Colorado.
So I appreciate your feedback and thoughts and look forward to others chiming in. Wishing good thoughts and keep your spirits up.
Stevenrisk, on a quick break from my day’s activities so I will respond to your thoughts this way. Right now SHWZ is still too small of a company that has any big time institutions looking at it currently. If the earnings explode, so will the price and the higher evaluation will attract some of the bigger institutions. So I understand your thoughts about bigger players wanting to get involved so no disrespect intended by my comments.
Now if Dye does expand the company in a way that I have a far fetched idea of, then I think he could issue shares at a higher evaluation which I think they would need the cash to make it happen and that could draw the interest of a secondary offering from the bigger players.
I am ok with some dilution of the outstanding shares as long as it continues revenue/profitable growth and that has been Dye’s thought process. Too many of these cannabis companies are issuing shares just to stay afloat and are not currently or will be making money in the future. I am always looking for companies that don’t depend on selling shares to survive.
Please don’t take any of my responses personally because they aren’t meant to be. When we respond on these chat boards I am sure we have a lot more things going on in our heads (I know I do) but never express because it would be like writing a extremely long book like War & Peace. We all try to consciously get to a point in a quick manner to state what we feel.
Well heading out again and look forward to yours and others thoughts.
Stevenrisk, you wanted some thoughts so here is mine. (My figures are going to be approximate estimates because I don't have the time to go through all the financials to get it down to the exact nitty gritty).
I am perplexed what is your angst against management having so much percentage of the stock? Dye personally or his company in the past year has put up about $35 million cash to keep this company afloat and make the acquisitions happen. Now taking in consideration that at the last financials that there are 42 million shares outstanding at a price of today's $2.38 a share make the company valued just above $100 million dollars. So Dye has at stake a 1/3-1/2 valued interest in the company. Dye is not here to invest $35 million to double it and make just another $35 million. The man is exceptional at what he does and at a $50 a share evaluation (which I believe is attainable within the next 2-3 years) that would equate to over $1 billion dollars for him with the preferred shares being converted.
If a $50 future share price scares aware institutional investors, then they are morons. Owning a stock that goes from $2.50 to $50 makes you a hero fund manager. With Dye controlling so many of the shares, I don't want more outstanding shares because it makes those available more valuable which makes us richer. Stocks with lower share floats rocket once the financials come through with profitable evaluations.
I agree with you about the speculation about the acquisitions not happening is hogwash. They already are signed deals and done with and if the stock is tanking about the next deal not being done yet, then that is stupid because I have my own speculative theory on what is going to happen (and it is all just guesswork).
I have been stating that I believe a surprise is coming. Now that wild guess to me can be one or two things listed below:
1) Dye has been saying that he plans to stay local, but I believe he is planning to go to various states (MSO). If the next earnings/revenues report is what I think it will be (taking away any write offs), it should be great. Schwazze already is the leader in the Colorado market and is killing it there. Dye can only continue sustained growth if the company goes multi states. Schwazze will own the Colorado market and his expertise in running national companies will play a big part in what the future plan is. With the Starbuds name in some other states and Jamaica, the branding is already there. Dye is proving himself to be one of the leading cannabis CEO's in the business and that is with him just learning the business in the past year.
or/maybe both
2) Dye is planning to make Schwazze a major grower of cannabis. Dye along with COO Nirup Krishnamurthy and Director Jeff Garwood also own and run a company in Florida called: ripKurrent (www.ripKurrent.com) This company specializes in climate control technologies which could correlate with Josh Haupt's Superfarm techniques. With the technology of ripKurrent and their climate control specialization, Schwazze could become a giant in the indoor grow field of cannabis. Concerning ripKurrent, Dye is the CEO, Nirup is the CIO and Garwood is on the advisory board. So in addition to this company and their Albertson's experience, this management team is first class.
I have no idea if either of my speculative ideas will come to fruition, but like I have said, I have been studying Dye and this group of management which is an incredible bunch and why I am so positive on SHWZ. I am willing to bet that I might be the only one here to have done this kind of research on the management background.
One last thing is while I am a big fundamental investor, sometimes fundamentals don't mean a thing. Just look at Gamestop or AMC, if you bought it on a evaluation basis then you would be lying. Sometimes you just make money on a hunch, emotion or just plain luck. I believe that SHWZ will make an incredible run not only on the fundamentals but a emotional basis because so many will have been pissed to miss out owning this stock at the current price and chase it big time.
Anyway people can agree or disagree with me, that is their choice. I always look at things in a different perspective than many so my ideas may sound crazy to some. At least, you know where I stand now. I will be gone all day tomorrow so I won't be able to post anything further until I come back. Wishing all SHWZ shareholders much future fortune.
LOL, now that is a funny one! Good to have a sense of humor when it is trading like this.
Two weeks ago we had some big buyers at this level and I believe they are lurking and not showing bids so they can pick off the sellers who keep coming down a little bit everyday. I think we will soon see a big trade to take out the sellers and then we will head upward.
This is one of the hardest stocks to read and figure out for trading.
I believe this could be one of the biggest surprise OTCBB micro cap stocks by the end of the year.
Gunning for the sell stops now
Man the lifeboats, watch out below!
I am not saying for sure if they will or they won't take it below $2.50, but sell stops are usually placed in higher volumes at the $.00, $.25, $.50, $.75 levels so that could happen. Also looking at the charts, the $2.50 level is a key level so there could be a big demand of buyers at this level so the market makers might not want to let it get taken out. They know better than anybody because they can see what they have in their system to decide if they want to let it go there or not. We won't know until it is too late so if you want some cheap stock it is best to have some bids out there.
Here is my contribution for the day, get your lower bids in if you want some cheap stock because the market makers are going to try to take out the sell stops at most likely $2.50 or lower before the chance for a major reversal.
Hope it doesn't go lower but the odds are likely unless there is a big buyer at $2.50 which we can't see yet.
Thanks, I am not going anywhere just chilling a bit.
Stevenrisk, no need to worry about comments coming my way, I am a New Yorker so I am tough skinned and used to tough debates.
On some of the issues:
Of the market makers, if they can control the spread and have all the trades take place inside their spread, the stock price won't ever move significantly until you either get a really big buyer or seller which will force them to abandon the range. They don't have to show their entire size so you never know how big or small the buyer or seller is. VERT is a key player in this game while all the other market makers usually show some significant size which moves the stock. This is so frustrating because we get no stock price movement and I am just getting tired of waiting for SHWZ to trade at what I believe should be a stock price showing true value (which I believe is closer to $5.00). I worked in this business all my life and made my lively hood from it so I am not rambling nonsense.
On the direction of stock price, I have had an enormous amount of success in my past to see/feel a significant move upcoming. I might be a little early and look foolish for a bit when it doesn't happen right away, but a great majority of the time it has worked out. I am always right, ABSOLUTELY NOT, but no one is in this business. Concerning SHWZ, I see/feel something more than a upcoming earnings/acquisition press release is going to move this stock in a much bigger way than we are anticipating. Who is selling this stock (like yesterday), I don't know and I can only speculate who it could be and why. But whomever it is, is making a big mistake in my opinion.
I have stated before this is one fantastic chat board of individuals and I don't believe in bashing anyone. I don't always agree with others actions on chat boards and maybe some of their ideas, but diversity does create information and awareness which can be a wonderful asset and everyone here has given a great set of eyes in looking at SHWZ.
So I am still here and watching everyday because I believe this will be one of my best investments ever. As I stated before, I was never much of a chat board poster until JD came on board of SHWZ because that was when my excitement for the company really solidified and wanted to be part of the conversation. So I will contribute when I believe I have something important to add but probably won't be doing just the everyday chitchat.
Look forward to your postings along with everyone else and hoping to see a great year ahead for us SHWZ shareholders.
GoldRu$$H, thank you for the kind words. I am just going to sit back and watch for the present time. If I see something that others have missed concerning some kind of news, then I will post. There is a great bunch of researchers here so I am sure fluid information will constantly be present so you will get great updates.