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Still playing, now more overseas/ops, and more and more a lesser input and "retired" (per se).....have handed off and delegated quite a bit and now contemplating a residential move to reflect those changes. Company and holdings now pretty substantial as we started having equity in most clients, and continue to do so. Right now about 50 new projects on the table and 10-30% interest in all of them on top of fee's, and doing quite a bit of hiring to fill all roles needed to take on the additional workloads.....Most U.S, some overseas, mix of dispo and cultivation. Markets (for resale of licenses and ops) still healthy...
Company relevant, very interested to see what Morgan does moving forward. Won't guess as would be speculation, but again, I certainly wouldn't bet against him...He's got a track record better than anyone here, so LOL....I think he'll do extremely well with anything he does, as he always has.....
How tiring it is to stop in and see the same old nonsense....
And at this very moment my inbox and feeds are filled with marketing pieces and statements from numerous companies nationwide on the quality, quality control, and assurances their vape products are safe and Vit. E free, and hurry in for their Veterans Day Sales lol. (We have many going on today as well of course)
No different from any recall per se of any product in human history.
Nothing stops the consumer train ;)
I believe I heard not too long ago (outdated now) CA concentrate/vape market alone (only CA) was passing $100MM a month....
As I said...haven't even noticed a dent on the street for the most part, and every day rebounds even stronger than before...(meaning people asking about it less and less at the registers lol)
Well, we have known for the most part it was the Vitamin E, (in general, industry) but this is further CDC clarification after a wider sample of tests from affected victims. Of course, cannabis opposition desperately wanted it to be linked to cannabis products....oh well. lol (users affected were both THC products and non THC products)
As with any market related matter, the wind blows and starts a stampede, so I would assume quite beneficial to KSHB.
As stated, knee deep in industry ops and we haven't seen even a dent. Have some people been worried? Sure.....they talk and talk about it as they're buying their cartridges cashing out at the registers lolol.
I would also agree it has now become a talking point for pro/regulated and taxed cannabis;
Regulated and Taxed provides tested and safe products vs. black market which "As we have now clearly seen, can even be life threatening". (We actually used that in a meeting just this week with officials and some opposition groups in the Eastern U.S)....."See what risks the black market presents?...Taxed, regulated, and tested benefits the communities as well as ensures the safety of the public" ;)
Textbook definition (market) of a knee jerk reaction and unjustified stampede...which I am sure will represent significant opportunities well into the future...
Personally, I think they're going to break through the 250MM 2020.
Generally, yes, and far be it from me to pass judgement based on such, but what has fascinated me is they put immeasurably more effort into painting an inaccurate picture that devoting the same amount of energy towards becoming that very picture.
Everyone's the biggest, everyone's the best (IL operators), as they put out inferior product, reach the highest levels of consumer dissatisfaction, make no expansion efforts despite medical program rapidly growing and adult use gained traction.
Now their program (and operators/cultivators) cannot even meet minimal demand, (50k-60k purchasing patients) and are literally going to leave hundreds of millions on the table for adult use launch because they sat on their hands.
Supply and demand studies commissioned (and I agree) indicate they're about 90% short of production capacity needed to serve the IL adult use market.
Again, what has been displayed is a lack of performance never seen in the history of the industry.
Here's a fun PR;
Read this.....
Then the truth, which is actually it was a mandatory requirement for licensure contained within the bill passed months ago lol. (Page 77, Option 4) Many operators, dispo and cultivation are opting to do so lol, and stated the same months ago.
Illinois existing medical dispensaries were granted additional offsite licensing as well. Currently , out of the 55, only 9 locations are approved for Jan 1st. (with offsite, total able to serve the market is 110 locations)
But there's 9....for the 2nd largest adult use market in the nation lol..... at 5-10% of the cultivation capacity required statewide.
"Average" performance has yet to be seen in IL from any operator.
They're quite skilled at talking a good game. Unfortunately, they've been unable to do it. Similar to another IL operator (cultivator) who delayed their IL adult use cultivation site expansion efforts (2nd largest adult use market in nation) because the staff was too preoccupied with submissions for the Missouri medical application process lol.
Vaping issue was overblown and industry (legal, regulated) impact minimal, and new CDC statements and findings today.
Recent CDC laboratory testing of bronchoalveolar lavage (BAL) fluid samples (or samples of fluid collected from the lungs) from 29 patients with EVALI submitted to CDC from 10 states found vitamin E acetate in all of the BAL fluid samples.
CDC tested for a range of other chemicals that might be found in e-cigarette, or vaping, products, including plant oils, petroleum distillates like mineral oil, MCT oil, and terpenes (which are compounds found in or added to THC products). None of these potential chemicals of concern were detected in the BAL fluid samples tested.
This is the first time that we have detected a potential chemical of concern in biologic samples from patients with these lung injuries. These findings provide direct evidence of vitamin E acetate at the primary site of injury within the lungs.
As someone involved directly in numerous dispensary and cultivation operations in the U.S, we haven't skipped a beat or slowed down at all for the most part.
Carry on.
No, I'm not sure what your addressing.
Missouri licensing process is currently underway, with decisions expected and licenses awarded in December, but I believe will be delayed due to the volume of applications received which were in excess of 2,000 (23-2400 total?) which I'm sure the state did not plan on. Myself and associates represent clients with about 2 dozen applications in that process.
I'm familiar with cannabis company compliance in multiple states and have been overseeing such for many years, dispensary as well as cultivation. Myself and associates have also contributed to the language of several bills as well over the past 10 years.
Someone should ask Charlie B and Joe C (Cresco) about the letter they received from AGR yesterday (Thursday, Nov 7th, 3:42pm) and what it said and see if they will address it in public. (Confidential letter sent out from Bureau Chief to 48 members of management of the dozen or so cultivators)
Or maybe ask them about the recent changes in the states testing labs procedures which are now causing cultivators to fail a significant amount of tests for contaminants? ;)
Missouri is actually a fantastic program which I am looking forward to from an operators standpoint.
Earlier topic, "deception". The IL operators are the most dishonest and deceptive groups I have ever seen in the industry, nationwide since it began.
Love the play, made enormous amounts of money, and will again many times, but, I'm not blinded to who and what they are.
I wouldn't say that's accurate in the least.
I think your mistaken. I relayed how it truly is on the ground daily.
Some additional notes below;
What concerns me is the level of deception which they offer in their PR's.
I have seen it recently reported "630,000 sq. ft. in Illinois".
Per a report commissioned by adult use sponsor but mere months ago for the adult use supply and demand studies, it was stated per the Illinois Department of Agriculture (oversight of Illinois cultivators), the production space of all Illinois cultivators combined was 259,000 sq. ft, of which that is 20 cultivation facilities, most falling in the 15-30,000 sq. ft. range.
I have also seen it stated their production in Illinois I believe was "25% of the market". Cresco owns 3 of the 20 facilities, which, as above, fall in the lower range of footprints. They have also previous reported I believe production in Illinois of 30,000lbs, which is interesting as Illinois production as a whole has fallen in the 18,000lb range annually.
Anyone is free to cold call random Illinois dispensaries and make inquiries about Cresco products in stock, to which they will be answered there is no product, and no cultivators can meet any demands by dispensaries currently, despite the fairly low patient numbers (50k active purchasing patients out of 80k total)
One can also look further into expansion announcements and news in the state to find most cultivators are falling behind in their efforts, despite adult use to launch shortly to a market of well over 1MM purchasers, despite having several years to build out and expand, knowing of the medical expansion as well as the efforts to pass adult use.
One may also find if one was to seek such feedback numerous reports of their product quality rapidly declining as well, considered low quality by most.
I've done quite a bit of work in the Illinois market and have intimate knowledge of the majority of the above and the issues above disturb me, and is seen in several of the Illinois based MSO's that have emerged out of the Illinois medical program.
I've traded them since Day 1, had enormous profits, love the company as a whole (future trading opportunities) but do recognize the above and it's something to note.
Some additional points most are note aware of:
I think what people are missing is MM, along with several others have the built in monopoly/oligopoly in the Illinois market, which the adult use bill granting such will be signed today at 10am Central.
With the Pharmacann locations as well as the other acquisition, and the concessions the state has granted existing operators, this will give them 10 dispensary locations (5 existing, plus 5 additional off site) as well as 2 cultivation sites which have no expansion cap (Some expanding up to 700,000 sq. ft., etc), in the nations (current) 2nd largest adult use market, with cultivation shortages already built in to benefit existing cultivators expansion.
Sales begin January 1st.
Well, and an additional aspect which is truly confusing is many who are taking these actions the past 12 months still have handfuls of incomplete projects...such as the one company mentioned (58MM per, $300MM total) that has dozens of paper only locations yet to build out and open...(That they could have built out and got running for $200MM, etc.....)
Seems like everyone is shooting for the "biggest" title, but to date, the majority are all paper only holdings.....
"We're the biggest/one of the biggest"....
No. When you actually have the sites built and the doors open, then it actually means something, especially at a time when as we're discussing, those large collections of licenses being assembled could be done for "pennies".
All this tells me is every company doing so is going to need XXXMM more to actually complete everything and open.
Well aware of California market. Have built out and run multi ton operations there for 20 years.
My issue is the company after (clearly) displaying the ability to build such from applications and pennies with a greater competence than most would decide it's better for the company and shareholders to instead pay 95% more to do what they already have done previously for 95% less.
I don't think many truly realize what can be done, especially in California, for a price of, let's say, $20MM.
Based on the above, this makes absolutely no sense at all and next time I run into Batchell, I'm going to give him an earful. I'm very disappointed and they should be much smarter than this. I'm shocked to be honest.
You can put a team of 20 sales people on the ground for 12 months for $1MM.
You can create a brand (image) for $50k (could be more, could be less) in a month.
You can permit and build out an extremely large facility for $5MM and have plants in as quick as 4 months.
The moves the market has seen the past 12 months by many companies have basically carried 90%+ premiums over the value to simply build them from scratch, sometimes even more. One company's recent moves a $58MM per location and site valuation, another company's almost $30MM per location and operation.
These moves should be of great concern to people and one day in the future the market will react.
I want to explain why this greatly disappoints me...
Cresco's strength was their ability to proceed with primarily "organic growth" through state application processes as well as their ability to execute the very same operations with a higher degree of competence than most.
$1 Billion dollars to acquire distribution into 500 California dispensaries? That's called a sales team, and I myself would have been more than glad to undertake that engagement and target for $1MM or less, which would look like this: "Give me $1MM and 6 months and quality product and we'll get you on shelves. We just need the quality and pricing".
Bottom line:
Whatever was just secured and achieved could have been done within 12 months with $40MM or less.
I'm extremely disappointed.
Just my sound, reasonable, rational opinion as an industry operator. I've done well with them (trades and positions) and will continue to in years to come, but this was not a wise move. Brands can be developed by the dozens for pennies and a minimal team. Production sites can be licensed and built out for pennies per se.
"Buying" one's footprint at the levels the industry has seen is going to have a negative impact at some point in the future, which, on the bright side, should represent more amazing opportunities for patient and disciplined traders and investors.
I'm most curious and think the true bonus is product out of the Lesotho operation, given all the factors involved. Favorable climate, lesser regulatory, global export capability, low labor rates and build costs, all coupled with unlimited lower cost production and higher quality. Lesotho op is the goldmine.
It is truly a shame given the amount of time and content that has been dedicated to the cannabis industry and it's day to day workings nationwide here, covering literally the entire spectrum, that anyone would still have such a tremendous lack of understanding of the most basic components of any business actually..
It seems many still do not have an understanding of commercial property matters within the industry nationwide.
We have addressed time and time again nationwide leasing for retail, as well as west coast.
Here's a glimpse:
A recent bidding war for a decent 1,600-square-foot storefront on the Westside of Los Angeles ended at $35,000 per month, he said, or about $22 per square foot. That’s a high retail rent for the area.
We have touched on property listings from Northern California for cultivation warehouses in the $30-$60,000 a month range.
It has been addressed, and is common knowledge ownership of properties isn't, or has ever been the norm in the history of the industry....
It has also been addressed extensively even the current most well funded and largest organizations as we speak are opting to do sale lease backs for dispensary and cultivation sites up to more than $425,000 a month which include "management" fee's...
To continue to address these extremely common every day industry issues over and over again while overlooking the industry norm is simply nonsensical, tired, and increasingly actually disturbing.
Which does seem to be absolute nonsense:
New Jersey facts, since all others stated as such are not....
Recent process was ATC (vertically integrated medical), 6 licenses.
2 more ATC RFA's were initially expected (12 more), but Adult use vote expected as early as Monday the 25th, 1 week from today, which may very well carry open licensing process and any and all remotely competent will most likely achieve that which they desire.
I haven't seen anything final lately as quite busy with other states and overseas operations, but last I had heard adult use was going to be either open licensing or somewhere along the lines of 400 additional licenses. Don't know off the top of my head what is in the final bill.
No operator, nationwide, is worried about not having a successful entry into NJ adult use.
I think as well something worthy of note is yet another industry event has taken place this week, with a valuation of a collection of operations (and licenses only, paper) at $850MM.
I am not certain of their cumulative licenses held, (and the value of each individually), but believe it again falls in the $30MM (each) range more or less, with the majority of that company's holdings paper only I believe, and don't think their annual significant ($20MM a yr maybe?, Not sure.)
The only thing better than doubling one's money going into a new year is then tripling it shortly thereafter.....
I hope everyone went in at the lows with everything they had....(and know some caught the other early Dec 10 bagger as well which helped I'm sure)....
I couldn't imagine why any of this would be a surprise to anyone, but could see the impatient blowing it....
Anyone know the last time 3MM+ then 6MM+, then 7MM+ volume?
Imagine if you will 2 100%+/- gains within about the past 90 days.....
And then imagine the argument being "This stock moves too much, look how many times it's moved up and down lately" lol.
Because who ever heard of the concept of buying in at the bottoms lolol
Several points to be clear:
I wouldn't call it coincidence, nor would I say it surprising I can look at a set of pictures and estimate almost to the day completion.....
I have done this many times before you know ;)
Usually, any and all build outs are pretty quick. I've seen 80k cultivation (indoor) buildings go up from breaking ground to plants in on 4-5 month schedules.
It's usually just weather, scheduling, sub's, equipment backorders, wait times, regulatory that add the time....
Although, as stated many times before.....this is something I think these guys need to look into and address (who's heading their site development...)
Dyer began quite a while back, and they stated summer grand opening...so, I'd like to see it up a little earlier than July...(But, that site is quite a project......retail out front, entertainment site, cultivation, extraction and processing,and I believe they also stated beverage will be out of that site, so....that one get's a little breathing room on turnaround as quite a bit involved......
We just did a retail and a vault door had a 10 week wait time on it due to features/specifics requested....(then of course it becomes a matter of do you do something else?, a different source?, or just pencil it in (heavy sigh)....
Given that door is going to be sitting in front of about $1MM product (essentially "cash") at any given time....ehh...we tend not to skimp on security..(our security associates have done federal facility installations and management, etc, so....)
State specifics and regulatory can vary quite a bit as well, but CA "rubber stamp" for the most part, so....
Dyer though the big one.....if they can get lights flipped (cultivation) and doors open on the retail....that will probably be their greatest asset overall...(especially with the beverage line launched, which as stated before, a compentant sales team (and someone heading it)...they should have quite a bit of exposure/sales statewide....(and I'd introduce the same into Nevada asap as the market itself (vice tourism) perfect for the products...
I would absolutely not agree GTI are the best of MSO's on execution, and would view them as among one of the most disappointing as someone who has interacted with them, and quite familiar with their actions on the ground day to day.
I think this will become more and more apparent as they move forward and actually have to (execute), and they have been quite misleading(dishonest) in various ways, and were before they went public.
(I have personally interacted and served the majority of the emerging MSO's in various capacities the last several years. GTI my least favorite)
To clarify: I'm not disagreeing they are an excellent trade. I've pulled 7 figures out of them since debut. But that doesn't mean I am not aware of the above, and the potential for it to turn against them in the future, nor that I have to send Kovler a christmas card. (I have actually called him a dork, and he was not pleased lololol)
But he is such a dork lol...
They don't understand the industry, the product, and most importantly, the consumer, have publicly stated they're in it "only for the money" which has not sat well with their medical consumers, and it has hurt them, and will continue to.
I'm not necessarily part of the federal changes school, as really all we ever needed (been saying for years) is 280E issue resolved....
I still firmly maintain, options on the retails alone are worth quite a few times what currently trading it, any and all other events aside, and know there are a few who have a great interest in DP if only to claim the brand under their umbrella....think BMW now owns Rolls Royce I believe, etc....(and Bentley by Volkswagen?), etc....or more appropriately would be the Cartier and Tiffany and such as they're retails, etc....
There are numerous MSO's who would love to completely take over the DP brand for what is, in the whole scheme of things, pennies...
I still say options alone on the retails are worth many times what it's trading at....
Maybe right, maybe wrong....but the every day industry numbers and where it's (industry) heading indicate it's right.
They're an established niche/specialty brand that is well positioned to exist throughout the country several years from now in key markets, many of which are about to present those opportunities in the near future...(FL adult use on the way, NY in progress, IL very close, Las Vegas, SoCal, etc)
I have to agree, and as stated previously, they are among the more competent of the majority of those entering the space, and I have interacted with virtually all at some point (and some, still do) for various reasons....
Very solid on many levels when compared to others. (I'm talking actual operations, staff performing, product quality, etc)...
Not the best......but closer to it than many...and they seem to be constantly improving as well....
Most of the MSO's should be fairly solid moving forward, simply due to sheer size, holdings, and market share....and I like these guys (personally, face to face) a little more than quite a few others...(Might not show up with a gift for their birthdays.....but they do get a christmas card, so lolol
And that is one of several things quite promising...
IL adult use going through possibly as early as May, and they have max allowable footprint through PCann.
NY approaching adult use, and the exceed max allowable.
FL allowed retail locations growing, (35 allowed now I believe), and a key large market as well...
IL, NY, FL adult use markets with max exposure? Bigger than most realize....
(I'm not really a long term guy....but at some point soon...they definitely should/will be......and in the meantime, exceptional opportunities for those with patience and discipline....)
That is actually the most significant piece of information, and completely changes everything, and what I have noted as most lacking. (Securing the services of a professional/appropriate team and services)
While I don't know Shamol personally, their resume clearly speaks for itself, as would be expected from such an individual and group.
Several things I did note:
Their Las Vegas canopy is on the weak side, with quite a bit of wasted space, (1/2?), and I'd personally like to see the GS group stop in there for a week before heading down south. Most cultivation sites which are lacking can literally be turned around immediately, at very little cost (guidance, genetics, canopy management, post processing), and the rest could be done remotely. (I/we do it all the time...full control but not stepping a foot onsite for months at a time...)
Secondly, I believe he (MB) made a statement about 2 countries medical, when actually, the global medical market is literally 10+ times that, (22 countries?) and an immense market. (We're currently in discussion with a country about a 25 ton annual supply agreement. 1 country. 1 site.....the international opportunities right now are, again, immense..
I'm much more interested than most given I/we have now almost a dozen overseas licenses and sites which we're developing at various stages, and frequently let the clients know we can be on the ground and at work within the week with proper notice and scheduling.
With a known, established, and professional team on the ground at work, the value just increased x 10. We have one site (of many non US), team on ground, planting (15 acres, cup winning US growers and genetics) and already valued mid 8 figures). We just sold 50% of another non US Federal license for $20MM.
The question always being "Can they pull it off". The answer is always no. Cannabis company executives rarely are capable of addressing each and every step of their entire organization. (Set up, through cultivation, through post through packing, through sale, etc). So no. They can't pull it off.
The true question is:
Can Shamol/GSmith pull it off?. For people such as ourselves, we consider such "fun" lol. Yes, they can, easily.
Bringing in a/the appropriate team completely changes literally everything about project.
Oakland cultivation site per recent social media photos (January 14th, month and a half ago) looked very close to commencing, and subject to much less regulatory than elsewhere to do so, and Dyer projected for summer.
Given Oakland pics 1.5 months ago....I'd say they're close to plugging in (plants in) any day now....
The omissions of the day are fascinating....(but expected and not unusual)
1.NV cultivation, quite sizable sending out product...
2.2nd cultivation about to be complete and commence per facility visuals.
3.Recent nonsensical suit resolved, with the result unreasonable partner removed and securing all interest of their best performing NV vertically integrated retail, including real property.
4.Recent CA retail with city moving towards adult use.
5. Probably closing out a 20% day, which was expected as suit itself created a 50%+/- decline.(40-60% gains past week or so for those who love the bottoms, as well as those who find researching and following legal records and proceedings interesting lol.)
6. Dyer facility proceeding forward, probably much more valuable than most can imagine.
7. Beverage line in progress, would assume hitting shelves any way. (I would have launched it prior to NYE myself......smh...)
8. Fremont location shopped, with an easy line a block long of interested parties....(If not, I'll gladly shop it for em...could use an extra $1MM for a weeks work...)
Think I missed half a dozen other issues...but addressing TRTC issues never seems to be of that much focus on the TRTC board anyway lol.
I know. Been through many (2 right now) and they're always the same.
One is welcome to check suit date and my first post and response regarding it, which matched the company's response the following day...
Yawn......they're all the same. They are never actions taken by reasonable, rational, "fair" people, and most of the time, result in them getting less. One of the 2 above we're involved in, the individual could have simply had a discussion and cashed out 2 years ago for the very same as they will a month from now, probably more.
Most of the time (same in TRTC case) they are parties which hold a minority interest, and are dissatisfied that such carries no management authority. (Most are individuals with control issues per se, which is common, and seen every day ;) LOLOL
Having been through many of the same, and your lack of experience with the same, the object of every such suit is removal of the partner/individual, which always results in establishing a reasonable value and "cashing them out".
As the plaintiff held an interest, there was no result which would have come which did not involve them receiving fair value.
They didn't "settle", they bought out the partner. There's a difference, and, yes, I consider such a matter "dismissed". (waved off).
A "dismissal" of the suit (legal definition) would still have had the very same problematic partner remaining, holding their interest.
These exact cases are always about "buying them out".
The "settlement" you're referring to was simply to buy out the partner for fair market value.
6MM for 50% (including real property) of their best performing (vertically integrated) NV retail location is a very reasonable (and wise) transaction.
Meanwhile, in the real world......
A nonsensical suit is dismissed (as was stated the first day filed), while one cultivation site product delivery has begun, while another finishes and ready to commence, while another dispensary location launches but dismissed as medical, but the city at the grand opening discussing adult use as coming, while another major site in progress (Dyer facility), while the beverage line in process of being launched, and shopping the Fremont which I personally would love to be able to do as know the list of parties would be a block long.....
And all the while, despite all, delivered almost a 100% gain already this year, and not even March, off another low which is probably going to lead to another 100+/-, and as revenues build, most likely another (plus) prior to end of year.....which it seems actual traders are taking advantage of, and suiting them well....
Hoping all well and enjoying the new year......I glance fairly often and note, as usual, no current events above actually discussed.
Illinois is actually closer with estimates from sponsors as soon as 90 days for the adult use and Governor waiting and welcoming it asap, medical program newly expanded expected to double or triple within the year, and the Pharmacann and other location secured give them quite the positioning. (2 cultivation, 5 dispensary)
It also appears stakeholders are going to be successful in achieving no additional licensing added aside from micro sites, allowing existing stakeholders unlimited cultivation expansion. (IL 130MM market, population+annual visitors)
Only stakeholder larger in IL is Cresco with 3/5. (Cultivation/Dispensary)
They're positioned well given IL and then NYC and the PCann footprints. (120k cultivation NY)
Not at all. I was referring to cumulative from all locations, the specifics of which are hard to determine without anything first at the table.
A rough example with random/rounded numbers for sake of explanation, delivered first person for simplicity:
I have a known and respected brand. I have options on 3 locations for $10MM each. If you want those locations, a., you have to come to me. b.,You might offer me 12 for each location.
My premium is 6MM. (3 locations x 2MM)
Just an example, and the actual numbers possibly quite a bit more as has been seen by market activity and valuations for desired operations as previous, in the $26MM-$58MM per location range.
I know one thing...no shortage of people in Chicago, Vegas, NY willing to do $2MM (build out) per location, 20% franchise fee, and option for $8MM....All they have to do is fly people in to "flagship" locations for a tour and have a pen ready lol....(It's the "image"..."emotion"...
Again, the "premium" on the options alone have considerable (enormous) value to the right party....based on recent news, could very well be the high side...(someone who wants to participate with the brand....)
Would not be surprised (at all) at a larger player wanting the brand under their umbrella for 9 figures ($100MM),and I would assume how it's going to play out...
It's been so funny to watch the daily nonsense the past months, weeks. (I have, just been busy, myself and group selling off significant portions of 3 licenses/ops outside U.S last 90 days or so)...
We see San Leandro opened with the city officials stating at the very same opening adult use in the future. We see Oakland 85-90% done, yet "how will it be paid for".
Please, someone refer me to the GC's who will completely build out facilities without being paid lol. I'll gladly throw them about 5-6 projects in the US right now worth about $30-$40MM.
No mention of the NV cultivation and manufacturing in play.....
What I find so interesting is where one would get the time to devote as market, cannabis sector specifically has had cumulative 4 digit gains last 90 days or so.......1 10 bagger Dec, the other one that does about 50% every 30-60 days like clockwork, the other 5+ that have done 100% here than there past 90 days....Most of those gearing up to do the same again.....TRTC 100% recently, starting the year at a ridiculously low level going into numerous things up and coming which didn't exist.....with quite a few alone worth about what it's trading at lol...
Funny...
Not at all. As previously shared, was traveling heavy for a while there, Dec or so till last 2 weeks, and just settling back in lately. Stop in once a day when a minute (several boards), posted couple times here and there but had them removed, and really no time to debate the nonsense...
Fascinating thing about that wealthy, successful, retirement so many here speak of;
Fairly close and unlike most who claim it here, the last thing I want to do is dedicate my life to their board :) LOLOLOL
I think the same as always......silly random events overreacted to, many things in progress which aren't taken into consideration, and dismissed by most, and the peanut gallery for some reason trying to discourage all against every 50-100% move :) LOL.....
The range the market has seen the past 9 months or so (nationwide) has been $26-$58MM (per location) for established brands. (A dozen or more different actions, companies, locations).
Hence the best method of valuation the premium on the options, and today's action being more about a specific brand per se.
Valuation-option price=premium.
I/we're doing more and more of these....(Securing right to something for say 10, when I know worth 15, etc...or any variation...This weekend alone I made 2 verbals on things...)
Based (roughly) on today's, I'd say premiums $30MM reasonable...(30x current trading)
With the recent discussions about valuation and premiums, while not exactly apples to apples, I would think today's acquisition close enough to provide an idea. (The Apothecarium, $120MM)
Given comparable valuations the past 6-9 months in industry, and this one being more brand specific, one can see what I am referring to when addressing the valuation of the options premiums. 30x current wouldn't be unreasonable. ($30MM, currently trading at 1MM lol)
It's quite possible this will take a similar direction at some point. (Larger group seeking to acquire/control the brand)