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Share price.....what an interesting topic.
Some seem to believe share price for any given company, at any given time, represents anything, at all.
So then one is free to explain to me how an herb farm with 500k a yr. was worth $20 a share. (Post split. Want to try pre split? $1.40....)
Was a good argument until it was actually addressed I suppose lol.
A very interesting subject actually....
Unfortunately, it appears as though you're making quite a few assumptions which contradict every other one, as well as making the very same from a place falling quite a bit short of the position required which would be necessary to make such determinations.
Assuming your speaking of the "tomato growers", I could name 6 (tomato growers) off the top of my head in the past 2 years who have turned licenses and stunning facilities into bargain basement "distressed" holdings at speeds difficult to believe. The only thing faster was their complete and total loss of market share. When I speak of "juice", I'm not referring to tomato juice ya know.
But everybody's got an opinion, and entitled to it, even if made from a place which lacks the knowledge and understanding to do so, especially if granting "previous associates" such a degree of confidence. From what I've seen, they couldn't even keep a monkey's job.
They should stick to shrubs. I don't think they'll be well received. Very small industry. Dispo's choose all the time who to do business with and who not to.
All will obtain what they seek, the question is merely who gets the 18 to (attempt) to advance position for adult use.
Strategy:
Submit multiples for RFA #1. No wins, submit the same (possibly "tweaked" for RFA #2. No win's, submit the same multiples for RFA #3. No wins? Adult use easier process due to availability, resubmit accordingly (ie: Not 3-4 unless one wants 3-4 as adult use all will be granted).
Everyone who wants in will get in. Just a question of when.
I would disagree with customer experience. Currently NJ pricing is predatory (for medical patients in need smh). Pricing is first, and customer experience usually related to staff knowledge and expertise. Professionally, the target is always to assemble a superior (knowledgeable) staff. I have dispo's where the customers pass 10 others to come there. (Medical, rec is pricing/inventory/staff and different animal but a lot of variables there (staff addressing both on all aspects of product and uses/medical, etc)
Advance positioning though as recently discussed does not automatically grant anything though. Later entrant can easily surpass earlier, and many of the multi state operators are not on top of their game. (At all)
I welcome and love going up against many of them any chance I get ;) lol. (production especially) Luckily, (NDA's or not) I would never think of sharing the things I know ;), which would not only be unprofessional, but quite impolite. It would only be similar to making fun of a mentally challenged toddler.
Additional note:
In markets (mostly Eastern/Inexperienced operators) where predatory pricing is utilized, operators risk all market share the second the consumer has other options available.
I'm pro patient/first...you "dial in", accommodate the patient, and position for rec which is your payday. Extremely ill (and often dying) patients are not one's gold mine.....and approaching as such can dictate immense loss of market share as programs expand. (Additional operators/licenses, competition, adult use lunch, etc)
Great facility though (in general), and as previous post, 2 more RFA's (12 more) coming, and adult use seeming like it will be open licensing, so, anyone who wants in should get in. Point (importance and value) of RFA's is advance positioning for adult use which carries ability to "dial in" and establish market penetration, brand/product lines and exposure, which if one is not extremely seasoned, is not easy or quick.
All being said (any given potential operator shortcomings) it is entirely possible later entrants could easily take over earlier operators market share. (Shortcomings displayed often make it easier actually).
Successful launch and operation is not about ability to "produce product". It's about being able to create a high performing facility and staff, quality product, most quickly and efficiently, and consistently, and an entire line of products at that, by quality staff.
Most can't even grasp coming up with 100-200 SKU's (product, packaging, design, methods, inventory/labeling, and so on...)
And disagree you surely may, but the fact of matter is facility is not the issue per se. It's the group and management attempting to embark on an endeavor they have already clearly established they have no firm grasp of.
I would be more than glad to provide a detailed and thorough summary of what is an issue, which no professional would disagree, but since unaware, and directly linked, I will not.
Ownership/management has no firm grasp on this endeavor, even starting with the appropriate guidance on how (and what) they are to address things to/in the media, as the statements provided to the same display no firm grasp of that which they seek.
Not my first rodeo, done it 100+ times, sat with 1,000+ groups (to finalize with the 100), and know what I see when I see it..
I would not agree (personally) and proceed with this group based on stated approach.
EHC Project is already a failure and has displayed extreme incompetence and shouldn't be awarded a license as will be a detriment to the program and adult use launch to follow.
I believe MPX themselves are also listed. There are quite a few who have additional applications in under various other names/arrangements if one knows what they're looking for ;). That's actually a strategy many larger organizations use. (As many as possible, different names, playing every possible "angle" they believe may possibly play a role in the process) Most of the time those have an established buy out built in before even submitted.(ie: "If we don't win but another does we can buy them out", etc)
Since I know that will never be answered:
I'd love to hear the details of their 3-4 applications. Please, feel free to share.
I asked questions regarding GLD (current) specific activities and operations.
It seems you're clearly not familiar with GLD. If you are familiar with GLD, and are aware of GLD activities, then why do you keep responding to GLD topics and questions with the stance they are not GLD matters??
I think many things now are quite clear.....(crystal) lol.....
I'm sorry, but it seems you're unaware of GLD holdings and activities, and that I have been speaking of such, and no reply has been relevant.
I'm unsure why you would respond to GLD company specific questions when unable to answer those.
You're so right.
So tell shareholders about their current holdings, locations, pending activities and how you arrived at your determinations based on such.
You're free to compare to 2016 and 2014 as well to further illustrate.
And I missed yours from 1982-2014.
But I'm sure innocent men and women in Florida didn't.
I know......you believe that one never heard of anything or traded anything before stopping here. I assure you, you're the misinformed "newb" of everything cannabis. (Industry, companies, medicinal, research, accounting, business, market, retail, design, engineering, facilities, distribution, etc)
NJ, #2 market in nation session and vote begins 10am tomorrow morning, Nevada and WeHo determinations within the next 12 days, NV cultivation crew at work every day, 15k about to commence operations, Dyer crews at work every day, as it seems is the San Leandro crews, while New Jersey app determinations shortly, as well as many other matters....
It seems people believe a post on some board, somewhere in the world either changes those facts, and the progression of life moving forward, or that somehow, it's enough for the company to simply decide to abandon all.
No more absurd than the stance and assumption every single shareholder bought at exactly the same price as is frequently stated.
It's fascinating to observe people so dedicated to ignoring any and all matters.
"But the share price..."......I know, and I love it.
"But it doesn't matter anyway because ____"....Yep, so I hear.
I'm afraid you're mistaken.
I'm sure Bhang would disagree that they don't need retail locations to sell their products.
Most manufacturers do. In fact, they need retail more than retail needs them, as any given retailer has many options of whom to stock.
I think they would also readily agree they would be quite pleased if they were 100% vertically integrated.
But they're not, so instead they wholesale their products for a fraction of retail.
As we are currently addressing a multi state vertically integrated entity in progress, with rapidly growing manufacturing locations for quite a few lines (flower, extracts, beverage, edibles) it is not a topic worthy of discussing.
When one (anyone.....ever) chooses to address what a post merger organization would look like, it becomes even more nonsensical.
Business Expenses $15MM to $7MM-Post #272160
Because, once again, you're addressing an entity with almost 2 dozen other matters in progress, but utilizing an assumption your addressing one set of fixed locations, and no other matters in progress.
Perhaps you believe hiring and training should begin after locations are open? Perhaps you believe locations commencing operations should not as that will cost quite a bit until revenue's?
Or perhaps you would like to discuss your experiences from conception through launch in which $5-$30MM is spent before dollar 1 comes in, as is the norm in the industry and it's operations.
Let's have 60 seconds of fun (and not worthy of more, truly)
Fremont staff (30?), San Leandro staff (20?), 30k staff (40?), 15k staff (20?), Dyer staff (50?).....
160 people who have to be paid without generating dollar 1.
Maybe more, maybe less (people). 30k a year (most likely a higher average). Let's use 40k. 30k=4.8MM, 40k=6.4 million
Didn't even touch accounting, legal, design, furnishings, MEP/build out's, utilities and 100 other expenses...
Many non deductible, without the most basic business banking services.
I do understand (truly) you're addressing matters which you have no direct experience, or even any degree of familiarity. (You can't state you do, because your continually overlooking the above......)
Every endeavor undertaken carries, most of the time, enormous cost to produce.....whether one is opening a Subway, or a 30,000 sq. ft. cultivation and manufacturing, with a dispensary on premises, and a designated production and bottling facility.
I'm sorry to break it to people, but spending $15MM to generate $7MM when a continuous pipeline, for a company not too long ago making 7% of that annually isn't too bad....
It's quite common for companies to spend up to $30MM to generate $0...(prior to commencement of operations), as it is also a common as of late for companies to pay $26MM-$58MM for little more than a license, or a non operational site with a mid 7 figure annual leases, who are deemed market favorites..
There you have it. Truly the "basics" and not worthy of being addressed more than 50 times.
My questions to anyone who is capable of answering would be:
1. Assuming NV State approval shortly, what are the projected costs to complete the Sac 30k and get it fully operational? (Current status and facility outline would provide an idea in itself)
2. Should NV State approval occur prior to completion and commencement of NV 60k, what are the estimated costs which will fall upon the company to get it to full production. (4-6 months from commencement of operations)
3. Is it planned post merger that the 15k manufacturing will service the 60k cultivation (safe assumption). (Current status and timelines indicate they should both be commencing operations simultaneously..)
3b. Do the companies plan to introduce the beverage lines through the above to the NV market? (OR as well, but the greatest performance will probably be the CA and NV markets for such a line)
I think the only reality displayed is the lack of a grasp of such.
If one was to be addressing a fixed operation with no current or future changes, one could indeed rely 100% on such.
Given that one is addressing something which is not (fixed), with significant locations coming on board one after another, utilization of such isn't accurate, reliable, or "reality".
It also seems to escape all, each and every location comes at quite an expense, which, conveniently omitted is the very same are not only extremely reasonable, but further support the value being created, as would be the case with the NV 30k, of which the past several months have seen similar operations sold for anywhere from $27MM-$58MM, and the companies participation in the very same for 50% being a fraction of the cost of the very same comparables listed above....Such can be applied as well to numerous others such as Dyer, Fremont, and the 15k manufacturing facility.
The current pipeline carries 21 different locations, operations, and licenses, with virtually all being addressed in a single quarter more or less in one form or another.
Exclusion of such isn't honest, accurate, unbiased, or "reality".
I'm afraid that is not a valid argument.
I think that was well spoken, accurate, and the words of a reasonable, rationale, grounded adult.
TRTC Board Trivia-
Does anyone remember the time someone stated there was a "mega" dispensary going up right next door? (And look at how incompetent TRTC was for putting a dispensary next to a "superstore/mega" dispensary? lol.
(RSD, last picture, despite signs everywhere RSD build in progress and coming to location?)
As I have yet to see any valid argument supporting even a position opposing, let alone anything more, I wouldn't think anyone, anywhere, at anytime has any concern whatsoever, but I do think repeated posts insulting and threatening shareholders of both, as well as the companies is inappropriate.
Furthermore, you are free to do and state and think anything you like, but I think the continued "I'm going to, watch and see, I'm serious, I'm going to" is something a capable man with resources wouldn't feel the need to constantly remind, let alone a shareholder with a few shares stating they are retaining counsel to present materials to obstruct that which they have yet to present a valid argument against, and assuming counsel is actually an adult (and an actual attorney), at a cost exceeding their current holdings.
You speak for yourself, and only yourself (and are free to do so) but I tire of the rushing around, frenzied, GLD shareholder savior/representative role. As one with much greater GLD holdings, past, present, and future, I assure you, in no way, shape, or form, do your views represent that of any reasonable, rational, adult shareholder I know,let alone myself.
Where you drew "upset" from a mystery as nothing stated remotely hinting at such, and it seems you're the only one destined to be surprised at the outcome given the depth of your commitment to one specifically.
If you'd like to exercise and commit resources, I might be willing to do so just for fun as well, and let's see how it plays out, and my promise as I move along, and if it goes my way, one won't hear one word about it.
I have the feeling no really cares if you do, and if 15,000 years of civilization isn't a good starting point, most likely none will suffice.
Check the stats?
How about check the CO statements telling people to cease and desist presenting fictional stats.
I think you misunderstand;
Propaganda is for non cannabis users.
You're a stated anti recreational individual on a recreational cannabis company board attempting to credit deaths to cannabis......
You should have practiced it with the dog first...
I think your threatening shareholders of both companies, as well as the companies themselves should cease.
You're not a shareholder, and certainly not behaving as one would.
Odd how your born date is Jimmy Mag's last jail date, isn't it?
So your equating a substance that kills over 80,000 people annually (each and every year), that costs society hundreds of billions ($200 billion drunk driving related alone) to a non addictive, non toxic substance that the very government that opposes it has patented it for healing properties and has yet to claim a single life in recorded history?
What's next? Firearms compared to a spoon? (Forget it. Spoons kill more people annually than cannabis).
Just to clarify....
So you're not a shareholder for several years now.
You're anti recreational posting on a recreational cannabis company.
So you're an anti recreational non shareholder providing thousands upon thousands of posts on a recreational cannabis company to ensure people read the filings that are posted and discussed when released?
Sounds innocent enough.
Your reply stated no experience in the areas you addressed, or I questioned, nor does a stock purchase create such.
(State, county, city application processes, CUP/SUP's, Commercial property, construction/MEP-Engineering, business development, and many more.
The industry talent currently part of the organization, as well as that about to board, surpasses that which you reference far more than one could possibly begin to imagine.
They both should be....they're going to kill it...and anyone who wants to dump, I'll take it all ;)....
Clear the pipelines, post a combined q or 2, and this should work well ;)
I find it interesting to hear it stated occasionally this is "not the right time" by some, when in actuality, it's exactly the right time...(hand in hand with all similar actions the past several months)
That's called "striking while the iron's hot".
As one holding positions larger than most (here? all combined? lol), I welcome it, and applaud the wisdom and strategy....
Final is top 5+/- holdings, and once pipeline's cleared (from both, which should be shortly), numbers going to be immense....
Upside also is most pending activities for both going to be straightened out for the most part this Q...(or slightly over)... (Dyer/Carnegie/Tahoe/Beverage/WeHo/NV,Fremont/NJ, etc)
Fully (vertically) integrates CA/NV for both companies, NV 15k (manufacturing) going to coincide with the NV 60k (cultivation), and ideally Beverage line OR/NV...etc, etc
As always....most interested in the execution and strategy...
Very interesting, exciting, and fascinating action/results. Management (of both) should feel the same as well, and a shame even a remote possibility of being distracted by nonsense.
I still have yet to see anyone address combined holdings and specifics on either board, now weeks later, even once...
Not once.....
Seems a little odd, doesn't it? Especially given how fascinating that is. (Holdings, values, revenues, etc, how which op's compliment the other's and where and when and how, etc)...
No discussion either of all actions taken throughout the year within the industry by companies creating similar holdings, at what costs, etc, and the fraction of such the current actions are.
The upside not one an actual shareholder of either wouldn't gladly receive and take note of.
I have yet to see anyone address how immense (and immediate) the results will be...
Personally, I'm quite interested....
(Although I'm not sure of the Sac 30k status and timelines)
And exactly what is your knowledge and experience possessed in all relevant areas that you draw those opinions from?
Maybe that will help to further explain, as all mentioned are not uncommon.
You say responding to a post regarding a location scheduled for 2nd half 2018, which appears currently on schedule, and you then have added 240k for a LV site which holds a SUP/CUP for a multi million dollar license and property.
I ask again.....is there an actual point? And what experience with any of these matters are your opinions drawn from?
I have to ask, as I'm genuinely curious and it's never stated each and every time this is posted. Is this a statement? Is it a question? No point ever accompanies, so I'm unsure every time it's posted exactly what the point is.
It seems as though your trying to relay what a deal they're getting on their leases? (as some pay many times those amounts monthly, and commercial cannabis property taxes are sometimes those amounts alone). I know you pointed out earlier they also seem to be almost exactly on schedule with opening as projected 2nd half 18'.
So what point is it exactly you're trying to convey?
Obviously there has to be one given the number of times the very same is posted over and over. Someone posts something 2-300 times, they obviously are trying to make some point...
Opinions and Clarification-Post #271991
Thank you for clarifying.
It seems interesting for people to be addressing predictions and excluding all current activities and developments taking place at the moment and over the coming weeks, let alone that remaining for the year, and entering the new year.
Interestingly enough, those are absent.
Monday, 4 days from now New Jersey goes to an adult use vote, which will carry endless licensing opportunities, as NJ also prepares to address the current RFA results, while stating preparing for yet another 2 RFA's which will most likely be carried out prior to the rules and regulations (and application/licensing specifics) for adult use being determined.
Less than 2 weeks from today will see the final determinations for the WeHo process, as well as the last Nevada process.
The coming several weeks will also most likely see harvests for the Nevada 30k beginning, with possibly within the same timeframe, the 15k manufacturing site commencing operations, of which are most likely quite understood, all as the Dyer construction continues, and while there have many delays and I exclude, San Leandro is hiring for launch and I believe it has been stated grand opening to be shortly, as well as other matters I exclude.
The above all comes at a time when a merger creating top 5+/- U.S holdings and revenues is in progress, with all similar actions throughout the year and industry to create similar have been valued at many (many) times that which is currently seen and achieved for a fraction of the same, and given the current pipeline pending for both companies involved in said merger, may very well change the above as well favorably....
Yes, I know, the response always to avoid discussing anything regarding the company(ies), and point out sometimes many times daily the current share price, which I think all are aware, and can be retreived with the most minimal of effort.
The magic of the market being it continues forward, as do operations, despite any and all comments and positions one might have. One could pick many companies and review their charts over the past 5 and 10 years and (gasp), see high's, see low's, and any and everything in between.
Share price in a week? We'll see. In a month? We'll see. Next q? We'll see.
I think it almost certain over the coming weeks, months, and years it will vary. Such is the market, and life as well.....
Life, and the market guarantee change, just as the sun rises and the wind blows.
Hopefully, all are having a peaceful, happy, and safe holiday, and people should offer positive thoughts towards those in the world who spend the same utilizing it towards wishing misfortune on their fellow man. The holidays are not always kind to the weak and desperate.
Of course. NV will never go rec (even the week of), California will never go rec (even the week of), applications in New Jersey impossible due to residency, despite no residency requirements, as we are now days away from the NJ adult use vote on Monday, while awaiting decisions of WeHo and Nevada 2 weeks from today more or less, as New Jersey also has stated accompanying the previous RFA they are planning additional medical RFA's, as Dyer under construction, as NV 30k prepares to begin harvests, as NV 15k awaits state approval to commence, as they proceed in a merger which will create a top 5+/- U.S holdings/revenues.
I mean, as always......why actually discuss the company on a company board when one can simply fabricate topics.