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So your attempting to state with certainty there is no such thing as "distressed" cultivation operations and facilities in the history of the U.S cannabis industry?
And Betty Crocker is your definition of the pinnacle of the culinary world.
Got it.
Regarding "lacking verifiable facts", well, you were more than able and welcome to address each in depth, one by one.
But you didn't....today, yesterday, or the day before...
Challenge of the day:
Run through them all in detail one by one.
You mean the one that addresses several month old financials not itemized, and excludes the 14 open matters currently in play?
I have. It simply didn't fit the narrative. Hence why your addressing again.
Are we going to discuss Dyer retail, cultivation and manufacturing in month 3 of construction? (Value, revenue, grand opening, production....)
How about the NV 30k in week 14-15 of operation and the accompanying 15k manufacturing awaiting approval to commence operations? (Value, revenues, affect on cogs, margins?)
How about the 2nd of 3 NV stakeholder only application processes in a 90 day period, the most recent beginning this past Friday and only open for 10-14 days, with a "approve or deny" at 90 days, with company statements of applying for 3-4? (An additional several licenses and subsequent physical location and operations have no value? All will be determined fairly quickly...)
WeHo? NJ? (both providing winner lists within 60-90 days)
How about the decision to move into beverages at a time when alcohol is displaying multi billion dollar interests in the cannabis industry and markets and an adequate facility currently sitting available and in the permitting process?
Ohhhhhh, that's right...
We're supposed to exclude all current activities and value of such, and revenue, and just stick to the past financials...
I'm sure everyone would be interested in a financial overview which actually includes all. Unfortunately, day after day, virtually everyone refuses to address such, with myself being actually the only one who acknowledges I don't feel I have the information (all), and during a period of rapid change isn't worth the effort. (When any number of things representing 8 figures can change a week out...)
Personally, I question anyone obsessing over financials to begin with, (let alone outdated with a dozen exclusions) as the market is movement, emotion, and psychology, and I'm more than satisfied with my own performance utilizing such an approach and strategy.
Every single day a overall refusal to address everything current and in motion..
Speaks for itself.
You actually hit the nail right on the head, although you had no intention to do so.
"A piece of cake".
The same could be said for baking. Yet line up 100 (professional) bakers and you'd see quite a difference, now wouldn't you? Given both utilize competitive events, a perfect analogy.
I also note you did not address my points. Your claims and position would declare all cultivation facilities, staff, and production are the same. The same quality, the same product, the same lab's, the same wholesale/retail...
Flex that intellect and tell me why those all are different, and you just proved my point for me.
We're done here.
I think the experience level and understanding is obvious, and would have been presented prior if there was any, as those are not statements heard often by cultivators who have any degree of success. (Only the failing ones, which actually represent a rapidly growing segment of the industry nationwide, and an extremely profitable one once they realize it's either seek assistance of go under....)
That is actually an area which we are specializing in more and more, and the waiting list doubles weekly as people realize those assumptions are not the case and the market rejects their product lines for others who believe differently.
It's a belief held only by those new to the industry with no experience whatsoever.
The only argument which would support such statements is that every cultivator, in every market produces the highest quality most sought after products, which even one with zero industry experience and knowledge would question.
The fact that any and every market has a wide variety of product quality, success, and pricing would further support the above.
I always find it fascinating in my (real, actual) experience, the larger and more well funded the groups, the more problems they have due to such statements and beliefs, and their products, and the markets reaction, doesn't support those beliefs.
That was so off base, on so many levels, I wouldn't know where to start.
It's not about planting a dozen seeds and flowering them and the turnaround time, which is what you oddly were referencing.
It's about wading through, making selections,and getting 15k+/- of flowering space into staggered weekly rotations, and the dozen different approaches to accomplish and reach said point.
This is a rapidly growing segment, and actually one tourist consumer base will take a great interest in....(Probably do extremely well in NV market as well......non combustible so hotel friendly ;)...and a 15k manufacturing site about to go online in NV as well, so......
Lot of people asking us lately about developing drink lines......(nationwide)...
Which is one of many issues never mentioned and overlooked (I think the total now is 14 issues actually currently lol)
Going on week 14-15 or so I think on the 30k, and while I wouldn't say hanging in dry room, I would say rapidly approaching the point where they can begin flipping down (initiating flowering) on multiple rooms to reach staggered weekly pulls (harvests).
Flowering call it 70 days to cut more or less. (strain dependent....some 56 days, some 77 days, and a lot in between....63, 67, 70, 72's, etc)
Now going into 4th month...that's a lot of veg ;) lol
As such (above), I just always assumed it would be starting the year off at weekly pulls/full production, so......(full 2019), and probably the same for manufacturing (approved and commence operations).....
Dyer retail and cultivation entering month 3 as well I believe, so had the same (personally) in mind (up and running by NY's so full year vertical integration as above).....
Then a lot of other issues in motion as well, including Nevada process which I believe stated they might go after 3-4, which is as simple as deciding to do so and submitting the app's, so....no magical feat there.....just putting together and submitting....no biggie. (which turnaround should be pretty quick as well on decisions.)
Lot of things going to be happening next 60-90 days...(WeHo/NJ as well, possibly another NJ RFA process in that timeline also per the state)....
I find it fascinating......they're pipeline right now is greater than all efforts and events of last 4 years lol...
It is a daily theme for any "analysis" to exclude any and all current holdings, activities, and processes, yet somehow insisted one offered lacking such is valid.
Challenge of the Day.....
What are the current holdings and facilities involved in construction, application process, and what do those opportunities represent? How many licenses and applications are currently pending, and what are those processes and their overview? With the "organic growth" approach through the licensing process what do any future actions represent when addressing value?
Why would any "analysis" excluding such be considered relevant? lol.
I see no mention of the 2nd of 3 Nevada stakeholder only licensing processes in 90 days that began Friday and ends in about 2 weeks. Days upon days upon days of commentary on the sale of 1 location, yet none on the intent to submit multiple applications for several more locations.
The list could go on and on......
Analysis 101:
Any attempt at providing an "honest, accurate, unbiased" overview yet deliberately excluding any and all current actions and holdings isn't. lol
Well, my point merely being yet again there is a wide variety of valid issues, as well as current activities that are of importance, yet we see, as is the norm, numerous 100% false and misleading statements being inserted....
I think the answer in itself lay in that if too many are made, it becomes a matter of simply being unable to address them all lol...Which on the surface I could see as a viable strategy (which all are well aware of by now lol), but easily addressed various ways as well.
I'm a little confused.......
If there are actually valid concerns and issues to address, then why is there a need to deliberately insert false narratives and information?
I'm not sure it could be said that one of the most in the American industry to date, but definitely value wise of a significance that is never touched on here, that's for sure, and , given they haven't even started pulling down rounds yet (harvests), but should begin shortly, quite odd excluded from any and all commentary. lol
$3.5MM for 50% of a 30k in one of the top adult use (and limited license to date) markets with wholesale values increasing and significant growth still expected, and manufacturing/extraction about to commence as well is worthy of much more discussion than occurs. (I believe it was 3.5 for cultivation, 900k for (50%) 15k manufacturing....The 15k deal even more significant than the 30k as well....)
Lack of addressing (and recognizing such) clearly reveals much, about many, and always starts with zero understanding of industry, operations, and values....
Not necessarily....(146/106-1 in 24)
Those are initial applications received, prior to any compliance/completion review, which should easily shave 25% off the top.
In any such process, regardless of state, there's always a large portion that should have saved their money, time, and effort and have no idea who they're up against.
Could end up as low as 1 in 15 or so...which isn't bad...and there's already expectations for another RFA before the end of the year, and another shortly after that as well (per the state)....
And as always, any and all discussion avoids at all costs current status, operations, pending projects, things in progress, yet in the same breath seek to provide commentary while excluding such.....
We should start a raffle. People can guess how many posts the following day will be about day's share price :) lol
NJ RFA breakdown:
146 applications from 106 organizations
50 applicants were in the northern region, 45 in the central region and 51 in the southern region.
This source cites a different breakdown:
Fifty applicants applied to operate dispensaries in North Jersey, 45 in Central Jersey, and 45 in South Jersey.
Initial NJ RFA Stats released-
Initial count 146 for 6 licenses.
(Video attached also addressed adult use progress)
NJ RFA results-I was talking to someone from the state this weekend (mid level), and the first thing (per me) to establish is when the dust settles what are the final stats, as in how many total applications/how many total applicants, then proceeding through in which areas, then how many bumped out for incomplete app's and such, which as of this second is in process. (Deadline occurred as entering into a last long holiday weekend of the summer, so they pretty much barely have even gotten to anything yet...)
That's always part of state program and industry news per se, and usually first thing released, so, should be fairly soon/first.
WeHo still in progress (long holiday weekend as well), so, I'd assume by the next 2 updates (15th and 1st) they should have a better idea where they're standing/going currently. Panel of 5 reviewing 300 app's with page limits, so...I'd think by end of the month they've made a major dent and should be starting to wind down..which would coincide with original estimate (November) and the same with the NJ. (Once they have the initial stats will have better idea as to the duration of the process, and then once underway a month in a better idea, and so on...)
NJ is expecting another process as well before the end of the year (at the moment), and that position accompanied the original August RFA (as well as possibly then another early 2019), so, on the ground, there are actually people who missed this one and now preparing for the next as it gives them some "breathing room", and yet others who fully plan to resubmit multiples for each process in the future...(people who made this deadline and submission, but already preparing for the next to submit again, and again, and so on...)
The last statement made was Thursday (by company/management) which stated "submitting NJ as we speak", so..
While stated coverage of mandatory pre-app meeting was 800-1,000 attendee's, there was a limit I believe of 4 people per applicant which could automatically reduce that number to as low as 250, then followed by those actually capable and serious, which could cut the number of applicants by 50%, as well as then those submitting incomplete/inferior apps, so....
Total eligible submissions a curiosity and anyone's guess right now....(but the flip side is the final number of capable, eligible applicants are going to be a selection of very serious groups...) It's not uncommon due to such (competitive) that some will submit multiples. (Submit 6 to win 1, etc) and done all the time. A lot of groups submit max every process.
Not at all. Do you have something else which is worthy of further discussion?
Because the previous wasn't.
I think all posts speak for themselves and we're done here.
It wasn't ignored. I provided my response, as well as other aspects to justify such which simply didn't happen to fit the desired narrative, hence waived as "no answer".
I think further an insistence that "elite" is a requirement clearly illustrates never having met any of the individuals one speaks of (Cannabis industry company heads), and a lack of understanding of any business operations that I can't assist with.
Is that where we're turning to now?.....One must be "elite" to succeed? lol Frankly, even the question makes me oddly uncomfortable....and a very strange one.
No talk about Nevada permitting processes and timelines.
Nothing about Nevada cultivation and manufacturing operations or timelines.
Nothing about CA operations, build, timelines, application processes.
Nothing about NJ overview, RFA's, timelines, subsequent processes, adult use, scoring process.
Just "he's not elite" so how can they possibly succeed. LOL
What kind of answers and subsequent dialogue would one actually expect from such a question LOL.
I'm in the business of evolution (people/operations)....I would never make a future call on an individual who currently displays change...especially when my position is their actions of the past year, more and more, leads me to believe "I think they've got it"....
I would agree and actually point out that current activities and positioning makes it further a moot point.
Was the company dedicated to growth through permitting as opposed to acquisitions even a year ago? (Nope....)
Was the company pursing as many different opportunities simultaneously through such even a year ago? (Nope......)
Is such a reflection of management altering approaches and directions and the continuation of such a clear commitment to doing so? (Yeah......)
We're now (yet again) entering the realm of "but nothing matters and nothing changes" when the only facts available are many things have, and are changing...
Over the last 12 months give or take, they've corrected (or are addressing) virtually all of my complaints, so.....and seem to be doing fairly well at it.....
(Someone will inevitably jump in with the "losses", which to date no one can itemize, and considering all the various projects in motion, combined with your average markup wholesale to retail is 100-200%, I really don't buy the whole "spending $2 to make $1"...couple decades running these tells me not the case in reality and since no one can itemize....I've yet to see anything that can show me exactly how, or where they "lost" anything....
My stance has always been very little to speak of even 12+ months ago (prior to adult use commencing), which further lacked full vertical integration which is growing and in progress, so....
As always, the refusal to address everything in progress while attempting to make a worthwhile "analysis" can't be taken seriously, and anyone is welcome to offer any source that wouldn't.
Only done here :) LOL
But that's how it is (here). Rarely is anything current addressed. Every day 100 posts about a 5 year old business plan, a 4 year old PR, a 3 year old overpriced acquisition...which on one hand is starting to be interesting in the sense that current activities basically equal years of previous ones :) LOL
Harvests (and manufacturing) in NV not even begun yet lol...
Nevada quite possibly 4 more (if they chose to submit 4 applications), CA several more pending, NJ pending....etc....
The very same management of the previous is the very same of the current.
San Leandro opening was also addressed.
As "opening in about a month" at 1:18:55
NJ submissions mentioned at 28:10
https://thekatchup.podbean.com/
Interview was Thursday, August 30th, statement was "We're applying in Jersey right now as we speak" at 28:10
Per August 8th conference call:
Putting the team together, putting the narrative together, putting the application together securing the real estate, all that’s in progress, we’ve ramped up even ahead of the open window and we think we’re going to have a very competitive application and a very good demographic back in Jersey that we think will be a very competitive environment and the beauty of that is we again, think New Jersey is going to fast track adult use.
So, this is expanded medical once we obtain that license we believe that once they pass the medical ordinance that will be grandfathered into the medical or the adult use ordinance, we’ll able to grandfather in the adult use sales, which give us a bit of a first mover advantage in that marketplace back there. So, much of our time, effort and energy is, to develop that application submitted and hopefully, our 100% success record carries forward to that environment.
Continued commentary on "if" I think at this point has no basis in reality, nor is supported by fact.
Combined with numerous company and political there is quite a few...
Pete Sessions seat is up, Nevada cultivation approaching the point it needs to begin frequent harvests, manufacturing awaiting approval, SA process(es), Weho, NJ, 2 NV stakeholder only licensing processes, numerous additional states underway...
I do always caution about WeHo though. Not a traditional licensing review and scoring process, so that's more a "lottery ticket". (Odds aren't that bad though, 1 out of 10 (12?) roughly will win a license for retail)
NJ going to be extremely competitive, but several more processes to come in future (medical), as well as adult use which will have quite a few opportunities available, so, NJ a fairly safe bet anyone reasonably seasoned will get what they want.
Biggest (industry)issues at the moment is Sessions (Pete), NJ, NY, IL...(which could change tomorrow.....As Sessions out could assist 280e and banking bills moving forward)
Everything across the board proceeding rapidly......
I can tell you one thing......
If I was to become displeased, lose interest, or choose not to follow or take part in any positions, I certainly wouldn't be here one second past that/those decisions...and as I have done very well in previous positions, would have little to offer other than the above......as it seems so many claim to have done (well), yet have literally made it their life's mission to refuse to offer even a factual overview of current activities.
I wouldn't consider any stance that life, and everything within it is not consistently changing valid or supported. Operations, the industry, the markets, etc all change daily, and always will.
To stamp ones feet shouting no change is possible, nor will it ever occur, especially at a time when any and all activities dictate as 100% incorrect again isn't valid, supported, or realistic.
2 facilities holding permits and under construction (Carnegie deliberation), 1 cultivation week 13/14 initial growth, 1 manufacturing complete and awaiting approval, 6 open licensing processes (WeHo, 2 CA S.A, 2 NV, 1 NJ) is enough documentation to automatically void any statement of change not forthcoming.
Just don't see it sitting in a place of logic, reason, and fact.
Challenge of the day:
Any outline of current holdings and activities and the regulatory processes taking place as this is being posted.
What is the NJ criteria, how many RFA's are to follow and when, what is current status of NJ adult use, What are current status of CA licensing processes and what locations are under construction at the moment. What are the NV licensing process guidelines and when were those processes and deadlines and issuance of licenses.....
Done every day for weeks now if not a month or more....
No one yet to provide such...
Meanwhile......
California construction proceeds, New Jersey application process ends, WeHo next update is tomorrow (or Tues due to holiday), and Nevada cultivation week 13(?) and manufacturing awaiting approval to commence operations, and stakeholder only Nevada submission period (2 of 2) about to begin, as we enter the last long summer holiday weekend and it's back to business 60 days from elections.
I'm curious why this, which is the most relevant material on entire board, isn't stickied, yet an edited (and incomplete) transcript is?
But at the same time, we're now a little more than 60 days out to a November that will even be bigger than the previous, with a momentum greater than the previous, at a time when the support across the board was again, greater than the previous....
Industry didn't have this level of support 2 years ago....
We've even seen Oklahoma drop recently (with one of most generous programs to date in nation)..
Entire nation is almost green....every day that goes by, it becomes that much more "common" "accepted"....
Life 101........
You never go full retard.
Additional industry and valuation notes:
Don't know the Hydrofarm specifics, but see mention questioning who they are, and HF has been basically one of the largest players in the industry for decades.
I believe one of the only (original/big) ones who haven't sold out, and one can turn to Botanicare and General Hydroponics deals for valuations.
One will note posts from May, which reversal doubled by July, then tripled by New Years.
One will also note the posts excluding those sales first days of January.
If we're going to revisit my posts, let's revisit May reversal (22nd?)(day before), and Halloween.
One will also note the lack of daring to engage in any dialogue. lol
I'll take any or all of you on myself, any day of the week......it's admin's call, not mine lol.
What'd I miss?.... :) lol
Firstly, I'd challenge anyone, anywhere, anytime to pull a single post claiming "expert", but thank you for all you guys constantly declaring me such. Not how industry functions. It's bad form and poor taste to state such. I never have in my life. Not once.
Secondly, I believe I stated very clearly a full year of full vertical integration;
1. Nevada 12 months in, cultivation harvests about to begin (that's "vertical integration".
2. California poor launch without full vertical integration accompanying.
I'd be more than glad to revisit the previous statement made months before NV, and 8 months before CA, when 12 full months of vertical integration of both states has taken place, as was stated.
I called 300% last year. (all posts still there).
What about you?
One will note the denial of "any crew", but then the phrasing "one of us" :) LOLOL
Yeah.....definitely wasn't a detective :) LOLOLOLOLOLOLOLOLOLOLOL
Just did, and you have been welcomed to engage me time and time again but refuse to do so.
Because it wasn't a reply, nor was it worthy of any note.
I also don't subscribe to reminiscing......
Ever hear the phrase:
"Your only as good as todays envelope"....
Consistency is the badge. ;)
Nothing else matters. "I used to be _____", "Once I was _______", "I once _____"....
Yeah yeah. Today and tomorrow is the only thing on the table.
I wouldn't necessarily be uncomfortable with providing an accurate overview.
I would however decline and be very clear regarding providing such without a breakdown of expenses.
(Which is the first and only time one will hear such ever spoken here, and I think a point many miss. LOL
I would also readily state I am not an accountant, nor have I ever claimed to be such, but I do oversee at this point in time almost 40 operations now on several continents, many of which were developed from scratch, equity held, that probably do $200MM+ combined, for over a dozen clients.
I know a little about a little.....
Don't know breakdown of expenses, and constantly working with numbers months old while every day different expenses and closer to launch of other locations.
Personally? I don't think anyone here is qualified or knowledgeable enough to address. 664k CPA's in the U.S, but I could count the reputable cannabis industry firms on 2 hands, but people who don't know the basics of the company, and zero industry specifics can magically provide such? :) LOLOLOL
Yeah.....lol
This has also been addressed numerous times, at length and in depth, with current activity provided through numerous sources, easily found in my post history with clearly labelled posts for easy retrieval and review.