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it can’t be very popular it’s hugely inconvenient/expensive/time consuming compared to just buying from a dispensary.
It’s thousands to set up a ‘proper’ 3-5 plant grow operation, which is why people just grow 15-30 bc of economies of scale the overhead is already close enough. But also why it fuels the illegal market bc why would you not flip it when by the pound that’s worth 2-3k on the street.
Not investing the time or money yields shitty mid weed that is worthless anyway.
I still think thats way more than what one person ‘needs’ for extracts but ideally I could grow myself 50 plants and bathe in the extract if I want.
18 plants per person is absolutely hilarious. I completely support anybody growing as much as they individually want at home, is just a plant and its not gonna poison anyone.
1 plant of the right strain, with a level of skill in growing, yields 1-2 pounds. It’s a seventy day grow/harvest cycle. 6 plants with a yield potential of 12 lbs. every seventy days for one person.
not discriminating against habits, and I use a lot of cannabis myself, but I couldn’t use 12 pounds by myself within two months if I used it like potpourri.
20$ seems like a distant dream. It seemed more likely in 2018-2019 when it jumped to 4.17 when the whole sector was in favor.
are you telling me there are legal dispensaries somewhere selling mids for 60$ cuts?
The flower quality and pricing is wildly varied I wouldn’t be surprised. PA where I am the flower I get from Jushi always seems on the weak side if not ineffective meanwhile what I got in CO was pure gasoline.
The black market still floats for 180$ ounces here with better quality stronger flower that’s usually homegrown very well, so buying legal hits you on price and quality pretty badly.
apologies not great at reading these but doesn’t it say shwz is negative 4 million on operational cashflow? I thought just had like 8 mil in operations profit. or is that the trailing twelve months thing
can i get a best in class stock price tho
those sub dollar shares seem nice rn don’t they. i wonder that we’ll fall back soon
b/c of the share count, volume, and market cap wouldn’t you say that that is a skewed comparison? I just mean, how’s moving the price going by yourself, as a retail investor, lol. w/o institutions really putting their money down; the name popularity tlry has we’ll be here forever. I agree I thought we would have been set by now after laws passed in 2020 or 2021 but they still haven’t gotten anywhere at all, pushing any potential realized growth for us down the road
You might be overestimating buying power of the retail investor idk. There does seem to be interest, just not institutional capability to act on it. And any retail investor w/o a stomach for risk isn’t going to jump in before it’s on the NYSE don’t you think
I’m still curious about that ‘something big is coming’ thing from lowell if it possibly is related to shwz at all
I don’t see anything about stock dilution in the earnings report. Is everyone referring to the 16m convertible debt?
Didn’t the company raise nearly 100m in financing and spend part of it only two months ago? The loss doesn’t look good but it does appear to be frontloading losses so the rest of the year looks much better but I could be wrong.
Isn’t it still better for the company long term to have more time in this wild west of a land grab before institutions can divide it amongst themselves. Besides refinancing the debt anyway
it is kinda nice to average down. picked up another 900 shares ish not this low but yesterday and im alright to load and wait.
the pin will drop sooner or later
a good time to find out how recession proof things are. if covid is an example when other things slide people still turn to cannabis
i know everyone has their price but I sincerely dont think Dye wants to sell. he wants to build one of the best and own it until the buyout price makes his family wealthy through the next ten generations
as if these hands would fold under ten dollars a share
why december now?
where did all the volume go
feel like a total crazy person to have a target of like 10$-20$ but im young i guess i can afford to wait and see where this goes. certainly over leveraged here but when you think something is gonna grow ¯\_(?)_/¯
wonder when the next acquisition is. there’s usually some sort of larger announcement, company PR for the most important holiday. mi favorite ‘olliday.
wouldnt you say its ideal to wait for federal legalization? sure it could bounce, but isn’t it better to wait for it to stabilize to a higher price a year or so after nationwide legality? im not sure Dye was entirely kidding when he said 100$/share. Sure, what he meant was “I’m not selling this is my child” I think, but I wonder what his realistic target is
i think the lesson to learn from bureaucrats is always fully embrace your inner pessimist
early week’s volume really seemed to dry up fast
it was around now last year that the starbuds deal closed and we were all swearing up and down that a year later it would be x and we’re almost as low as we’ve ever been.
The only salvation really is that the company’s fine, Dye is delivering+, and its probably better to zoom out and think of this as one year in from a 5 year movement
think we’ll see another announced acquisition before earnings? i wonder how fast they’ll close urban health
new disp & grow acquisition. Urban Health & Wellness Inc.
in theory its as recession proof as alcohol but the nature of the markets politics probably haven’t let its roots get so deep yet.
The legality process is atrocious. been medical for decades and almost a decade recreational there is really no justice to be had here but for money
shit id feel wildly successful to see three goddamn dollars again
he did done told us 100$ if its half that price or even 1/4 i’d be wildly successful lol
I did enjoy that thank you.
Markedly hilarious that SHWZ survives a mega volcano that would torch the sky but not communism.
I wouldn’t say no to free government weed even if it was shitty mids.
afp is most likely too right unfortunately. cannabis was a too volatile market before this and now there’s a lot more to say on a stable investment.
I suppose if it is a silver lining it allows dye & company to keep their heads down and build a silent juggernaut. I still find it odd shwz hasn’t seen some kind of rise, maybe earnings will change that a bit but doubtful.
We will probably also see something of a jump in green energy and electric vehicles. People probably locking in for a long haul already on this. After two years of what we’ve had, its better to just rely on controllable inexpensive modern tech.
at least now more than ever wfh is supported. i have considered even selling my car b/c of need but having one is convenient
I’m wondering how we we fare in the coming days w/ cutting out russia from the international banking world. oil will be in turmoil for a long time i bet but i think we’ll see a strong showing from shwz at least. its weathered everything else incredibly well and grown all the while
no it hasn’t. I think it was on a steadier uptrend though before tuesday or wednesday when the tensions ramped up again. with things as they are it prob wont rise as it would have otherwise, but still will eventually.
literally the only silver lining is that it tanks the price so i can average down more. and it is incredibly rewarding to watch Justin Dye and SHWZ thrive as they are in these horrendous situations.
I will hold out minor hope the intoxicants industry does really well but 2022 could turn into another wash year as we wait for things to settle down.
Russia lost like 45% of its stock overnight. Nobody wants to go to war except Putin, maybe if all the nations decide together to cut them off as much as north korea we could send them into a freefall economically.
in that regard I guess the silver lining we have is that cannabis should be rather recession or global unrest proof. at least weather it similar to alcohol
I’m referring to Hollywood as an idea more than a geographic location. Hollywood is everywhere, it’s one of our country’s major exports. “Media culture”, if you will.
I’m missing your point entirely. What does it matter what part of the country a business is successful in? I am like the wind. I live everywhere and nowhere. But East Coast at the moment.
It can be ironic what a business puts money towards. I used to work in Cybersecurity right. You might assume a business places a high priority of the security of its practices, data. IT is generally seen as a “liability” or a “cost” to the business that doesn’t procure profit from tech products, yet, one ransomware attack held hostage for 7 billion and mindsets about what to invest in changes dramatically.
It is proven that businesses that engage in social and environmental equity, that engage directly with as many communities as they can, perform the best. Apple probably case in point. Sure it’s “costly” but some things that you spend money on are invaluable.
The issue at hand I think, with SHWZ, isn’t that they don’t have the business or the product for the customer coming through that door.
Again I think there’s PR issues. Why are they STILL seemingly under the radar
I wasn’t even referring to his blackness but yes a good move for shwz would be to open a PR position to push social equity. African Americans are today still disproportionately affected by the injustice of the illegality of a plant. 800,000 nonviolent cannabis offenders are jailed annually or some absurd number. These white CEO’s shouldn’t be able to take such profit while there are millions in jail for what they are profiting from.
Supporting a community our own government and people have committed heinous crimes against for centuries is racist yeah.