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That is beautiful Doc!
Leave us not forget that getting caught up in mergers and acquisitions is what
Led to Andy’s demise. Dye bailed him out and I am optimistically confidant he won’t fall into the same trap.
I wish people here would quit slamming Andy Williams. I was here through his time running the show and he is responsible for this company being what it is. He did some great things including co-founding the company. I do understand that he made too big of a bet at the end and it collapsed and backfired and Dye had to bail him out. But I’m convinced (with no evidence) that Andy still holds a large position of shares and is just off being a mountain man. Because he could afford to retire early.
I have stated before that I own many, many pot stocks. But SHWZ is the only one I still have confidence in. I have hope for all of them but SHWZ is the only one that is run without counting on the hype of the industry. As I listened to that podcast and he spoke of pot being a commodity that operates on razor thin margins I thought of Dye’s background and track record and smiled. I believe Dye turned down the CEO position at Albertsons because he saw this as a once in a lifetime opportunity to join the bbc (billionaire boys club).
I normally will not listen to an hour and
20 min. Podcast but I listened to that one entirely. He made so many good and accurate observations that I was truly impressed. The one place that my beliefs separate from his, and what I consider our light at the end of the tunnel, is on pot replacing abortion as the next boogie man. While I am completely aware that people will try to do this, abortions don’t pay the amounts of taxes that the pot industry does. And as we wind down from the pandemic and have to start to absorb the costs of giving trillions to the American people those taxes will become more and more attractive.
I think it is finally time to have a ride up
For the next few months. And I’m all for that.
Dye has said that he plans to take this stock
To over $100 a share. I don’t think any of them
Are thinking of selling anytime soon.
Thanks!
IPS? Any update on marillionaire?
LOL, pay no attention to the man behind the screen.
We have it all under control.
Yes, but perception is paramount!
And just think how convenient it will be for
Them to transition when the laws change.
Cheech and Chong are starting a company
To sell legal thc. They’re selling gummies with
.3 % thc which makes them legal under the farm act.
FDA has to be involved so it can become
Federally legal.
I believe Warren states it:
When the tide goes out, you
Can see who isn’t wearing a
Bathing suit.
GTLA
WW
While I think you’re probably preaching
To the choir here, how much further do
You have to look for cannabis research
Than Willie Nelson? Man has smoked
As much or more pot than anyone alive
And still going strong at 89!
GTLA
WWW
Excellent job description says a lot about the
Teams ability to run this like a retail operation.
They did quite well with Albertsons.
GTLA
WWW
I think we better quit singing
JD’s praises so loud or he’s
Going to get a big head and start
Slacking….LOL
GTLA
WWW
My favorite line in the interview
Is when JD says “we don’t need
Federal legalization to be successful”.
I think this is what the others lack.
Any move on legislation will change
The playing field, but I feel almost any
Scenario leaves Shwz in a better position.
And the precious few that don’t are the
Ones that are extremely unlikely such as
Recreational cannabis suddenly becomes
Federally legal ( not holding my breath
On that one LOL).
I also have 7 years in cannabis
Stocks and I agree wholeheartedly
That SHWZ[t][/t] is in the best position
And has the best plan of any of them.
Also JD and team have so far not disappointed
Me in any way. And that is rare!
GTLA
Could I point out that OK has
Question 820 on the ballot in
November?
I can relate to that feeling! I began buying cannabis
stocks in June of 2016 and bought my first Medicine
Man stock in Jan. of 2017 for $3.02 a share.
I had decided that the best risk stock was cannabis
because to me it being a schedule 1 drug, along with
heroin, cocaine and L.S.D., was the most ludicrous
thing I could imagine. I was convinced pot would soon
be legal. It has now been 6 years and I have been
through far more of these slumps than I ever wanted.
I still believe that pot will soon be legal, I'm just not as
sure of the definition of "soon".
I believe that SHWZ regional approach will
allow them to survive and even thrive until some
form of legislation gives the sector the shot it needs
to bring it back to life.
When that does happen I believe SHWZ
will be in a position to grow at near exponential
rates.
GoodTimesLayAhead
WWB
Fingers crossed for anything legislative.
GTLA
I envy the ones who are getting
In now. It took me years to average
Down to this kind of price.
GTLA
I believed the end of July would
Be the bottom, but I don’t like grabbing
For daggers.
GTLA
I knew what you meant Doc!
And I believe if you’ll remember
Those were going down when shwz
Was holding its own.
GTLA
I just spent the reserve I had and
Bought all I could afford at $1.05.
I added a few for my wife. My buy
Point is sub dollar. I hoped I would
Never see it get close to that again
But obviously that ship has sailed.
GTLA
I remembered she was an investor
But I forgot that was one of the pinned messages… LOL.
Smart girl. I think anything under $2.00 is a good
Safe buy. I remembered you saying she was also
An investor.
Next to you as in the wife?
I would add to your list of problems with building
The problem with licensing. Often they are buying
License because otherwise the process can be
Long, expensive and frustrating.
I believe chichus’ video mentioned one of Warren’s
Great quotes. Be fearless only when all others are
Fearful. Hard to do but proven to work decade after
Decade.
True Story, I started investing in pot stocks 6 years ago. Pot stocks were
not nearly as easy to find then as they are now but I bought small amounts
of as many as I could find. Then I watched them to determine good from bad.
I still have 20 of them but I had lost confidence in all but 2. SHWZ and 1
other. I still have hope for some but not confidence.
Recently the other stock got near my buy point. So close in fact that
I put in 2 bids on it. Then I remembered that about a year ago there was
a meme runup on pot stocks and it got caught up in that. I quickly looked
at the company stats only to find out that during that meme runup the
company issued 200 million shares going from just over 50 million to 250
million shares. I immediately canceled my bids and now have to restructure
my costs on that stock since I now own 1/5 as much of the company as I did.
Shwz is now the only remaining survivor that I haven't lost faith in.
The 15 million shares that were just registered were from a deal that was
set up in 2017. And compared to what most companies are having to do
to survive in this climate that has been dragging bottom for a long time now,
I don't find this the least bit disturbing.
GoodTimesLayAhead
Not too long ago Jeff Bezos, Warren Buffett
And Jaime Iannone(CEO EBay) were on a
Panel together. During the discussion Bezos
Turns to Buffett and says “ Warren? Why doesn’t
Everyone use your time tested and proven simple
Advise for getting rich? To which Warren replied
“Because no one wants to get rich slow”.
He said he would get it out before they went to
Recess. I guess we’ll see if he does or not.
While I’m thinking the next 3 months will bring
Some fantastic buying opportunities.
I half expected this. This is not Dye’s first
Rodeo. He loaded as much acquisition costs
As he could into Q1 so it will make Q2 look
That much better. And 3 months is not long
For me to wait.
GTLA
I’m not getting my hopes up too high
About this E.R.
The next one starts April 1st when N.M.
Went recreational. If this one pops it will
Just be an added surprise.
Damon also said his friend asked him “what would you do if
Mercedes luxury coupes suddenly became worthless?”.
Damon said he replied “I don’t know, what would you
Do? His friend said “ I’d buy 2 or 3.
Damon John’s just said on TMZ,
“Pick your best stocks and buy all
You can right now, you will not be
Sorry”.