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Thursday, November 08, 2018 11:24:50 PM
So let's see......
They go out (3 different companies), spent $26-$53MM per location, many of those simply dormant licenses, and in some cases with 8 figures annually in lease agreements, all with valuations in the billions, but the merger of 2 companies with a combined cap of less than $200MM to assemble a similar collection of holdings doesn't show promise, and is a bad idea?
There is zero honest, unbiased, and accurate commentary on these matters, and no one who actually has any interest in profits would state the action, and results are nothing short of quite wise...
And btw......since of course the endless nonsense is from non industry, non business owners, unfamiliar with even the basics of any of these companies:
Between Schiavone and NuLeaf, they automatically surpass (quality, production skill sets) by leaps and bounds all companies discussed....I have first hand intimate knowledge of quite a few operations from all 3 companies mentioned..
(I'm trying to leave specific company names out.....one a $650MM collection of B listers with 8 figures in leases for non operational grows, whose product is generally known as bunk......another unable to build out cultivation sites....yet another that every time they take over a dispo they're boycotted and their cultivation's (the ones that are actually operational) are disaster zones.......smh...
So yeah....
Let's compare companies with essentially the same holdings, lesser quality production, the greatest deceptive statements ever produced in the industry, losing up to 10 x more per quarter, paying up to 10 x more than reasonable for holdings, with multi billion dollar valuations referenced and applauded by those who don't have a clue lol...
Want to talk "real"? There you go.....because no one thus far is actually talking "business".
They should proceed, and focus on clearing their pipelines over the next quarter or so, and the final product will provide a far greater value than either company would hope to achieve on their own...
According to actual industry activity, by the time they're done, (clearing pipelines and merger) value's anyone's guess but recent comparable (of lesser quality operations and holdings) fall in the $700-$850MM range.
I've got a post over at the red company's page with some of their lease agreements and pics of what one of their recently acquired $26MM dispo's (rented in a strip mall with $2k in office furniture) looks like....
It's too personal to be business.
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