The boards sometimes have a life and perception of their own.
If one acknowledges valid shortcomings, one is assumed to hold a certain position, and if positive, is assumed to hold another.
I have an intimate, first hand knowledge of many/most, of which I would never disclose for various reasons. (MedMen and Pharmacann included)
But there is a difference between personal (and professional) opinions, and trading opportunities, and it has always been my position, even when pointing out the negatives MM is/will be an absolute gold mine for a disciplined, patient, and cautious investor/trader. The last several days certainly seem to be such an opportunity.
I think there is no disputing they will one day be absolutely immense. The downside is what is/was the cost to accomplish such. I think moving forward their numbers are going to be absolutely comical (revenue increases), but again, at what cost.
NY and FL markets going to be absolutely ridiculous (adult use) as well as IL (adult use), and they're positioned well in all 3, but again, the costs. (FL specifically, due to number of locations permitted).
What specifically bothers me is the PCann write ups/PR's touting them as superior producers, which they are absolutely not.
Can that be quickly and easily remedied? In the blink of an eye. (Change out cultivation staff, done deal) Myself and associates actually undertake "turnaround" engagements. (Lesser quality facility and production, get the on track as high quality producer. Most of the time simple, quick, and at very little cost. Anything, anywhere, at any time can be turned around very quickly and easily, so, this isn't something (to me) which is too much of a problem/issue.)
(I also have an issue with them (PCann) being PR'd as "one of the largest", as they are definitely not....Maybe top 30 in holdings?...)
As above, I think it will do very well (the stock, traders/investors), but they have quite a bit of work to do before they truly "dominate". (And they most likely will for various reasons)
What bothers me most is PR'ing inaccurately (by many newer entrants to industry). The industry has struggled for far too long to reach this point and have companies presenting false information. I personally find it a problem moving forward.
I love MM (trading), up 7 figures since they started trading, and feel very comfortable with the bottom(s).
It's too personal to be business.
AI
