Stevenrisk...here is my take. First the price for each dispensary is not expensive because they are all profitable because Dye stated they would be accretive to earnings. Dye is a retail expert and he will even maximize the earnings for each store due to the size and scope of the company when these deals are completed.
You are a recent welcomed new addition to many of us old-timers so we have experienced a lot until Dye came along. I believe the financing is there for the remainder of the deals, it is called Dye Capital. Dye is not going to continually reiterate that he plans closing these deals soon without a plan in place to get it done. I have no doubt about this. I have been invested in this stock (MDCL) from the very beginning of it getting listed because I believed cannabis was going to be legal eventually and Medicine Man was a great small play to get invested in the sector. But the Ex-CEO turned it into a dumpster fire and this stock would be worth $.20 a share if Dye didn't come along. I think Dye is taking these deals to complete a little slower to keep the interest in the company and keep more positive press in the company. Some people know how to work the room and this is a way to do it. Dye has done incredible work in a short amount of time. Brian Ruden's statement on the last press release assures me that there will be no problems.
Going forward after these deals, I believe Dye has another couple of acquisitions he wants to get done once the Starbuds deal is done. If we get some new surprise profitable acquisition(s), I see the stock at $20.00 by the end of the year and if cannabis becomes legal by the Federal government, then I wouldn't be surprised to see $40.00-$50.00 a share. At current with Starbuds, this should be $10.00 a share.
I wish everyone here much profitable trading with this stock but I don't worry about a few cents here or there because the percentage rate of return if my thesis comes true will make those few pennies obsolete. I usually am not much of a board poster but have been much more vocal this week because I am so excited what I see transpiring here that I want to keep all the great posters here updated. I plan on taking a much quieter approach and backseat next week since I have been talking too much. Everyone have a great weekend and I see us breaking that $3.25 barrier next week.
