Savvy Trades and Investments

[gilead23]

I’ve been buying SMKC still when I can get it at .25 or less

Both Alexa and similarweb show big traffic gains to their online head shop in oct-dec. I’m seeing traffic about 40% higher. Traffic was continuing at those escalated levels in January.

They earned just under a penny normalized against a 28 cent share price in Q3 so you would expect substantially better based on those traffic numbers for Q4.

I like their strategy in theory and how it plays into weed as a whole. They are trying to be an amazon marketplace for head shops. They changed their model to one where they no longer hold inventory, but instead have the manufacturers drop ship. That is operationally attractive in that money doesn’t have to be tied up inventory, and they can offer a large selection.

What makes me cringe is the trust pilot reviews. They are pissing off a lot of customers with order issues. If they straighten that out I like the model. You would be buying the amazon of weed related businesses for a market cap of under 10 million.