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Monday, February 07, 2022 9:50:02 AM
“We think the market will go up three or four times (if full legalization passes),” said Mark Hendren, president of Flora Farms. “We hope that and we expect that. And that’s just looking at what’s happened in other markets.”
https://www.stltoday.com/news/local/marijuana/booming-missouri-medical-marijuana-industry-bets-on-full-legalization-in-2022/article_c700d32a-fa13-57a4-af79-2e64b0152284.html
Perfect timing for Heritage to be starting up operations in Missouri. Was happy to hear production will begin in spring in the update. Talk about getting in on the ground floor if Missouri legalizes in November.
To me the newly legal rust belt states are a better US entry point for Heritage over the heavy competition found in the western states. Hopefully Merida can get Heritage into Michigan where they also have cannabis dispensary investments.
Looking forward to seeing Q4 earnings end of month, and Q1 one month later. From the updates my guess is around $13-$14 million in sales for the two quarters combined. If so this large amount of cash flow might qualify Heritage for traditional financing to expand. Fingers crossed :) always imho glta
Inventory Update-The two new infused pre-rolls that sold out on BCCS were quickly restocked. Now one has sold out again (Hippie Crippler), and the Blue Zkittlez remains. Also the two new Pura Vida Full Spectrum Honey Oil Carts have sold out. Will update on restock. Liking the selouts with quick restock!!!
Pura Vida Indica Honey Oil - 714.4 mg THC. Loving this stuff...
https://www.reddit.com/r/TheOCS/comments/sit7kz/pura_vida_indica_honey_oil_7144_mg_thc_loving/
Posts are my opinion only, and not advice of any kind. glta
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