Medicine Man Technologies Inc (SHWZ)

[damAcon1]

While earnings reports can be confusing to read, I decided to analyze the simplest core business fundamentals: total revenue minus cost of sales, operations expenses and income tax provisions. I then took the net revenue and calculated that as a percentage of revenue. Here is a review of the last quarter of information from some of the top MSOs, and SHWZ. Keep in mind these MSOs are reliant on the limited licensed, limited competitive markets to be successful...I was also incredibly shocked to see the income tax amounts that these companies report quarterly. SHWZ is just getting started and pulling a similar net to revenue percent in a highly competitive market:

All Q3 comparisons (Revenue\Calculated Net):
Trulieve - 11% (224M\25M)
Verano - 11% (203M\23M)
GTI - 9% (234M\21M)
Curaleaf - :o( (317M\-58M)
MRMD - 8% (33M\2.6M)
SHWZ - 8% (32M\2.5M)