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Monday, March 21, 2022 12:50:38 PM
The industry as a whole sucks, which makes $UNRV suck even more.
The revenue from asset sales has been realized, and the real work of running a dispensary business has yet to be proven. Maybe a leaner company using contract operational support might help, but could be pissing in the wind waiting for the inevitable collapse.
Also, I doubt $UNRV has been able to grow operating revenues in this environment and hence why the recent registration of stock.
Here in my neck of the woods, those with access to capital and operational expertise have been continuing their "roll up" strategies as small companies struggle with lower demand and sales.
https://www.westword.com/marijuana/colorado-marijuana-sales-reach-new-lows-2022-13622122
California news:
https://www.nbcnews.com/news/us-news/-brink-collapse-california-pot-businesses-call-tax-overhaul-rcna12175
https://www.rollingstone.com/culture/culture-features/california-weed-cannabis-crisis-emerald-triangle-1302545/
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