Medicine Man Technologies Inc (SHWZ)

[damAcon1]

Some challenging parts...lower total revenue due to wholesale and lowing guidance...but seriously though did you see the margins? I am gonna pump this...and let the haters hate...

Gross margin 60.1%; aEBITDA margin 36.7%

Look at those numbers! These are numbers from a company that is operating in a HIGHLY competitive state, a state that the other MSOs are running from...and a second, unlimited licensed state, that the other 'top' MSOs also don't seem the slightest bit interested in. These are numbers predominantly coming from a state where existing operators are closing up shop daily. These number ARE NOT coming from states where the licenses are limited, where there are only a handful of operators and where you can price gouge due to those benefits. This is a company that operates in a state where 'true' quality matters and consumers have expectations...because the industry is well established.

Now let's look at the same Q3 numbers from some of those other 'top' operators:

CURLF
Gross margin 49%; aEBITDA margin 24.7%

TCNNF
Gross margin 56%; aEBITDA margin 33%

GTBIF
Gross margin 50.2%; aEBITDA margin 32%

MRMD
Gross margin 48%; aEBITDA margin 25%