Medicine Man Technologies Inc (SHWZ)

[damAcon1]

DING, DING, DING! My thesis as well...

"All or most of these in that same 2-year period have been stagnant or reached a point of growth"

Timing...and price...are everything! This is just another reason why I continue to like SHWZ if the industry has a tough 2023. They haven't peaked and they will continue to show overall growth...albeit in competitive markets so not as flashy, or high margined, as a the new online east coast markets...however this will provide them the opportunity to purchase assets on the cheap and see a quicker ROI than those other companies. Their peers will continue to struggle because their assets were price at cannabis being sold for $5k/pound...and they just aren't efficient operators.

Side note: I think FCF was a convo last year when investors were looking for a way to differentiate between businesses...and determine leaders. I think in actuality, the industry will complain about 280E and walk investors back to aEBITDA so they can look better when capital is not being spent as fast...and their only growth is new market and/or improved margins. I sure hope 2023 is the year where companies distance themselves from the pack, but the reality is, regardless of good/bad operators the industry cycles together...and probably will continue to until there is federal influence.