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Re: StevenRisk post# 19734

Thursday, 03/23/2023 8:29:28 AM

Thursday, March 23, 2023 8:29:28 AM

Post# of 21245
I am excited, but cautiously optimistic. Unfiltered first thought: I cant really see a buyout or a merger. Maybe a merger with a small single state operator providing us entry into a new market? I could speculate as to a potential public candidate...but I am not sure the company would be interest in merging with another public entity simply due to possible loss in shareholder value if there is an stock price discrepancy (what do they call it...arc?) between the two companies. Going further, I dont see the company wanting to merge with any other (current) MSO because, to put it frank, they suck. As for buyout, I am a believer that that option would need to come from some larger CPG before it was taken seriously, and that wont happen until the federal lanes are cleared. If I had to wager a guess...and, not trying to be a Debbie Downer, I am just struggling to connect the dots...I feel like it is a vote to increase the share count. I think everyone sees the blood in the water and Dye is trying to get out ahead of the curve. I think to get to the 50 stores in NM and 100 in CO the company needs additional wiggle room. Buyouts take cash and stock, and we are nearing the companies 250M share cap. I obviously have no idea what IPS bumped into recently to stem his optimism, and keep him on the sidelines. My optimism is really stemming from his excitement...but otherwise...my magic 8 ball is reading cloudy with a chance of meatballs.
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