Saturday, June 03, 2023 9:00:02 AM
I think it flies in the face of the playbook, reducing cash for expansion.
The industry and company are in its infancy and so bleeding cash through a dividend scheme is just bad timing.
JD's close to vest style with the lack of serial press releases is refreshing for an OTC company, where passing gas is often celebrated with a PR by OTC CEO Hucksters.
The move would be seen widely as just a gimmick, everyone knows SHWZ is not a blue chip and no other cannabis outfit is.
As one damAcon1 posted, what if financial circumstances dictate pulling back the dividend, then the effort turns into a more harm them good move.
Your idea of SHWZ developing an internal IR department would be far less expensive and produce better results to buoy the stock price. This is a great proposal as tasking the CFO to handle investor relations is spreading Mr. Hoffmaster too thin. Let's get the most out of his talents by leaving him to the numbers and finding the best IR person for SHWZ.
We know what we have here with SHWZ and this talented Team that JD has put together. It makes it more frustrating to drift down to a buck, and still have them considered a Tier II, with most everyone else in the industry bleeding cash. IMO, we are heading into the final summer doldrums for the cannabis sector. With the Presidential elections in November 2024, cards will soon have to be turned onto the table. I will not be surprised by a rescheduling of cannabis in the spring of 2024 and decriminalization Federally to follow, with enough time to use as a campaign tool. Some form of SAFE will pass before the end of 2023. All my opinion/gut feeling or my best tea reading.
https://en.wikipedia.org/wiki/Cannabis_policy_of_the_Joe_Biden_administration
Winston Churchill was quoted as saying “Americans can always be trusted to do the right thing, once all other possibilities have been exhausted.” It was probably said based on the plodding nature of our political system that allows for too much delay in getting things done in favor of finding ways to enhance campaign contributions for every crisis or decision Congress makes. A politician's best skill is knowing how to milk a cow.
As much frustration as these cannabis summer doldrums will offer, I advise caution and patience and believe the virtue will pay off in the end.
Best regards
Recent SHWZ News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/23/2024 12:30:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:52:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:01:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:00:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 12:27:57 AM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 02/15/2024 11:37:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/15/2024 11:36:05 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 01/31/2024 10:27:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/16/2024 09:08:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/16/2024 09:07:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/12/2024 09:41:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/09/2024 04:40:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 10:01:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 10:00:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 09:56:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 09:53:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 09:49:51 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/06/2023 10:05:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/10/2023 05:22:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/06/2023 03:11:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/05/2023 09:23:16 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/05/2023 09:22:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/05/2023 09:21:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/05/2023 09:20:19 PM
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