Medicine Man Technologies Inc (SHWZ)

[damAcon1]

I finally got around to pulling the information. Overall New Mexico sales were down MoM 10%, but as IPS has mentioned, it looks like explosive growth regarding New Mexico Dispensary count (57 total; 41 R.Greenleaf and 16 Everest -- according to NM CROP).

With the NM dispensary count increasing by 24 stores, I am curious to see what their cash position will be sitting at when they release Q2-23 earnings. We can all see the challenges in both the CO and NM markets, so the Q2 ER is setting up to be a let down. I expect the "analysts" to only see/report the combination let down of both revenue and cash decline, without diving any deeper. If this happens, I am thinking that this could present a decent buying opportunity...but will be weighing my decision to add based on whether or not the company manages to find a way to maintain their gross profit and adjusted EBITDA margins.