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Re: Drugdoctor post# 20502

Tuesday, 08/22/2023 11:06:59 AM

Tuesday, August 22, 2023 11:06:59 AM

Post# of 21245
I was all for expansion initially, and assumed in a fairly short amount of time that Safe Banking would pass, other scheduling changes at the Fed. I bet they did too. That's proving to take years instead, if ever. I now think they need to manage debt, rather than aggressively expand. The need to push, rush expansion, in my opinion, is no longer as critical as it was in order to gain and maintain marke. Now that pot is in the dumpster, other companies are struggling and will disappear, and pot will be in this state for some time due to how the states are rolling out their models - the over-licensing, the product saturation - why aggressively expand? Get the house in order from a debt perspective, use current operations to incrementally and less aggressively expand, and do that organically, with buildout. Commercial real estate is at a low, should be plenty of spaces to get on the cheap in good locations - that seems a better path to me. Selling shares for large expansion no longer makes sense at these levels. As a shareholder, it would only make my unhappier. I'd prefer hearing about debt management / debt reduction as a focus now. I'd be interested in other's thoughts.
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