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Tuesday, November 07, 2023 1:16:45 PM
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172847095
While I still want to justify my previous comment about liking the company "operating and proving themselves in the foxhole"...as a long term success story for when the industry normalizes...I truly question when "normalization" will ever, if ever, happen. Obviously the longer it takes the less appealing SHWZ looks in comparison to the other MSOs operating in markets where the race to the bottom is delayed due to state protection/limited competition. and/or growth into markets chasing the medical to rec flip.
There has obviously been a disconnect with the industry via social media echo chamber as compared to reality. I have spent a lot of my time trying to learn the other side....and unfortunately, in doing so, it hasn't strengthen my long term outlook for the existing industry. The only thing that I continue to fail at is the timeline of events; today, tomorrow, 5, 10, 20 years from now....and believe that there is still wiggle room within the current operators (and possible/potential catalysts, who knows) until that timeline becomes clearer.
I know my thoughts around Schedule III are in the minority, but with the excitement around removal of 280E...I honestly see it as a rug pull for the industry we know of today. The government appears to be focusing on increased research. Focused on cannabis "medicines" via FDA approval and pharma....and I think it will be a cold day in hell before the government/medical community ever accepts 'combustibles' as a successful form of treatment. Now the runway could be 20 years long...and I don't think one could ever remove the form of smoking from cannabis consumption...but what we have as a comparison is the tobacco industry and their (combustible) trajectory. Technically, the government could force smokables back to the illicit market by cracking down on legal products/operators. Another growing concern of mine is the psychoactive hemp derivative, legal, NATIONAL, direct to consumer market...the industry could continue to backslide even if most of the top-players are chasing growth via protection.
Call me Pessimistic-Pete. I will try to limit any additional negative rants...while hoping for best to (at least) breakeven than watch from the sidelines.
Some other, probably stupid attempts at prediction....Ohio (just barely) passes rec via ballot today eventually forcing the hand of Pennsylvania. Pennsylvania will show that there is a way that the government could oversee this whole process by forcing state run testing and retail. Florida will somehow manage to fail to pass adult use, whether it be shot down and never coming to vote...or coming to vote but not getting the 60% necessary to pass.
Recent SHWZ News
- Form 8-K - Current report • Edgar (US Regulatory) • 07/11/2024 09:00:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/08/2024 08:11:33 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 05/17/2024 08:12:44 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 08:50:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 09:26:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 12:34:36 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 12:33:43 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 12:32:39 AM
- 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 - 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
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