Medicine Man Technologies Inc (SHWZ)

[damAcon1]

This was a good summary of the conference call:

https://www.greenmarketreport.com/schwazze-narrows-losses-in-q3/

A lot of good in what was being said...and knowing margins would slip with the growth, I was shocked that the expense was not larger than it was when this was mentioned:

"Operating expenses rose to $12.5 million, up from $11.4 million last year, reflecting costs associated with operating 28 additional stores in Colorado and New Mexico." --That's not even a $40K increase per store!

My only two (initial) negative takeaways:
"The company’s financial position also showed a decrease in cash and cash equivalents to $19.6 million from $38.9 million at the end of 2022".

However this was really only a cash decrease of near 250K since the "cash" position reported in Q2 earnings ($19,872,099).

And, as mentioned to StevenRisk more so as potential buying opportunity:
"CFO Forrest Hoffmaster noted that the company is working to optimize its inventory through an ERP implementation, which is expected to lead to inventory valuation adjustments by year-end."