No sales benefits SGMD in the MJ space. The MJ was a ploy to attract investors not open MJ stores. Let say they did sell $20,000,000 in MJ products and netted $10,000,000.
Now lets pretend SGMD posts $10,000,000 in net profits. That revenue and net does ZERO to help e stock. If SGMD does some reverse stock it wont be due to the high sales and net to make the shares worth more after a RS but to close out investors holdings in preparation for a reverse merger and new ticker and cusip number.
IF your lucky they may issue you new shares in the new ticker but it will be just a few that will cause people to start again and reinvest in the new hot topic. What was once paper supplies became a HOT topic marijuana stock because the store needs to be HOT to sell shares.
My guess is when the dump is over, they will reverse into a new lithium batter stock and claim Elon Must COULD buy the out and they know everyone will rush to buy the new ticker. That is when I short it and make money buying back for less. Thanks to investors who just do not get it.
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