In theory I agree with you. However, the prior assets dispensaries etc. are not growing but behind year ago numbers. What you are seeing is more debt added with these outrageous terms. However, NewMexico should be the exception as those assets should grow at double digits. If they get gain traction in a new venture that isnt mature that could change my view.
It could be possible that business evaluations are dropping and as prices come down Schwazze could get more bang for the buck….so waiting to acquire assets might be a cost saver….jmo