Replies to post #17167 on Medicine Man Technologies Inc (SHWZ)

[Fallingknife75]

I agree, a number of followers have probably moved on. When the sector starts to recover we will likely see at least some of them return. With cannabis sales slumping or stagnating in several states and input costs rising it will drive many smaller or poorly run operations out of business. This could be an opportunity for SHWZ but I want them to remain selective in their acquisitions.

All the best,

Knife

[damAcon1]

I think most have nothing to talk about with the way the sector, let alone the market, has been. As for SHWZ, it seems something should happen soon because the company has lofty 2022 revenue and EBITDA estimates. As for Colorado, people keep talking about sales being down, and they are compared to 2021 COVID sales, but they are still up compared to pre-COVID monthly averages. If they hit the monthly averages, from 2018-2021, for the rest of the year, 2022 appears to be on par for 1.9B in sales. Here is a comparison of the first 4 month sales for that time period:
2018 - 490M
2019 - 505M
2020 - 587M
2021 - 768M
2022 - 612M