That was a good interview with George. With the cash raise question out of the way I’ve been cautiously getting long again. The overall market backdrop is terrible, so I am adding carefully. Q3 will show little of the 35’s revs and it’s clear from this interview that cpg margin compression is ongoing but no doubt the Q3 call will be a lot about the 35’s early showing and market penetration potential beyond early rollout.
The Lowell story and George as visionary pitch man are a compelling story of a possible brand titan in the making. This industry has historically been where capital goes to evaporate, rewarding smart momentum traders and trapping/frustrating buy and hold investors. I liked George’s response to the possibility of Lowell just being bought out and merely a bolt on asset for an MSO. That’s the fiery tenacity of a leader who knows they have a team and brand that’s too special to become a cog in a wheel. Definitely rooting for these guys!
On a technical note, the weekly chart is showing the same divergences as back in early 2020, which is a good sign. The caveat being a whole lot of cannabis stocks have been flashing these same divergences for months and yet the bleeding continues.
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