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In Plain Sight

01/17/23 2:51 PM

#19272 RE: damAcon1 #19270

Also looked at CO and agree with what I've seen. Was interesting to see the drama at Native Roots, a former terminated term-sheet, but the growth there was incredible over the last couple of years despite the internal litigation...despite all the motions, the interesting thing to me would be "cash for keys in places we not be's" and continue the model. Or, an attractive dance partner, but they DO have a way of surprising!

Steven, thanks for the percentile update. Impressive and I too think very likely as actually and reasonably accomplished given what we can find with a Dec demand bounce anticipated.

https://www.westword.com/marijuana/denver-judge-native-roots-marijuana-ownership-battle-14081538
Bullish
Bullish

olivernoyes

01/17/23 3:21 PM

#19274 RE: damAcon1 #19270

I think this is the year they will do two things to improve growth:

1) On the one hand they do nothing different and just continue to run a tight ship and be a strong contender, then wait for the weak to fall. Over time, less competition = more traffic driven to SHWZ stores. I don't think a lot of people fully grasp the significance of the fact these companies that are in trouble CANNOT FILE BANKRUPTCY. Cannabis is still illegal on the Federal level, so they can't gain relief through the Federal court system. That means they either sell for pennies on the dollar, or they just run out of money and close up shop.
2) Cherry-pick the best locations at bargain basement prices.

I don't anticipate them going to another state at this point, but you never know...
Bullish
Bullish