The excessive amount paid for several acquisitions in Colorado have always been a concern for me including Starbuds. They paid over $10 Mil per dispensary with incentives for even more.. while many here have been fans of Dye I am not as the monies and earn outs with stock etc. have been excessive imo. While the results have been better than most..
The 64k question will be at what cost of additional dilution. This interest cost alone could crush us if the feds/states don't do something soon to stop or atleast slow down the black market. Anyone who refuses to acknowledge this really does have their head in the sand. I totally agree $30 Mil is extremely excessive and then to think renovation costs. Yep Dye had/has the abilities but very well but currently in position better suited for company st this time.
They truly needed CEO n old CFO to step down which they did and lead the path forward. With that said I still very much appreciate Dye and his vision as without it their would be no company period.
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