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Drugdoctor

08/21/23 9:28 AM

#20498 RE: damAcon1 #20497

Well, I know they want to continue expansion, but with cash now dwindling, I hope they move very very carefully in the acquisition space. With the share price so low, using shares to fund expansion will cause much dilution to all the previous investors and likely cause some on the fence to go ahead and liquidate, so I believe they are up against the wall. However, at 2 million dollars per dispensary, they could potentially acquire 15 more dispensaries with just cash, so they just need to tread carefully at this time, and hope the upcoming presidential elections will get the do nothing dems, to finally try to get something done in the safe banking, decriminalization area of cannabis statutes. Basically dead money the rest of the year here is my bleak assessment, but you never know. GLTA