Medicine Man Technologies Inc (CE) (SHWZ) 銘柄情報

So why did they call Dye the CEO of R. Greenleaf?

I think the debt has been 196 million for awhile. Since there haven't been updated filings, don't know where benzinger is getting their info.

https://www.benzinga.com/news/earnings/24/11/41842626/schwazzes-q3-preliminary-revenue-slides-as-debt-grows-2023-financials-face-re-audit

Yea, I noticed that they didn't talk about net profits or losses, and I expect there was net losses, and 200,000 in "cash flow from operations" is almost nothing, imo.

I'm not sure exactly what this means either... "our ability to outpace two highly competitive markets while generating sequential improvements in profitability? and positive cash flow from operations,” said Forrest Hoffmaster , Interim CEO of Schwazze.

The decrease in revenue could have been because of the discontinued operations of those closed units, which could have made the losses smaller. Guess we will just have to wait and see.

and 42 million noted in the prelim release is a million less than the previous quarter.

They said today in the preliminary earnings release that they will release 1st and 2nd quarter earnings at the same time, as far as the 10Q SEC filings go.

I had hoped they would be caught up by now and would file third quarter 10Q on time, but they said that's not going to happen, so it could be until March 31st of 2025 before they become current and begin trading again. So I have waited this long, another 4 and 1/2 months, if that is the case, is not that much longer...

preliminary earnings release
https://www.fidelity.com/news/article/investment-news/202411071605PRIMZONEFULLFEED9269032

No earnings date? Not sure what to expect. Or are they about ready to restate and do it all at once. Your thoughts sir.

If their is any reason to be bullish on SHWZ it has to be Forrest Hoffmaster. His interview in Sept. which is avaiable on there web site really puts into focus his extradinary understandig of the business in 18 months. He understands where they were at and what it takes to get them where they want to go. It could be all BS but I just don't think so. At some point I wish they would appoint him as the permanent CEO. With him at the helm I believe throwing alittle more m9ney here is well worth 5he risk. If anybody has time please listen and share your thoughts.

PS he unders the mentality that just build it and they will come does NOT apply.

Well, I have stated that the expert market trading is totally manipulated and not reflective of any value of the company whatsoever. However, when I see folks paying .25 for shares, when it traded below that right before they went expert, I ask myself why they would pay that price when expert markets rarely trade over .01.

The answer is they believe the company is worth at least .25.

In the event they straighten out things with the auditors and get uplisted back to where they were I would think .50 is a given. Of course imho.

I think the only value is that the stock is fluctuating between set points and if you could trade on the expert market you could make 50% or 100% every other day selling when it hits the 20s, buying when it hits 11 cents? Haven't seen anything else to suggest excitement here.

Nope - we talked about that other Starbuds on this board several years ago and how they had the same name as our Starbuds.

Hmmm...interesting. Do you think they're coming after Schwazze next? Seems like they would have by now if they intended to do so. Fingers crossed! lol

https://www.greenmarketreport.com/starbuds-busted-for-starbucks-copycat-logo/

34,400 shares traded at .25! Someone sees the value down here at these prices...

Good news. I'm cautiously optimistic as I do think the CEO was a good move.

Is-Colorado's-Cannabis-Market-Back-On-Track?-A-5%-Sales-Boost-Says-Yes

Colorado Sales Up 5% Quarter-To-Date
In Colorado, legal cannabis sales totaled $122 million in August, holding steady month-over-month but down 8% compared to $132 million in August 2023. However, on a quarter-to-date (QTD) basis, sales reached $245 million for July and August, up 5% from the $233 million recorded in April and May.

The Colorado Department of Revenue (CDOR) reported 673 adult-use dispensaries by the end of August, with an average revenue of $162,000 per dispensary, or approximately $1.9 million annually. This is a slight decline from $172,000 per dispensary in August 2023, but the year-over-year declines in revenue per dispensary have slowed, partially due to a 2% reduction in store count since January.

Notable companies with operations in Colorado include Schwazze
SHWZ
and The Cannabist Company
CBSTF

https://www.benzinga.com/markets/cannabis/24/10/41322446/is-colorados-cannabis-market-back-on-track-a-5-sales-boost-says-yes

Hmm. Closer.

Today changes everything imo. Volume is telling and I am now turning bullish. Good news is coming imo. Last trade was 17k.

Kind of a freeby. They aren't paying anything for them. However if it doesn't hit $1.03 they get nothing. Nice to see they are way out of the money. Yes it is a positive. I'm still sitting on a boatload and it might be worth a gamble to average down significantly.

So insiders got shares at $1.03 exercise price today. What do you think about that? https://ir.schwazze.com/static-files/65ef4443-52be-419d-94b7-598b090cb3ba

.2995

.30 now

Me too!

Trades over .24 yesterday, and 1000 share trade at .25 today. Even on expert market they are paying a decent price to get some shares. I believe the filings may start hitting soon.

Oh, it's just a bump in the road. Dye only has 100 million dollars at risk, lol

Weird as though Dye and his minion make it sound like their is absolutely nothing wrong here. Yet the price share languishes between .01 to .20
Any thoughts? Honestly I really dont know what to think.

insert-text-here

I had to conduct an interview so I wasn't able to listen live, however no one asked about the audited financials. Ugh. Seems like someone would ask.

...and even then they didn't have much volume. lol

There will be no real volume until they are back trading OTC

So much for the volume pump. Back to scratch.

22.5 k traded today. Interesting. Keep an eye on this.

Good points, I like the CYA measures. SHWZ should be thinking of ways to protect themselves and it would be wise for them to cover this with their attorney.

Agreed, but now realizing that, even though there are 1000+ dispensaries in NM, that, as the largest MSO in the state we are probably the most suseptible to the (misleading) negativity/fallout from state/product recalls. It makes you wonder of the company's product selection/offering policy and whether or not they will change/update the policy to try and better protect against these issues in the future? I get that cannabis is a 'live' product, and therefore suseptible to any produce related recalls, but THIS -- a prohibited pesticide -- is preventable. The downfall is that a dispensary is supposed to be a gatekeeper when it comes to product safety...and this product managed to get on so many shelves. It makes you wonder the COA that was provided to the dispensary to get it on the shelves...did it contain a pesticide test, and what did it say (probably misleading, cause you might not be able to 'catch' everything, which is where the state comes into play)? And if it didn't contain a pesticide test, it is probably time SHWZ update their standards to include several layers as a CYA.

I am just glad it was not a Schwazze product as there could be serious liability consequences. I do get the initial reaction but we dodge a bullet on this one.

Yes. Thank you for clarifying! Huge difference. I didnt watch the video, I just totally misinterpreted the article. I guess it makes sense that the retail outlets would have/sell the contaminated products...and need to pull them from the shelves...but dang that article was poorly written making it seem like it was retailer, in-house, product.

Thanks for that clarification.

Looks like Maggie's Farm is the producer/packager of the products that were contaminated. Maggie's Farm owned by Bill Conkling and to my knowledge not associated with Schwazze or its investors. So thankfully it's not a product produced and packaged by any of Schwazze House of Brands.

https://tracxn.com/d/companies/maggies-farm/__ipz-yQyr7qTa9YwF_sl34lWO_bss9pvglIdCpbxizZc

https://kfoxtv.com/amp/newsletter-daily/bad-trip-contaminated-cannabis-makes-its-way-to-sunland-park-dispensary-r-greenleaf-organics-dispensary-new-mexico-cannabis-control-division-weed-recall-pyrethrins

https://www.santafenewmexican.com/news/local_news/recall-ordered-for-cannabis-products-over-contamination-concerns/article_cfd57d2e-6c8d-11ef-b9b1-8b2fd23707c6.html

https://www.elpasotimes.com/story/news/health/2024/09/06/new-mexico-recalls-marijuana-over-excessive-pesticide-contamination/75107016007/

Way to go SHWZ, you dominate the list! Too bad it is product recalls for testing positive for a prohibited pesticide!

https://www.krqe.com/news/recalls/dozens-of-marijuana-products-in-new-mexico-recalled-over-contamination-concerns/

Up 172% today on 3550 shares? Must be getting ready to file some financials

https://www.msn.com/en-us/news/politics/trump-says-taxpayer-dollars-shouldn-t-be-wasted-to-arrest-people-for-small-amounts-of-marijuana/ar-AA1pLV4U?ocid=msedgntp&pc=ACTS&cvid=fc3a0d199da84670b2e5856ffe481fd1&ei=15

https://www.marijuanamoment.net/dea-schedules-hearing-on-marijuana-rescheduling-proposal-delaying-final-rule/

No, not grim at all. Still positive cash flows, the debt can be managed and the creditors are friendly. They just need to get the filings current and get back on OTCQX. I do believe they now understand how important the stock price is and will manage the company accordingly.

Does anyone have a path that doesn't involve bankruptcy? 12 million cash with approximately 160 million in debt due Nov 2025 is pretty grim.. I own 400,000 shares at an avg cost of 0.59..I would love to hear from anyone what that path would be. I think we need a legislative and scheduling hail mary at this point.

Good, now Canadian investors can't grab all these underpriced shares off the expert market either. Let's see some filings updated, Justin...

https://www.newswire.ca/news-releases/canadian-investment-regulatory-organization-trading-halt-shwz-837262131.html

I don't see any movement on MJ at the fed level until at least a month or two after inauguration. The question will be, would passage (safe banking, rescheduling) be one of those "In the first 100 days" items for either president/king/queen that gets elected for the next four years. It could be an easy win to chalk up and prove some competency, progress, action in either administration. But perhaps sniping will rule the day next year rather than doing anything meaningful in congress. I see another impeachment attempt of Biden is afoot for when congress comes back from summer recess - more time and dollars well spent by congress rather than doing their job.

If SHWZ can consistently show net profits between now and then, yes, a bump is possible. And with the stock in the gutter, getting back to sixty cents would be a big percentage bump for traders.