Medicine Man Technologies Inc (QX) (SHWZ) Quote

Just found this on their website, at least an update. Seems the 63-store count is plodding along and holding 8% of the TAM in both CO and NM and sales trending up from the dip in Q2 last year as read: https://ir.schwazze.com/static-files/8bb5e456-6f27-41a4-92d9-4a93d2c95b0b

Elsewhere hiring highlights a Treasury monitor and of course they have some 25MM additional shares to be authorized for corporate purposes as part of the '24 Proxy. BF Borgers (previous CPA firm now has severe problems with SEC for using cut and paste past data as a basis for reporting non-current as what was supposed to be at another company) is out and now Baker-Tilly in with current BoD staying put.

Valuation upside from 280E removal (Zuanic & Associates) 🔥🔥🔥 $MSOS pic.twitter.com/mX5hUc5pOP— WeedStreet420 (@WeedStreet420) May 6, 2024

I wonder what % of this was confiscated by Customs and Border Patrol?

Down alittle from March but 1 less day. Overall a very good month. Question being is SHwz sales bottomed there. If someone could pull SHWZ numbers from the data that would be great. I still expect a large q1 loss.

https://crop.rld.nm.gov/sales.html

Exactly how is that working out for shareholders? ITs management
dude!

This is what I expected to start hearing based on my post yesterday, but just not this quickly... But if companies can reduce taxes, they would free up money for acquisitions. Nice to see at least one thinking along those lines to confirm that thinking. Whether SHWZ will get swept up in this next wave of big fish eating little fish we will need to wait and see. https://www.fidelity.com/news/article/investment-news/202405020703RTRSNEWSCOMBINED_TUA1NHYNT_1

In the long list of "came and went" runs in the MJ space, this may be the camiest and wentiest of all of them. I suppose now we wait to see if congress will only dangle the carrot of safe banking past the November elections, and then fall back on their usual inaction more resolutely. My one speculative hope in the interim is that if the schedule 3 move becomes more assured as to when (hopefully also not past November), the bigger fish, once getting their taxes in order, may get ripe for takeovers and buyouts of the smaller fish again. Of which I hope SHWZ ends up being one.

Plague? Or no short-term recall...They did have a CEO leave. And prior to that the President for Retail in NM left in what could be the timeframe fit as per this lawsuit's claims. That should/could be an indication that things were addressed as actual consequences and perhaps a lack of confidence to lead. I will add that my not so infrequent dispersions cast upon HR are still an omni-present set of issues as the ESG-DEI crap is effn thriving in both CO and NM where the Schwazze calls home. That is an unfortunate systemic problem with few reasonable solutions available until the woketards give up power.

Yesterday was a nice price blip, but it appears the market has decided upon a zero out as the politicians are stalling until November with any REAL policy changes possible based on their hollow posturing. CS and his current CACA bill is doa in the HoR. Empty Senate gestures for the benefit of we stuck with stupid ultra conservatives and stupider progressives. See POTUS campaign from confines of a Delaware beach house while Rome burns. It's so screwed up. No winners possible. SAFER on the other hand the little bill that could but isn't either as conveniently buried by big pharma's uni-party doublespeak of "what is important, soon or worth laying down over". Nope. Not the best and brightest --except as grifters.

It's so frustrating listening to some of these talking heads on NBC and other networks spewing false information. Get your fricken facts straight! Don't just spew Sabet's talking points. Come on reporters, do your jobs!

We got an election coming up though....

if rescheduling happens cannabis goes from being federally illegal to being federally illegal . Darth Brandon deletes the U.S. border and won't legalize the sacred herb .

Yep, SHWZ gets tax advantages with this change (IRS related write downs, no small thing), but we still need to recover the onside kick of Safe banking and then score with recreational legalization at the federal level. But all that is struggling against a reactionary wave in many states (states gaining more power in the current Fed vs State historical struggle in the US), in places like Florida where Desantis is speaking out against MJ rec use, and others. Shwz moved a whopping 11 cents yesterday on volume over 6 times its daily average, trailing greatly other MJ stocks in terms of yesterday's bump. So we remain a lagger, struggling even to get back to a dollar after this news. So giddy excitement is not really warranted. And I agree with StevenRisk that management should have addressed the settlement the other day, as well as the DEA move, even if it was just a simple, boilerplate statement of what the rescheduling means to them in clear operational benefits. But management seems almost afraid to let anyone know they even exist.

Here's a link to what may happen..

https://twitter.com/todd_harrison/status/1785389194786799750/photo/1

But check this Chuckles Schumer comment out>>

“While this rescheduling announcement is a historic step forward, I remain strongly committed to continuing to work on legislation like the SAFER Banking Act as well as the Cannabis Administration and Opportunity Act, which federally deschedules cannabis by removing it from the Controlled Substances Act,” Senate Majority Leader Sen. Chuck Schumer of New York said in a statement. “Congress must do everything we can to end the federal prohibition on cannabis and address longstanding harms caused by the War on Drugs.”

https://apnews.com/article/marijuana-biden-dea-criminal-justice-pot-f833a8dae6ceb31a8658a5d65832a3b8

If rescheduling happens, Marijuana instantly becomes a legal drug, therefore safe banking may not even be necessary. I would think that the banks will rather quickly reach out the industry to get their business. Will be interesting to see how this all plays out.

I too have given up on our dysfunctional Congress. Our only hopes for a functional cannabis industry were 1) rescheduling, and 2) litigation (specifically the David Bois lawsuit set to be heard before SCOTUS). That's what will move the ball down the field. We can wait until we're dead before Schumer will act on SAFER. It's just a political football for him.



-280e Check
-lawsuits Pending

Surprised management has no reply. Crack pot management instead plays the ostrich head in the sand. While they should have said they have protocol set up possibly a labor relations person to follow up with these type of allegations. This really bothers me as it should every shareholder or potential shareholder. Sounds like it's time to unionize. Steal tips from a $16 an hour budtender and then management or staff gets meals. I don't trust management as this really takes the cake. Getting a settlement is one thing for the grieved individual is one thing,but running a business with no integrity and then pull this crap is totally reason to ignore this POS like the plaque!

In older days, I would be thinking, man, safe banking is a slam dunk after the DEA announcement. But nothing is a slam dunk for that dysfunctional band of fools in congress. So I remain merely cautiously optimistic they will get their heads out of their behinds during an election year and finally pass something.

This is a buy signal
..

Well, I was just wondering if this sector was totally dead at this point and then lo and behold a hail mary pass and MJ is back in the ballgame.
One onside kick from here and super bowl bound

DEA just approved the rescheduling to 3!!!!

Self centered with no concept of employees as slaves. The reviews are pitiful by past and present employees. Just a bunch of arrogant self righteous egotistical maniacs focused on entitlements from employees and shareholders!

Not a good look. Doesn't scream confidence in management.

https://tools.prnewswire.com/en-us/widget/25320/preview/landing?rkey=20240429TO99993&filter=25320

https://www.greenmarketreport.com/schwazze-settles-one-wage-theft-lawsuit-for-525k-with-second-case-still-pending/

Colorado sales continue to tank in a big way. On pace to about $1.4 bil. Down from over $2.2 bil. in 2022. Pretty much down every month. Customer rating were bad but continue to get worse. However bonuses are still great for the executives. Whatever happened to performance based? Grocery salesmen.

That was Dan Ahrens purchasing 60,000 shares for the AdvisorShares MSOS ETF during the last 30 minutes of the trading session.

Massive buying and ask slapping in progress!!!!

December 2022 was a good month for sales in NM, then they went down in January and February. March 2023 was a good month. History repeats itself now, December 2023 was a good month, January and February went down and March was a good month. The same has happened in Colorado, California and other states.
Looks like march is not a bad month for cannabis sales in the us.

I wonder what caused the growth in March.

https://www.marijuanamoment.net/biden-not-doing-enough-to-protect-state-marijuana-laws-congressman-says-as-feds-seize-products-from-licensed-businesses/

https://crop.rld.nm.gov/sales.html

Tilray crushes weed market with earnings miss

The fact that they aren't providing citizens with an itemized receipt makes it seem like there are some rogue officers writing up dummy receipts and pocketing the goods. I hope a stop is put to this.

Definitely not a good thing. Hope they get a responce on why this is happening.

some stars are mis-aligning https://www.marijuanamoment.net/federal-officials-are-suddenly-seizing-marijuana-from-state-licensed-businesses-leaving-industry-perplexed/

Anyone able to crunch the numbers from N.M. for total sales in March numbers for SHWZ dispensaries. Looking for a turnaround with new CEO and wholesale numbers. Maybe the stars are starting to allign.

Thanks for posting all those nuggets

Thank you Future2016.

“We are prepared to win in the near-term and the long-term and continue to develop competitive advantages and capabilities. And we’re really built for difficult markets and certainly we’ve had that in Colorado, and we think this is going to be a shakeup year that we’re positioned well for. And certainly proliferation of license count in New Mexico really put a damper on the business last year. However, we’re seeing less of those openings and we’re seeing a lot more closings.

“So we’re going to continue to be a tough operator, we’re going to continue to invest in our stores, our wholesale business and we really want to continue to work for our customers and we’re going to do that and I think we’re positioned well to do that. I think the regulatory backdrop may in fact give us a little bit of tailwind even while we’re participating in these couple of markets. So I think it’s bright going forward and I just want to thank everybody for supporting us and go Schwazze.” - Justin Dye

“We have a couple on the brand development and the launch pad. I want to get a little bit closer to our next earnings release to make those announcements.” - Forrest Hoffmaster

“We’ve invested in automation where it matters and we’ll just continue to evaluate cost efficiencies at all stages of the grows and manufacturing as well and a lot of that will come through ERP as we’ve already seen improve operations in Colorado grows, getting our costs well beyond competitive levels.” - Forrest Hoffmaster

“In terms of the retail market, Colorado sales were down approximately 15% on a year-over-year basis compared to our growth of almost 8%. Population in the state remained flat year-over-year, with overall store count down 3%, driven really by a reduction in medical dispensaries and also offset by low single-digit growth in the recreational stores.

“Sales volume was down about 15% year-over-year in Q4 and we’re seeing sequential improvement and we’re in a developed market and certainly going through some growing pains as demand and supply kind of normalize. But we’re built really to withstand this and I love the opportunity for us to compete in a tough, challenging market, and I think, things are certainly going to improve.

“From a wholesale perspective, cultivation licenses count in Colorado have come down roughly 22%, which is a sizable move from approximately 1,200 licenses at the end of 2022 to over 920 as of Q4 2023, which is below pre-COVID license counts.

“We’re starting to see pricing stabilization, as Forrest mentioned, in the state with flower AMR remaining around $750 in Q4 and plant counts back to 2018, 2019 levels. So we’re certainly starting to see stabilization and we believe there’s improvement around the corner, but we’re going to continue to execute, we believe, in the short-term in a tough market.

“To summarize, we believe it’s going to be leveling out with steady flower AMR and believe shows stability regardless of how we really think about retail pricing pressure. We feel good about where we’re headed from a wholesale perspective standpoint.

“Looking ahead, we believe we can maintain solid retail margins, utilize the wholesale penetration growth to protect our CPG margins and we’ll benefit from modest increase in wholesale pricing as supply settles down.

“This could be a shakeout year for Colorado and our lightweight capital model, strong retail capabilities, we believe position us very well to continue to grow share of wallet from our customers. We’re going to continue to focus on retail execution and optimizing customer acquisition with loyalty and retention and unlocking liquidity through our current asset base.” - Justin Dye

“In New Mexico, it’s still a young market, and as we mentioned on the call, sales have increased 18% year-over-year in quarter four, but store count was up over 50%. So, that’s led to about 20% lower revenue on a per-store basis to levels that we believe cannot be sustained as they’re roughly about 50% of the Colorado market. We’re seeing closures trend upwards in recent months and starting to see net growth rates decline, so all of that is encouraging for us.” - Forrest Hoffmaster

“While we expect continued competitive pressure, we believe these early trends suggest we are entering a shakeout period for New Mexico, which should bode well for our operations in the state as we look to the future.

“In both Colorado and New Mexico, we increased wholesale penetration by over 3 times in 2023 to more than 27% total door penetration in both states. We have also been focused on refining our wholesale product offerings as we aim to provide the best assortment of high quality products with exceptional customer service.” - Forrest Hoffmaster

“In New Mexico, the proliferation of new licenses has continued outpaced market growth and although the illicit market in New Mexico has been pervasive, the state’s regulatory body has increased their license enforcement in recent months, as well as upgraded the severity of illicit market sales from a misdemeanor to a felony charge. Their efforts have resulted in an increase in store closures and we expect this trend to continue throughout 2024.” - Justin Dye

I´m not selling a single share, will buy more if it goes under 0.60.

N.M. cannibus sales set a record of $52.5 sales for March which is 5% higher than record for Dec. It would be Bice to see SHWZ start to get a bigger slice of the pie.

Regardless what they paid I believe they were bleeding money and it was time to unload them. Their focus needs to be retail and wholesale.

Certainly good to see a turnaround in wholesale. I believe Drissen or something like that from SLGWF was hired to turnaround wholesale and it appears they are gaining traction.