DSEEGS wrote: bloozguy wrote:
@dseegs....against my better judgement, I'm going to try to reason with you on one point. I am not bashing MMEN, since I own CRON I have an interest in them doing well (JV) But the point many here are trying to make if you would take your rose coloured glasses off for one second is that the offering is overpriced plain and simple. There can be no rebuttal here, the market is driving it down because....they are unknown in Canada....they have execs that seem to be very greedy....(notice I did not say corrupt) as you say they have been around for 8 years BUT HAVE YET TO MAKE A PROFIT, in fact they have LESS revenues per quarter than Sunniva who also have a market cap that is a fraction of Medmen. While your company is spending more money on radio spots (which will not get much traction here) SNN is building gMP certified Cathedral City...which do you think will get more exposure? Yes they have nice stores but their prices will be at the high end because of their lavish overhead. You really think millennial rec users are going to pay top dollar for weed particularly when the supply issues start to commoditize the product? Open your eyes and at least take everyone's comments as food for thought instead of blindly defending a clearly bloated offering. If they were as good as you say they would have figured out how to make money in 8years. Glitz and glamour is a great way to attract $$ but the market is wise to that now and want results for this kind of market capitalization. I've always viewed rec as a secondary market...high overhead and shrinking margins....and the only value add is a nicer looking stores which won't even be allowed in Ontario or Quebec, the biggest provinces in the country. Compare to CRON or SNN who will share in red but also have solid medicinal businesses with revenues that are equal or greater than what MMEN has achieved after 8 years in what they have determined to be the 3 biggest markets in North America.
Thats all fine what you wrote and all but fact is i never once said anything about SP and investors buying in today lol--ill leave that up to tha chart guys --- i invest in the future and am long on many.
I often help people with their HOMEWORK but i never BABYSIT -
***lil background of me so you know who you are having a conversation with ..I started investing in canopy tweed when it was bedrocan and also bought acb and aph at under two bucks.i have 6 figures invested in the sector --**i was simply informing people of medmen . As its a "states" play and a trailblazer everystep of the way .This groundbreaking move will cause more U.S companies to list in canada .after reading the first page on this thread seeing it was a disaster with investors not knowing any facts about them i chimed in as i have studied this sector for years -
First off i have no "rose" coloured glasses because i see clearly... -20/20 in fact---
I will touch on a few of your points:
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Radio spots not important? Umm it reaches 18 million people a month . You have lps like thc biomed paying 30gs for ads and never releasing anything ...this is a breakthrough for MJ companies weather you acknowledge It or not ***hearing something over and over subconsciously it will register in your brain without you even being aware... And how would this not gain traction here exactly? I listen to howard stern everytime im in a car with satellite radio ** which basically every new car has---
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Open your eyes and at least take everyone's comments as food for thought instead of blindly defending a clearly bloated offering" - read my first few posts i said it was overvalued at 2 B even the 1.6 recently ....its realy around a B ---the market is reflecting that mis calculation and adjusting it accordingly ...
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You really think millennial rec users are going to pay top dollar for weed particularly when the supply issues start to commoditize the product" -yes of course --especially if it is socially cool to shop at medmen --a previous poster here said everybody he knows in cali shops at MEDMEN--explain why kids all want iphone7 s when samsung and others are "cheaper" and do the samething if not more ie blackberry back in day ...
its all about having the "in" thing ....
How about people who drink grey goose but their are plenty of cheaper vodka that taste just as good yet people want grey goose.its because a rapper sang about it and it caught fire and became MAINSTREAM ..this will happen with MEDMEN it already is...THEY WILL BE MAINSTREAM and intrenched in POPCULTURE ,AND A HOUSEHOLD NAME.
People want high end products to fill voids in their lives thats the sad facts - either to fit in like i said or "feel" like a bigshot or "baller" .....either way this marketing strategy is being used over and over and is proven... Ie guicci findley prada
they were as good as you say they would have figured out how to make money in 8years. -THE PARTY IS JUST STARTING AND MEDMEN HAVE A 8 YR HEADSTART.
***seriously tho , if i find a good entry point and hold i can sleep at night knowing MEDMEN is not a splash in the pan or a shell" pump n dump" as they have stayed afloat through tremendously tough times with NO REC and archaic laws - FULL REC IS COMING THE WRITING IS ON THE WALL--
Many experts expect the states market which is 90^^% of the global market to reach 75 BILLION by 2027 **** so you do tha math...will medmen position themselves to capture a nice share of that , being in cali,nevada,ny ,mass..?...imo they already are ...
SNN is building gMP certified. ---GMP certification holds no weight anymore . Its like boasting about getting a "sales" license..back 6-8 months ago this was a big deal but even biomed is gmp certified and it trades at a buck twenty lol...
I've always viewed rec as a secondary market. ----- why? The real money is in full REC UNITED STATES OF AMERICA **outsell beer wine and spirits put together .i said in a previous post i can see MEDMEN being the first dispensary to open in a MAINSTREAM MALL SETTING ---their apple store concept fits the bill...
nicer looking stores which won't even be allowed in Ontario or Quebec, the biggest provinces in the country - Canada is nice and all but CALI has just as many people and its 1STATE ! ..MEDMEN will have lions share in top 4 world markets .
*****in conclusion inappreciate your feedback but people here need to know the" other side " not what is being parroted by many . Yes we know execs got paid but after being around for so long why not ? -like i said you dont think all these ceo cfo arnt making Ms you are out to lunch ..Atleast MEDMEN is transparent and very easily accessible. Biomed investors dont even know what the head of the company looks like/soundslike nothing.not even which college or university he graduated from nor his prior experience . I know i seem like i picking on biomed but i made great loot off em-* sold 15000 shares at 2.50 with an average cost of .70 cents .(still have a some shares but not many as i need to see who i am investing with...