RE:MGW is holding strong!Tyddel wrote: rest of the market is red. That should tell you something about the news coming at the end of the month. Go MGW!!!! Ty
The PP ends Sunday and it is likely that people are selling shares to gain the free warrants. It is not a big deal if this floats around 55 cents this week. This should all clear up soon, especially since financials are due, HC approval could come in any day, and news on California (how many greenhouses?) or the Nevada/Canada builds could be just around the corner.
Recreational sales in the US begin in 8 months, and then in Canada in less than 13 months and a few days. The hold on the latest PP shares is 4 months and 1 day and by then MGW should have scaled up California. Those sales should mean that a future PP will NOT be required for additional expansion.
At $72M, MGW is a steal. Each greenhouse brings in $1M revenue, and they can probably put 100 in California alone. I do not even think that HMMJ has bought in yet, and when that happens there will be even more liquidity. F@#% oil. This is where the money is at!