RE:RE:RE:Share PurchasingThese guys are very sharp and far be it for me to second guess them but I still find it odd for an early growth stage company to be buying back their own shares. I know it was Afzal who said that pinpointing the winning brands will take time to see which ones rise to the top in the CA market. So viewing it from that stance it makes some sense to put your capital to work in a clear undervalued opportunity like crz. However, I still think having as much capital available to go after any early winners in more "mature" markets (CO, OR) might be a better use of funds. After all, they want to be the P&G of MJ, THE house of brands but CA is not the only game in town (look at Wana Brands in OR that owns half the gummi market in OR and made over $12M in 2017 and continues to expand). If there is a clear winner in another state it seems it might be worth picking up early. I know a lot of this is about data aggregation and the data just isn't in yet in CA except for floracal showing up as a clear early winner in CA. Really just thinking "out loud" with this and completely open for any one else's take.
https://www.businessinsider.com/wana-brands-nancy-whiteman-colorado-legal-marijuana-industry-edibles-entrepreneur-2017-7