GREY:MMNFQ - Post by User
Comment by
JesseBon Jun 14, 2019 12:31pm
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Post# 29826623
RE:RE:RE:FLORIDA EXPANSION, OPENS FIRST LOCATION IN WEST PALM BEACH
RE:RE:RE:FLORIDA EXPANSION, OPENS FIRST LOCATION IN WEST PALM BEACHIMO: Their expenses are high compared to peers, acquisitions are still pending, lawsuits still pending. If you are invested you should have done research and been aware of the risk. If you are like me and were invested before all the press releases then dump or hold on and hope they can execute their strategy. HUGE UPSIDE here with lowest EV/sales ratio of 7x, but they need to prove several things: lower operating costs, continue to drive topline revenue growth, drive up margins (which they plan with medmen branded products), get licenses approved and build stores in Illinois (adult legal market by Jan 2020), or essentially get the PharmaCann deal approved (prijected by Q2020), and get the flagship stores built in Florida. The locations in Florida are primed for a recreational market, so if Florida passes this company will be primed for exceptional organic growth. Just be patient. It's going to take 1yr, probably several years to "see the proof in the pudding".