Talked to Gage IR todayI said things are progressing with regulatory approval, for TER. He said he will be voting on it in the fourth quarter, so sometimes before Xmas.
Jason from TER said th NJ stores will be bringing in 40M per store. Looks like that should get them to 80M-90M quarters
Gage is opening 10 more retail locations in Michigan. I should get them to the 40M to 45 M (conservatively)
Put the two together and you have a 500M to 600M USD run rate, likely 250MM 275M positive EBITDA. TER has already 16M positive cash this year, that's only going grow.
Then I got me thinking since we will likely need to be using some cash, not just issuing shares. Can any longs here tell me why exactly are we on these exchanges still? Cash would go a lot further at these prices...
Acreage is still is allowed to have eight retaii licenses in Illinois one in Massachusettsa whole boatload in Pennsylvania. Sholud probably buy their way into Nevada...
Would be be concerned about losing some institutional investors? Like if I were a canopy, and sitting on $2 billion waiting for this process to drag out, look how cheap everything is right now. Could be buying things for $.40-$.50 on the dollar
Anyway....