2min chapter

The Cannabis Investing Podcast cover image

Cannabis Is A Long-Term Play

The Cannabis Investing Podcast

CHAPTER

Is There a Better Strategy for Growth?

The investment community is recognizing that they are relatively weak company. They put a huge amount of one into growth. And we just don't know who's going to pay off. What's your thought? Or do you feel like that they had a better strategy kind of at the outset than how they've been able to execute or what would you put your money on in terms of air specifically?

00:00
Speaker 2
And I believe that it's because the investment community is recognizing that
Speaker 1
they are relatively weak company. They put a huge amount of one into growth.
Speaker 2
And we just don't know who's going to pay off. What's your thought? Or do you feel like that they had a better strategy kind of at the outset than how they've been able to execute or what would you put your money on in terms of air specifically?
Speaker 1
Well, they had an interesting strategy to begin with. It was kind of a they were relatively concerned. They were slowly investing in a couple of
Speaker 2
states and the particular which states they invested in.
Speaker 1
They had an interesting approach of acquiring companies for
Speaker 2
a combination
Speaker 1
of shares, cash, and seller notes for debt. So now these seller notes are becoming due. That's one expense they're going to have. But they changed a lot. They really went into a hybrid growth mode. And I think they lost they did not adhere to their original strategy. They're one of the biggest growth companies in the field in terms of their size. So as they expanded rapidly, I think we may overstretch the overextended themselves. Now they're doing great in New Jersey. Good for
Speaker 2
them. But the
Speaker 1
success of a lot of operations I think is a little bit shaky and I think that's what's happening.

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