CEO Update - January 25: "IMO, in 2023, Partner
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Posted On: 01/25/2023 12:57:40 PM
CEO Update - January 25:
"IMO, in 2023, Partnerships will take a back seat to acquisitions at compelling prices.
The economic climate exacerbates an already capital-starved industry...and I feel there will be solid businesses for sale at low prices.
When everyone is running for the exit, that is the time to look for opportunity. Take a look around.
Cannabis businesss have, been, and are facing headwinds:
- 280E,
- Banking,
- And all of the unintended consequences of the friction between federal prohibition and state regulation.
When combined with rising interest rates, inflation, the prospect of a looming recession... the fatigue and liquidity challenges that many operators are facing is forcing them to look for partners, or even an outright sale.
As such, we have a real buyers market.
Business that can be acquired today will be worth substantially more when we have a normalized (note: federally legal) market.
Public companies that are well run and have liquid markets, who can use their equity for currency to make acquisitions at deep discounts to the value acquired, will be valued in the public markets."
https://twitter.com/lesliebocskor/status/1618305117534695430
"IMO, in 2023, Partnerships will take a back seat to acquisitions at compelling prices.
The economic climate exacerbates an already capital-starved industry...and I feel there will be solid businesses for sale at low prices.
When everyone is running for the exit, that is the time to look for opportunity. Take a look around.
Cannabis businesss have, been, and are facing headwinds:
- 280E,
- Banking,
- And all of the unintended consequences of the friction between federal prohibition and state regulation.
When combined with rising interest rates, inflation, the prospect of a looming recession... the fatigue and liquidity challenges that many operators are facing is forcing them to look for partners, or even an outright sale.
As such, we have a real buyers market.
Business that can be acquired today will be worth substantially more when we have a normalized (note: federally legal) market.
Public companies that are well run and have liquid markets, who can use their equity for currency to make acquisitions at deep discounts to the value acquired, will be valued in the public markets."
https://twitter.com/lesliebocskor/status/1618305117534695430
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A very apposite motto for those who trade successfully in the OTC market..
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.