Flower One Holdings, Inc. Is Worth Watching Closely

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About: Flower One Holdings Inc. (FLOOF), Includes: AGEEF, CNXXF, DYMEF, GNLN, MO, PLPRF, PM, TPB, VAPE, VREOF, WMT
by: James Coleman
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James Coleman
Special situations, value, long/short equity
Summary

Flower One Holdings, Inc. is an under the radar microcap stock which has risen 20% YTD in an increasingly challenging market for cannabis/marijuana stocks.

Q2 sales were higher than expected, and the company has guided a ramp-up in sales going forward as they recently completed the build-out of their Las Vegas flagship greenhouse.

Based on their industry-leading initial cultivation analytics of 38.3 grams per sq. ft. at an average cost of $0.45, FLOOF received a "buy rating" on 9/17/19 at Industrial Alliance.

Investment Thesis

In my article on August 28, 2019, I expressed serious concerns regarding the pronounced volatility of many stocks trading in the cannabis/marijuana space. Since then, I've written 2 other articles which have