The Future of Farming
Bull Case:
1. Most people think of GRWG of being linked to Cannabis. However, as a small farmer I understand that with global warming more and more farmers will be shifting to more efficient indoor growing operations.
2. 8/28 price target raised to $25 from $15 at Oppenheimer and keeps an Outperform rating on the shares.The analyst commented GRWG is a" leading, yet still up-and-coming retail chain within the rapidly expanding and dynamic market for hydroponic and organic gardening supplies, and that current multiples underappreciate meaningfully longer-term prospects for the chain."
3. My look over extended, but yearly vwap has price at 13.5, which is near the 50% fib pullback and the 20ma.
Bear Case:
1. Insider sold a ton above $17
Trade Plan:
Buy ~15
Stop 13
Target 22 and beyond
1. Most people think of GRWG of being linked to Cannabis. However, as a small farmer I understand that with global warming more and more farmers will be shifting to more efficient indoor growing operations.
2. 8/28 price target raised to $25 from $15 at Oppenheimer and keeps an Outperform rating on the shares.The analyst commented GRWG is a" leading, yet still up-and-coming retail chain within the rapidly expanding and dynamic market for hydroponic and organic gardening supplies, and that current multiples underappreciate meaningfully longer-term prospects for the chain."
3. My look over extended, but yearly vwap has price at 13.5, which is near the 50% fib pullback and the 20ma.
Bear Case:
1. Insider sold a ton above $17
Trade Plan:
Buy ~15
Stop 13
Target 22 and beyond
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