HYFM
Hydrofarm Holdings Group Inc
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Vertical Farming Stocks beat down, anyone investing in them?
$SMG potential buy ahead of William Blair conference 6/2
$SMG- potential buy ahead of William Blair conference 6/2
$AGFY DD: Sector-wide weakness has tossed a pick-and-shovel cannabis stock out with the bathwater. Multi-bagger potential (see DD)
Volatile times in the cannabis sector, turn to pick and shovel plays!
Bought call option on $HYFM yesterday for $250 peaked out at +$345 closed at +$290 $60 call 5/21 ESKO 🚀🚀🚀💎🙌🏽where my apes at ?!
Hydrofarm ($HYFM) —> Cannabis & Controlled Environment Agriculture
The BEST Pot Stock To BUY NOW! (10X Growth Potential). $GRWG & $HYFM SELLING THE PICKAXES AND SHOVELS TO THE MINORS!
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HYFM damn got out to early..profits a profit i guess...
That’s a good point & thanks for bringing it up! No, I think $UGRO, as more of a service-based business, and not just focused on the cannabis industry, is a safer investment. I’m excited to see $UGRO continue to diversify outside of cannabis... I do like that $HYFM is post-RS & low-float though 🤙
HYFM is a weird one.. seems to always return to 2.20. We’ll see where this goes…
GRWG, SMG, HYFM, SGFY, AYI, Energy firms, & guns & ammo water filtration firms too
Ancillary HYFM seems like one of the few stragglers with everything moving up...Bought some shares. I think it'll pop.
Anybody ever look at HYFM? Trades at 2x cash on hand, about 4x free cash flow, and .2x sales on current depressed revenue from cannabis oversupply. Sales now up five straight months and schedule 3 redo along with more states coming legal it feels like an obvious winner in plain sight
A guy earlier in the day wrote about Leafly.. unfortunately he deleted himself after I told him that there is no meat on the bone (or should I say no bread..). Nevertheless, there was a commenter about ancillary HYFM which also got deleted, so I would appreciate if that person could repeat that answer. Loaded up a bunch of them cause I think they could run a little like GRWG.
MAPS is interesting. Saw this James Pallotta person(Billionaire) take a 5% stake back in January. And while I don't know/care much about HYFM, Michael Rapoport of Broadband Capital Investments reported a 5% stake just yesterday. It might seem that certain individuals are trying to acquire exposure to US cannabis through listed ancillary names.
HYFM moving for once. I'm still down 92% lol
HYFM picks and shovels
One interesting cannabis play is LFLY Leafly their connection to dispensary locations and information is truly impressive and they are on the forefront of cannabis delivery. I’m also in HYFM Hydrofarm one of the leading homegrown supply distributors and had a recent restructuring and collaboration. I do have a small stake in both of these companies and have for a few years….. Do I expect explosive growth, no. Do I expect returns in a …. Well fucking cannabis and Congress fuck… can’t really put a time frame on it.
GRWG looks very good to me but I'm only in small because I didn't have enough conviction to get in big at the recent low. Insiders have been buying heavily. I got scared off from HYFM big time. I don't remember why but I do remember it was a big red X and that is how I filed it. MAPS I'm waiting for a bit more drop in price but the play itself looks good to me. Probably won't keep much for long term investment though, as I don't see them dominating their niche in future. Done very little DD on MAPS, though...
Any thoughts on the ancillaries (GRWG, HYFM, MAPS)?
Interesting - SMG up big today. Their stock had been dragged down by their hydro business Hawthorne. They showed good / improving results there. That's good news for the other hydroponics players HYFM and GRWG. GRWG has a pristine balance sheet, and is still at / near all time low's.
GRWG - grow generation They’re trying to be the Amazon of weed grow stores. Colorado based, largest market cap I could find in this niche. HYFM - hydrofarm Basically the same, Pennsylvania.
My HYFM yolo trade is okay but expected a bit more. Hope those pick/shovel co's also start the engine.
GRWG is best positioned ancillary play, they’re picks and shovels. Look at their balance sheet v HYFM or SMG even
Basically yes. There are other US listed ETFs like CNBS, WEED (this one is US focused), YOLO, etc. MSOS is purely US focused and largest AUM of any Cannabis ETF so naturally most liquid. There are a bunch of US listed cannabis ancillary plays (SMG, HYFM, GRWG, etc) including REITs (IIPR, AFCG, NLCP, etc) that lend to cannabis companies. But for reschedule the US operators are the key beneficiaries...
Any thoughts on the hydro guys (i.e. GRWG, HYFM)? Seems like they would benefit from this, as well. Just trying to figure out the amount of benefit.
If you listen to the last HYFM earnings call, they mention phasing out a large number of low-margin SKUs that were probably competing head-to-head with the AliExpress crap and focusing on products that are harder to ship from China like grow media and branded nutrients.
I like GRWG with their large cash pile and no debt, but to each their own. HYFM is kinda risky with their lack of cash. I've seen enough "going concerns" lately.
Both got hit pretty badly when the quarantine gardening bubble popped. The YoY decline is what makes it look bad but expectations were way too high in my opinion. If you overlook the abnormal pop in 2021, the upward trend in revenue is steady. I like to gamble with HYFM at these beaten down prices. At the level I am dollar cost averaging in, I would be happy if HYFM hits 1 P/S.
You have to be careful - vertical farming/equipment/greenhouses were talked up a couple of years ago. APPH went bankrupt, AGFY lost most of its value, as did HYFM and GRWG. Can't think of one "new generation" ag name that has done really well. You're better off going with a large cap like DE (or peers) or an ag etf
Is there any hope for hydroponics suppliers like GRWG and HYFM? I already took profit on HYFM before earnings. I got wrecked on GRWG with their ER though...It didn't even seem "that" bad, to cause a 25% drop. They still have like $71 mil in cash with no debt, so they can possibly wait for everyone else to go BK and have a bigger market share.
Sold out (with a nice profit) on HYFM - I actually think they may make a really nice run...But, it's tough. They have very little cash, lots of debt and still making losses. I honestly worry about their solvency.
“The survey’s results carry implications for the larger cannabis industry and related stocks. Companies such as Scotts Miracle-Gro Co. (NYSE: SMG) will need to focus on mitigating the damage caused by the downturn in the company’s gardening division. … Other firms with direct market exposure, such as Hydrofarm Holdings Group, Inc. (Nasdaq: HYFM) and GrowGeneration Corp. (Nasdaq: GRWG), likely will face a tough road ahead due to these headwinds.”
Anyone here familiar with HYFM? It seems like they may have solvency risk with their avail cash and the fact that they're still losing money. The "plus" is that they have high book value (much higher than current SP) and lots of inventory to sell. They also have most, if not all, of their "notes" due in 2027. Curious about any thoughts on that one.
HYFM has been on a run lately, and it opened up +18% in the morning...It's unfortunately dropped down to -4% right now.
HYFM just casually went from $0.67 to $1.18 in about 3 weeks.
The hydro's are really doing well today (i.e. HYFM and GrowGen)...Any particular reason?
Was wondering why my HYFM position was +11.34% today...Possibly have to do with SMG? I've been let down before with this stock though.
Any thoughts on HYFM? They are trading at a huge discount to book value, EV / EBITDA, price / sales, etc. Seems that if they can reduce cash burn, the stock is a really big win.
Just buy 🇺🇸 company. HYFM Never doubt 🇺🇸 More people and more money in a 🇺🇸 company. Canada cannabis scams if you ask me or the news.
Vff fell quite a bit in AH and HYFM went up a lot. I hope YOLO isn't dumping VFF but they could be.
I tested out a penny stock (HYFM) earlier in the year. Did not go well. Glad I liquidated in a month.. The large / mega caps and index funds (as well as bonds with their high rates at the moment) are just simply so much more alluring to me. I'd never invest more than 5% of my portfolio in anything else.
I do not know the financial situation of either company, but I would start there. That's more important than your perception of how well known they are, especially after actively watching the stock you own go down for a while. Constantly seeing that can mess with your judgement. You know the old proverb: "The grass is always greener on the other speculative hydroponics investment" If you are dead-set on staying in the ancillary business and would prefer a "safer" but lower upside pick, don't forget about Miracle Gro with their Hawthorne Gardening division. (**Disclosure: I own a small position in SMG**). I have heard their CEO state in previous interviews that his end goal was to spin-off Hawthorne and invest in one or more MSOs, so there's some interesting upside there, besides the relative safety of being an established company. I personally (and very speculatively) think HYFM will be bought by either Tilray or Cronos sometime in the future, due to Hydrofarm's Serruya connections. The Serruya family is probably pulling a MedMen on them.
Can someone smarter than me tell me wtf to do with my stupidly large stake in HYFM. Definitely thought that ancillary stocks, or the businesses selling equipment to the weed industry, that have been in business for 40+ years would idk.. not flail to almost $1. Looking at transferring into GRWG since it's more well known and arguably have better proprietary brands. I'm so lost, any thoughts are welcome..
Never looked at financials? Lets talk about HYFM and GRWG financials and then lets look at GTI, Trulieve, and Verano. You clearly have no idea what you are talking about. When I look at the charts, GRWG and HYFM have been absolutely slaughtered. Do you have any idea what you are talking about?
haha you are joking right? HYFM and GRWG are garbage.
A BIG lol at weedstocks.. unbelievable B2B's are okay, SGM, HYFM and GRWG are outperforming LP/MSOs
Also big days for SMG, GRWG, and HYFM. Although tomorrow is earnings release for SMG so that could play into all of those.
GRWG, SMG, HYFM are the picks and shovels into the cannabis industry. GRWG in the best position imho
Go buy a lottery ticket of HYFM maybe they will follow
watched HYFM IPO at $20 in Nov 2020 but show up on opening day at $54, missed the whole thing. Then watched it skyrocket to over $90. Missed that too. Started to DCA months later when it seemed to stop dropping the knife in May 21' and then I watched it go straight down until it hit $2. Worst decision I ever made to "invest"
GRWG and HYFM are the ones in in. Tlry will make a play, but they’re not an American company, and have a bad reputation to invest. IMO people will be more prone to invest in the new American companies that they’ll dream of making it big with rather than a company with a poor long record. Basically that no record is better than poor record
They forgot to rugpull HYFM (Hydrofarm). Only green in a sea of red.
HYFM and GRWG will be selling supplies for home growers.
HYFM and GRWG have been drilling for 2 days… should have known they were being manipulated by people in their he know.
My HYFM and GRWG just need to double 2 more times and I can break even…
Wow - I was literally loading up like crazy on Cannabis stocks (GRWG, MAPS, HYFM) in the past few days/weeks....I was making them so much of my portfolio that I questioned my sanity. They are up so much today. I cannot believe my fortune/luck.
Holy Shit - I was literally loading up like crazy on Cannabis stocks (GRWG, MAPS, HYFM) in the past few days/weeks....I was making them so much of my portfolio that I literally questioned my sanity. They are up so much today. I cannot believe my fortune.
Haha yeah I think weedmaps was a blunder, he meant GRWG, GNLN (one of his favorit lately on twitter) and probably HYFM/SMH
I think it depends on why you’re interested in crop sciences and what your goals are. Are you investing for the long run, are you investing because your passionate, or are you investing because you think you’ll make crazy returns? Write down your goals and work backwards on a strategy to ensure your steps will (likely) actually get you there. Things like vertical farming could be a large part of the future of farming due to how little water and land it requires in comparison to conventional farming. HYFM, for example, could be good in the long run, I work in the industry so I know a fair amount about them but always do your own research. I’m bullish but I’m down on that investment rn as well. I invested money I’m okay with never seeing again if the company goes bankrupt or the world economy goes into a depression. If volatility isn’t your cup of tea you should look at funds that encompass some companies your interested in and make a plan to regularly contribute over a long period of time instead of betting on specific stocks. Lastly, diversify your portfolio. Don’t put all your eggs in one basket. I’ve invested in all kinds of things over the last 12 years and it was the most boring ones that made me the most money, not the things I thought I’d get rich quickly on.
HYFM is cheap imo. This market is either booming or busting, I’ve seen the volatility first hand for 5 years. They’ve been a huge player for decades so they aren’t worried. What are y’all’s thoughts?
HYFM, load while it's at penny and wait for next 3 years
HYFM. All the hype is gone out of cannabis. Now is the time to put money in.
HYFM already pre announced horrible data
HYFM, hydrofarm. They are a company that has been around since the 70s and provide lots of growing equipment. They supply products to a lot of my local hydroponic stores as well. Unfortunately they got lumped in with all the weed stocks and combined with the downturn of the market, their stock price has fallen dramatically.
>i like the space, i'm not sure about the company. > >The backlog feels a little sus to me. If I'm a customer of Surna/CEAD and my order's been sitting on hold for a year, why would I give them my repeat business? > >What makes you like CEAD over Agrify, GRWG, or HYFM? > > > >How long do you think it will take them to get out of the hole and scale up to more customer acquisitions? If they don't grow, but just manage to catch up, what do you think it will be valued at?
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Here's some others: AGFY, UGRO, AGRI. There must be other companies too, This is a potentially excellent business but in the very earliest stages of development. There are many potential efficiencies from CEA (Controlled Environment Agriculture). As you mentioned using the vertical increases the yield per unit area. This increase could be multiplied by the number of harvests per year over outdoor ag. Water use can be reduced as well, both through more efficient irrigation and reduced evap loss. Whatever the case water not taken up by the crops can be recovered, potentially leading to very high efficiency in water use. Chemical for fertilizer can also be optimized better in a controlled environment, and material not consumed by the crops may be recoverable. Ideally pesticides can be eliminated. It's not obvious how total energy use would shake out: less energy would be used to apply chemicals etc, but more energy will be required for temperature control and lighting. Local growing could reduce transport energy and cost. Looks like there are really three different types of businesses emerging around CEA: 1) Growers / Farmers (LOCL, APPH) 2) Equipment / Supply distributors (GRWG, HYFM) 3) Equipment / Systems manufacturers / Distributors (HYFM, AGFY, AGRI, UGRO) AGFY is for the moment dedicated to cannabis systems, but it seems obvious that cannabis and other types of CEA systems will converge if they're not pretty similar already. There is \*potential\* for strong growth, and some companies have already seen some of that. But it's early in the game. Profitability isn't a big concern at the moment. There is lots of evolution to come in this industry if/when it scales up. It's like the software industry in 1977: no telling which companies will succeed or fail; or which will emerge as leaders or be gobbled up by others. Generally though I'd be more likely to bet on (3) than on (1). The actual farming is a marginal business.
Held 110 shares of HYFM at $27 which I dumped recently. These things just cannot catch a break and every shallow pullback gets sold into. They will bounce eventually but nothing on those charts indicates that they won’t drop another 50% from here before they do. Should’ve bailed mich sooner, that was terrible risk management on my end.
Pretty happy with how I managed that trade: bought the first piece at ~$33 or so, kept adding more size into the big moves lower and sold most of those adds on the bounces breakeven/for small profits. Got my cost basis down to ~$21ish when i last added in March when it bottomed out at $17.5ish. Decided to bail when the stock ran to $23 or whatever it was on the index inclusion cause it just couldn’t hold a higher low. Really glad I did. Should’ve approached HYFM the same way but selling on that name was even more relentless. Wouldn’t even bounce enough to get out anywhere close to breakeven. Took a sizable L on that name (should’ve done that much sooner) but at least I’m now in a position where I can ride this out without any bags holding me down.
I am bagholding $SMG and $HYFM
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HYFM been beaten down but hydroponics is the way, more money in the tools needed than the revenues generated by pot. Will see this go back to highs within no time... HUGE UPSIDE
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Holding a 1/3 position on HYFM. Down a solid 50% on it as we speak (the only kind of heavy bag I’m holding). Will add to it at some point but right now risky assets are still getting destroyed
JOBY, AQMS, HYFM and AGFY I like tech and hydroponics more than the market I guess
GNUS (from back in 2020), HYFM, PSTH
~20% cash in my long-term investment account (with SPY & QQQ as the biggest holdings), 85% cash in my swing trading account (small positions in HYFM, CRSR, MTTR, CCL).
Down almost 30% on my HYFM position in one account and \~15% in another. still got loads of room to add but this slow bleed lower sucks.
Hydroponics manufacturing (most of my houseplants and medicinal herbs are hydroponic) GRWG, HYFM, and SMG, would probably all be contenders. Otherwise, look for nutrient/soil suppliers. If you really mean home style houseplants. Go for LOW or HD, even contractors get a lot of stuff from there (former contractor, even when we obtained things straight from a supplier, we frequented HD/LOW) not to mention, they are dividend kings. Get your hands in all the pots (so to speak.)
Money isn't in the weed itself IMO Good, fairly under the radar weed-adjacent stocks at buy points: UGRO, AFCG, SMG, HYFM, GRWG
Got some CRSR at $25, CCL at $19, HYFM at $32, ATVI at $60, WEBR at $13. Pretty small on all of these with tons of room to add. Sitting on roughly 80% cash atm, but big tech starting getting hit is telling me we might be closing in on a (short term) bottom soon
Not a short though. But yes it looks good. Forgot to remove my 40% taker sell limit before I finished my steak 🤣🤣🤣🤣🤣. Oh well ill reenter at $3-2.6 or wherever the floor sets before it climbs the rest of the week. These are some of my interests and alerts, thoughts do your own DD on the squeezes. BFRI Bbig XSPA PROG PETV HYFM
Scott’s Miracle Grow SMG GrowGeneration GRWG Hydrofarm Holdings Group Inc. HYFM Canopy Growth Corp. CGC Lol
Happy to to see that HYFM not totally dead today. There is still chances for my 17 dec 50c
HYFM - Hydrofarm. Pick and shovel play for cannabis.
Everyone mentions the big couple of names like tlry and sndl with the weed stocks... but check out Hydrofarm (HYFM). They are on the way back up the last few weeks. They manufacture and distribute hydroponics equipment, so even if they don't take off for weed soon, that is a good technology to be in.
HYFM weedstocks boys, HYFM
Not a short squeeze I should have added commas.. read the article posted about the proposal to be introduced Monday towards legalization. This is a very good pattern and correlating momentum to be seeing right now, they report earnings on Monday, and as an investor for 7 years, the recent change of management/merger is bringing forth great progress. Oh and they basically hit the lottery on a $70 million warrant with HYFM shares
HYFM earnings. $123.8M REVS; EST $123.16M $16.1M ADJ EBITDA; EST. $15.567M $17.3M NET INCOME; EST. $11.117M
I have as well, although my vertical farming plays are both focused on cannabis, AGFY and HYFM. Both products are further along and could be repurposed for traditional farming. APPH needs to show a path to profitability first.
What do you all think about Hydrofarm (HYFM) ?
IWM finally moving from a multi months consolidation channel. Small caps and other shitstocks season starting boys! Time to buy a couple of weedstocks. My take. TILRY : sector leader and weedstocks meme king status. HYFM : tiny floater that with good fundamentals. MSOS : Safest choice.
$HYFM might finally be breaking out of its downtrend and getting high again 🔥
I LOVE Cannabis and cannabis stocks that are profitable and well managed. All should favor Legalization on the National level and promote Full Medical Cannabis legalization. I own TLRY, CGC,HYFM and MJ and show losses on all. Long term we will ALL make money.
weedstock meme season starting soon ? ​ Go HYFM