RE:When is this thing going to find some legs?Rat1Race wrote: I've been here for the better part of 2.5 years now. I bought in in the .50's and rode this thing down and back up a couple times now. I'm thankful for the balls I had to average down and sell and rebuy in the patern I did as I made decent returns so far, even with the initial purchases. Average now is 28 cents at like 350K shares. Something hilariously risky lol.
I am still just sitting here wondering when the uplift we get actually sticks, instead of just seeing these random thrill rides caused buy literally no different news or events that drive it up to the 35 and 41 cent ranges before cratering again.
Will financials actually showing them making a couple mill actually cause any rise? It's obvious now that they will report some decent cash, but wouldn't that already be baked into the price now?
Good on you - it seems like you've done well so far.
I believe the catalyst will be sales. As most companies in the industry aren't earning bottom line profits or positive FCF, sales seems to be a decent proxy for success. When the company was on pace for 2m annual sales, it was trading around 19m market cap. Since then, there has been an uplift in price. Remember, Nextleaf was trading at $0.18-0.19 not too long ago.
I think the news on B.C net revenue of $500,000 for the month of September is priced in, but i'm not sure about the other privinces as Nextleaf never disclosed figures. They could be $50,000/mo sales or $500,000/mo sales - we don't know.
My optimism believes there is going to be huge surprise with $5-$10m revenue in Q1 2022 which will bring the stock price to levels we're all hoping to see. By taking the mid-point and assuming a $30m revenue year, i'd hope to see a 5x sales multiple, and that would put the stock price around $1.10. I could be completely wrong with this speculation, but time will tell.
-BS