RE:It’s over folks…. Rosen a bust. Paul, way to pump your stock in Q3!
Then you try grade school word manipulation and give pathetic childish excuses to your shareholders? Wtf?
Way to overuse “consistent profitability in fiscal 2022” …3 times in the past month? Sneaky manipulation bud
Your prepubescence Chairman and CEO Paul Rosen:
“According to BDSA data, in September and October 2021, Nevada sales were down 8.4% from August and down 11% from the year prior. Cannabis flower sales fell 25% from the previous year. The Company believes that softening sales were due to changing employment patterns in Nevada, a resurgence of Covid-19 and corresponding social distancing and mask mandates, and the increase of low-priced flower flooding the market.”
What? Can someone help with the numbers?
Nevada sales in Sept/Oct 2021 down 8.4% from August
(NV sales Aug 2021 $88,551,033 -8.4% is roughly $81 mil still for Sept and Oct?)
Or Sept/Oct combined? Not sure…
Down 11% from prior year? (Sept/Oct 2020 combined taxable sales was 159 mil combined -11% average roughly 71 mil not 81 mil?
According to your -8.4% Sept/oct 2021 should have been way better than the same time the year prior which NV had way higher sales in July and August to start fiscal 2022! But leave that out because it doesn’t fit your manipulative excuses…
August this September that October woe is me huh? F off man such childish BS
Nevada sales numbers:
https://tax.nv.gov/uploadedFiles/taxnvgov/Content/TaxLibrary/NV-Cannabis-Revenue-FY22(2).pdf
https://tax.nv.gov/uploadedFiles/taxnvgov/Content/TaxLibrary/NV-Marijuana-Revenue-FY21(8).pdf
Changing employment pattern? Lmao
These Covid BS excuses are getting so old you gotta stop! We know your business is essential…really pathetic
Low priced flower? Haha what happened to your amazing Level X launch? Too stupid to price it right? Got greedy and it backfired? Not doing your proper DD on your competition? Gotta “combat and rectify these issues” and “readjusted your pricing strategy to meet market demands”?
Setting us up for more pathetic excuses for Q2?
“Well we had to lower our “Level X top self, premium, exclusive mega weed prices to compete with “low-priced flower flooding the market.”
Where is our update on Phase 2 of the expansion you said would be complete Q1? -It’s almost Q3 for fuk sakes-
Also, you should have turned out at least one successful crop of Level X quality flower from Phase 1 right?
Cultivation facility expansion:
“The Company is also pleased to announce that its subsidiary, Alternative Medicine Association (AMA), has commenced the expansion of a new grow zone at its indoor cultivation facility in Las Vegas, Nevada.
Proceeds of the capital raise during the reporting quarter were earmarked for the expansion of the Company's cultivation and extraction operations. Phase I of its cultivation facility expansion has been completed with the addition of a new grow zone, and the installation of 45 new grow lights. The new zone is already in use and contains 270 plants in an area that is 1,938 square feet in size with 1,035 square feet of table area, which can hold up to 405 plants.”
Phase II encompasses an additional new grow zone, the installation of 120 additional lights (or their LED equivalent), and a customized climate control system separate from the rest of the facility, to create a stand-alone, specialized growing environment for the Company's top tier cannabis strains.
The goal of the specialized zone is to achieve an optimal balance of light, nutrients, and air quality in order to produce better crop yields and stronger plants. Phase II measures 3,600 square feet and 2,400 of table square footage which can hold up to 1,080 plants. The expansion aims to maximize the efficiency of the facility, increase total output, and cultivate higher quality cannabis for the competitive Las Vegas market. It is anticipated that Phase II will be completed during fiscal Q1 2022 (August-October 2021).
The Company is optimistic that the product expansion and innovation, coupled with returning tourism to the state will increase sales along with continued increases in net income from operations. As of June 1, 2021, Nevada lifted all COVID-19 restrictions, and as a result, tourism in Las Vegas has returned to pre-pandemic levels.
Numbers should have been better. Low SP has nothing to do with it…entire sector is suffering and we will rise with the peers. it’s just…Your words are meaningless and insulting. And now embarrassing