Vibe Growth Corp C.VIBE

Alternate Symbol(s): VIBEF

Healthcare

Vibe Growth Corporation is a Canada-based vertically integrated cannabis company. The Company is engaged in evaluating, acquiring, and developing cannabis cultivation, distribution and manufacturing assets and retail cannabis dispensaries, in the United States. The Company operates through five segments: Dispensaries, Cultivation, Distribution, Real Estate and Corporate. The Company, through its operating segments, is engaged primarily in the retail sale and cultivation of cannabis. The Company is focused on the point-of-sale process at its dispensary locations and product delivery methods, including providing on-line ordering, door-to-door delivery, and customer pick-up windows. In addition, it is also focused on new dispensaries delivering a retail experience under Vibe by California branded stores. The Company operates approximately six dispensaries, one distribution and three cultivation operations in the State of California, plus one dispensary in Portland, Oregon.

CSE:VIBE - Post by User

Vibe Growth Corp

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Post by Duster340on May 02, 2022 8:36pm

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Post# 34649676

Very Optimistic (Q1 will be much better than Q4)

2021 Highlights

Dispensary sales were up 19.5% in 2021
Revenue was $29.29 million, compared to $24.24 million in 2020
Adjusted EBITDA was $2.31 million
Positive Operating Cash Flow of $219,427
Completed two equity financings raising gross proceeds of CAD $19.11 million
Commenced development of a 10-acre F40 zoned agricultural land site in Monterey County via a $5.1 million cash acquisition
Cash position of $9,098,475 at December 31, 2021

"Vibe managed to generate positive operating cash flow in 2021, with the financial results showing strong year-over-year growth despite a very challenging Q4 for all operators in California

Waldron continued, "We are in a much stronger position in retail and cultivation operations, and 2022 macro conditions have improved compared to late 2021. In addition, asset acquisition opportunities have increased as some market participants do not have the balance sheets to compete effectively. Vibe's financial strength and strong management team is well-poised to allow for an expansion of Vibe's retail and sales channels in California.

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