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Fire & Flower Holdings Corp FFLWF

Fire & Flower Holdings Corp. is a Canada-based technology-powered, adult-use cannabis retail company. The Company's principal business is the operation of a fully integrated cannabis consumer technology platform, supported by a fulfillment network of retail stores and delivery to cannabis consumers. The Company's segments include Retail, Wholesale and Logistics, and Digital Platform. The Retail segment sells cannabis products and accessories to the adult-use market in provinces where the sale of cannabis by private retailers is legal, and operates under retail banners Fire & Flower, Friendly Stranger, Happy Dayz, and Hotbox. The Wholesale and Logistics segment distributes and delivers cannabis products and accessories. The Digital Platform segment develops digital experiences and retail analytical insights. The Company owns and operates cannabis retail stores in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and the Yukon territory.


GREY:FFLWF - Post by User

Post by Oldweedon Jun 15, 2021 1:43pm
166 Views
Post# 33389279

Really Good Results

Really Good ResultsIt's all in the perspective of the pandemic, FAF was able to maintain sales (flat) through all the pandemic store closures and reduce debt costs.....this is really good news and a good indicator of how disciplined this team is. We have seen alot of quarterly results across the sector and all of the big players reported decreased sales and market share due to stiff competition and closures so FAF is proving their business model demonstrating they can get it done even in a very difficult environment. ATD has warrents they will have to exercise as it won't be long before MSO's will be looking for an entry into the Canadian market and what a prize FAF would be. Not only will it give an MSO instant retail access in Canada but it will give direct insight into what sells for the competition...priceless. I fully expect either a hostile takeover attempt buying up every available share slowly on the open market..in fact it is probably going on as I write, or we will be in a bidding situation.  ATD has a plan on their timetable and certainly won't feel pressured to accelerate it but this is a fast moving dynamic sector and they just might get the rug pulled out from under them!
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