MYM Nutraceuticals Inc MYMMF

So ...

[WeeblesWobble]

HEXO announced its first quarterly "profit" in its history.  It was actually positive EBITDA.  HEXO still lost $200K when you get to the bottom line.  And, share price rose almost 6% (through $10/share) on the news.  Go figure.

Now, MYM reported an actual bottom line quarterly profit last Q of $577K.  And the share price still languishes.  Guess we'll be waiting for next Q's financials before next significant share price move.

[biketrader98]

If we see a continuation of the growth curve on revenue and profits, MYM is setting itself up for acquisition by one of the bigger players IMO.  There will be pressure on the majors to move to profitibility and MYM's model would be a nice bolt on.  Who knows?  Regardless, the story is getting more interesting all the time.  An "investors day" presentation would be

[RockMaschine]

MYM model works in the sense that they are under 30k sq ft combined and since Weedon was never fully funded with dilution or debt there is no big liability. I don't see how the company who would acquire them could benefit from anything but the brand power of Highland. The cash position needs to increase from profits all the while paying down interest on the $5 million outstanding. Dig deep

[biketrader98]

I see a scalable business model....they are always fully sold out and the demand is high.  Additional capacity would generate increased profits given their margins. The warrants are less of a concern for the big boys, they would want to do a cash and stock deal anyway.

[RockMaschine]

No doubt the margins are incredible. But can you scale up quantities while still maintaining quality. I regularly spoke with Khurram of Biome back when Biome was first developing Highland. They never had the capacity in house so always outsourced their growing. He would speak to how poor a lot of operations are run from a QC standpoint. They had to cull some of their suppliers because the

[biketrader98]

I believe Weedon has already been sold so that is off the table...