OTCPK:NWKRF - Post by User
Comment by
EagerBeaver1972on Feb 14, 2019 9:42am
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Post# 29363286
RE:RE:RE:HIP is 1 of 7 LP`S selling to 7 provinces
RE:RE:RE:HIP is 1 of 7 LP`S selling to 7 provincesJust read that analysts expect canopy go have 85-87 million in revenue. I like to think that Newstrike will come in just under 20 million. They were sitting on 3000 kg just before legalization and shipped little out before oct 1 as we saw from last quarter.
I dont know what profits will be, but I do believe that HIP has not been as crazy as competition. But relative to revenue, I think that there may be some pleasant surprises here, especially with expansion news. Seriously, take 3000 kg, assume 80 percent sold in Q4, and times 6 bucks a gram, and that is between 14-15 million just be shipped out. dollars. Then there is new production and hopefully something from
the wastes which should just be shipped as is. If Newstrike revenue is 25% of canopy, then that could be very good. No idea about profitability and spending but that is for Q4 report. And in Q4 report they “have” to give up expansion news. I’m not going anywhere for six more weeks
ps that 3000 kg is from a Jay Wilgar interview in September