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Speakeasy Cannabis Club Ltd SPBBF

Speakeasy Cannabis Club Ltd is a producer of cannabis in Canada. It operates in a single segment that is the cultivation and sale of cannabis biomass.


GREY:SPBBF - Post by User

Comment by StockhouseInsideron Aug 27, 2020 4:06pm
109 Views
Post# 31464645

RE:RE:RE:Sales contracts?

RE:RE:RE:Sales contracts?I would be more comfortable with some pre-sale, hedging. But if there is so much pent up demand for high quality then investors would criticize them for playing it safe. Double edged sword but personally I think its smart and good business to hedge.

The last news release said this will be "one of" the largest, not the absolute largest - 80,000 kg is a lot https://speakeasygrowers.com/5-weeks-from-harvest/ - the largest outdoor harvest in Western Canada... maybe all of Canada

Also EASY has the lowest production cost per gram at an estimated $0.04 -  leaves a lot of room for margin and I'm finding it hard to find an LP with positive EBITDA. What I found a lot of in my research is the race to bankruptcy, each of the majors has raised hundreds of millions and some are $100M in debt, producing 100k kg + annually, and their plan is to scale up to achieve profitability - I found a greenhouse with low production costs at $.63 per gram but still not profitable - only winner is the banker 

EASY still has lots to prove but they have a hundred years of farming know how and building SunRype on their side, no need for pesticides and dry heat all summer
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