RE:RE:RE:Q2 - upcoming - and the rise back to 3bucks...... Actually - you'r wrong.
if you speak with the company - even in November - they anticipate 70% of their revenues for the year in q3 and q4 - 105mil with q4 being the largest with sales of their pax vape pods for the full q ( 60-45 split) (or more)
this q should have been 33.5 - given weak q1 - but I don't think we get there.
I asked IR specifically at the time "there is no analyst out there who thinks you'll hit your guidance, how in he'll do you think you will"
the answer was that their flower segment has excellent demand - they will expand (have expanded) to all 10 provinces (increased distribution) and analysts are underestimating the contribution of their new products.
wax/rosin vape pods new strains/ which they say have proven demand based on their research with a competitive advantge to competitors. plus they weren't going to get involved with edibles/drinks which had costly startup costs and un-proven demand.
2 full q cbd oils/pre rolls and all their 2.0 products
There issue is execution - and bringing those products to market.
I believe they didn't have faith in nav to navigate this - and will rely on Colin Moore who has significant experience to run the ship and execute.
I still don't think they hit their guidance - (given market conditions) - but if they come close 120-150mil - that should easily warrent a significant share price as it shows fire is and will be a successful company. If they have a 40+mil q on an annualized basis that 160+ - no one will be thinking of that annomoly in q1 and the share price will be north of 2 bucks.
fire did it right - make a quality product first - one that is in demand - and then execute on the strategy. Canopy/aurora and others did the opposite. That's a recipe for disaster.