RE:RE:Garden Tour here is what i got:
1)Basically went over all the different brands and dif market segments they are able to cater too.
2)They focused alot on H&F partnership... very beneficial shared cost structure. Seeing impacts.
3)Discussed on their liquidity positon... putting in ATM, cash on hand etc... in a good position for any cap ex in future. No large cap ex in near future and anything they will spend money on will be probably for processing. Side note: Talking to IR they may look to purchase some machines to speed up automation and mb another bottling line. (if i recall correctly)
4)talked about the team as a whole's expeirence in CPG and operations etc..... stressed on value of Beena with her work expeirence in competative CPG space for whole food organic. She has alot of experience to move us ahead.
5)talked about three pilars to path to profitabilty: cut cap ex (done), make over head changes (done), get more products to shelves (accelerate revs). He stressed how products are starting to get out there in last few weeks. also mentioned how they can dial in efficienies on a per unit masis while increasing volume... ie efficiencies have yet to be fully realized (thats what i got from that comment)
couple q's came in (same person for three, Matt somehting didn't get name)
1)Seeing a shift to value brands and mid tier... how does supreme view these segments?
Basically discussed sugarleaf, 7acres, blissco and how they are all focusedon dif segments. Mentioned how sugarlef wa focused towards women and have seen good response to the marketing.
2)Cash Flow... what was the path to profitability and risk to headwins to profitability?
of cource covid put a wrench in alot of things. They have been focused to ensure safety for employess and consumers while taking steps to ensure supply chian is not disrupted. Back to 3 pillars.... consturction done, restructuring done in feb, products to market. He sid they were right sized org and a nible company to be able to change at any time. They were starting to see fruits of their efforts in cost perspective and rev side. mentioned about market share was noticed. It was all about differentiation to find the path to profit.
3)what are beena's top priorities?
she brings in best practices from rich CPG experience. started with a small comapny to a market leader. she understands how to work in CPG environment. didn't go too much deeper then that. I think she is still doing alot of learning about cannabis.
Hope this helps Johnal (and anyone else that wants a read)