RE:RE:RE:RE:RE:RE:RE:Conference call Ya I hear you -
I did listen again to that second question - at 27 min - she didn't quite commit to any number, and or language was vague - just that they were continuing to gain 'traction'. So im just going to say its 'unknown'.
Ill give you a second perspective as per growth - with some numbers.
Q4 showed canadian rec total of 619.1mil for april/may/June.
supreme had 7.25mil rec - assume average .65% mark-up and add back 1mil in tax (just in case she referenced market share including the tax) (8.25/375.2 (adj for markup))
you get 2.2% overall market share for the quarter - in Q4.
we jumped to 3% market share in July - which is a 36.36% jump on a market which grew 12+%. (potentially)
If you work out the numbers on a gross basis - works out to 50++% growth in rec.
Thats assuming market share stayed flat through july/aug/sept.
Humble and Fume was continuing to ramp up distribution to new stores and product points.
the data is that they created 1290 new listings (in new and exisiting stores) and added 242 new stores by the end of June which culminated in that nice JULY increase.
She didn't have updated data - only new thing is 54 new stores in July and August with Unknown new product listings.
Given they listed 1290 products when they couldn't even go in store until June - it should be interesting how much more they listed in Q1
StayInvested wrote:
She didn't refer to 30% as a number, she referenced the June/20 quarter as a comparable for this current quarter in terms of recreational growth. Minute 37ish I think. It was a question posed by the second analyst I believe.
My estimates are Net Revenue, not gross for future reference. This is in response to Opt.
I'm typically very conservative.