RE:RE:RE:RE:RE:RE:RE:GREAT QUARTER! (Surprising tho)Did anyone catch the call? Beena spoke of how Supremes brands have between 3-5% total market share. 7acres was the 10th most popular flower brand nation wide, 6th or 7th in Ontario. The July dip seems to have been an aberration. September being a record month is good to see, and no forecast was given, but they "remain confident" in the current growth prospects.
The numbers are less flattering than they appear as others have pointed out. However, I see no reason to not believe that this company is now positioned rather well (comparatively) to execute on their focus. The wholesale numbers were a nice surprise, while retail at 14% growth is alright (weight). I would have liked to have seen greater recreational growth, but foresee that occuring in Q2 (20%).
The numbers, outside of the net income and adjustments, were right were I expected them to be. Q2 I suspect 15-16mil in gross rev and we could see a .5-1mil EBITDA.