RE:RE:RE:RE:RE:Valuation - VFF Raymond Here's a perfect example...
In BMO's report -
they estimated 3mil rec sales in September and agreed it was accelerating.
266k +ebita beat their 2mil loss forcast (pretty large beat)
They believe the wholesale sales - due to relationships with LPs will be stable (and other distribution channels)
they increased their estimate for q2 from 14mil to 15mil with gross profit of 7mil (up 6) and will hit their 2mil +ebita target.
........GREAT (decent/good/positive) Quarter.......
price target - unchanged (15cents)
and they had the balls to decrease their 2021 and 2022 overall revenue projections to fit this BS PT despite increase their sales for Q2!!!
how does this make sense!?