Real Info . Forward Guidance From Our CEO John Before We hit the licence Friday night . Excellant read for those who are looking for information not bs . Enjoy . // // From FB group. Letter from John...
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// // Good morning Guys,
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// // just a little summary of my conversation with John,
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// // john has the experience and i am confident in him, he worked at a medical company and pharmaceutical with 600 million in revenues yearly. He was the COO before the CEO of Sugarbud. His model is do not spend where spending isn't warranted. he comes from a very disciplined background of being fiscally responsible. While other LP's were laying off, Sugarbud was hiring and moving forward because they did not spend foolishly.
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// // grow license with 2 harvests under their belt, coming up on a 3rd harvest. They are in the market commercially, and well down the road with their sales license. All less then a year since started and have been on schedule with the targets to date. We are still on target for the sale license at the end of the 3rd quarter 2020. (so end of Sept)
// // They do expect to have product in BC, AB and sask, and have been creating relationships with stores to have sugarbud products in them upon receipt of the license 3rd quarter.
// // They have been very methodical about finances, in the height of covid 19 they got a loan from the bank. what that means that there is enough meat in this company that a bank in the height of covid 19 leant Sugarbud 5 mil with confidence.
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// // Sept 3rd they started growing, every harvest takes 11 weeks, 2 done, 3rd on the way, so we are well on our way now. takes awhile to ramp up, but we are there now. the first year is the most frustrating for both investors and the company as it takes time to ramp up. we are their now!
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// // The message John would like to give you all a message
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// // "the guidance he's given, virtually every time he's hit it. he never will say anything he doesn't mean, but when things go into writing for release, they are 100 % plan to hit those targets."
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// // Many LP's of Sugarbuds size are no longer here after covid 19, that says something of the long term fiscal responsibility they have for sugarbud.
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// // Any PR in the past came from john, even though they had a IR person. He does not want to put out useless PR, ie " plants are 1 foot taller this week, if there is no significant news."
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// // they are positive they will have positive cash flow by the late Q4 2020, early 2021. Not to be confused with positive profit, but they do sees by late q4, early q1 2021, our revenue rate should outpace our spend rate, which is again really positive, and from their its not far off to get to a positive bottom line. Operating expenses are low, keeping a small management team, with a small team that really make it happen at sugarbud.
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// // This was a 45 minute conversation and 100 % feeling great about my investment. John was very approachable and it was a pleasure to chat with him.
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// // // Best one that pays for shares well over present sp /