GREY:CHALF - Post by User
Post by
RenRokon May 05, 2016 1:50am
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Post# 24843223
BMF April Sales Up
BMF April Sales Up BMF sales up in April. Not a huge jump but definitely trending in the right direction again with consecutive months of growth. I expect bigger monthly jumps now going forward as they should be getting fully ramped up again after the pesticide issue, and not to mention all the growth the GLH team will be bringing.
The top producer/processor in WA was at $1.4mil for April. That is around what i would like to see BMF making by the end of the year. I think that should be very possible since BMF was already doing $700k per month before pestgate and before GLH and all their brands etc.
Dont let these last few months of small sales fool anyone. Even after these horrible few months BMF is still one of the very top dogs in WA. They are 3rd in Total sales there since legalization started, so they are very legit, and I have to believe they will be number 1 after a little time with all the growth that is going to be happening there. Right now they are building the sales team up to go from the current rate of 20% - 30% of dispensaries carrying their product to over 90% of dispensaries carrying our brands.
So if we take Dons estimate from the CC of $2.5 mill per month in Q4 for Oregon, and add in a WA number of say $1.5 mill per month by the end of the year. We would be looking at run rate of $48 mill US/ year going into next year. As long as no more issues creep up this is a very good possibility.
What is the market cap on this thing again?
I think all the bad news is out, and everything is already baked into the SP and then some. Anon seems to have totally dried up (for now at least) and was actually a net buyer of the stock today for the first time this year. Personally, i think the tide is turning here and I have been putting my money where my mouth is. Maybe it will go a little lower, maybe it wont, but I am fully expecting a recovery for the stock in the not too distant future.
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