GREY:CHALF - Post by User
Post by
RenRokon Jun 01, 2016 10:00am
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Post# 24922664
Looking Forward
Looking Forward
So now that they have made it through that tough time there are many things to look forward to.
Q2 sales in Oregon are approx
$1M for April
$1M for May
June will have rec sales so lets say conservatively $1.5 M for June
Q2 should be at least $3.5 M for Oregon
Washington sales are
$357k for April (30% increase from march)
$475k for May (50% increase)
est $600k for June
Q2 should be at least $1.4M for Washington
Total sales $4.9M US for Q2
BMF also has $1.2 M more in flower waiting to cleared and sold which may also happen in Q2.
Q3 will be even bigger with 3 months of rec instead of just one
Big growth coming - no doubt about it. GLH also planning to launch its Golden brand in Washington by the end of the month.
Financing issues are no longer in play with management saying they will be taking up the rest of the debenture offering of $2.5M at .67. Bravo to management! This is a big move and should give lots of confidence to the market going forward......These guys have had to deal with some issues in the past but they are turning this around like champs.
Did I mention that GLH has the highest annual sales for the year out of all the public weed cos? Also one of the lowest market caps so go figure.