RE:Next QRT revenue estimateI've revised my 4th Q rev for Vivo. Now hearing that Nov. cannabis sales were $54M (I haven't seen proof of that, simply going by what I read here).
I'm sticking to my $5M+ medical revenue.
The 10 weeks of cannabis sales is what I'm updating, again these are simply my guesses, I really have no idea.
$43M for the first 2 weeks, $54M for the next 4 weeks(I had estimated $60M), and I'm going to guess $50M for the final 4 weeks (Dec). Total rec sales $147M(my original guess was $163M)
So, $147M times 5% of market sales( a little lower then the 6% show for Oct just to be conservative) equals $7.35M
$7.35M+$5.0M+equals $12.5M+ revenue for 4th Q. Still pretty close to my $13.15M guess earlier.
Also, we will not have the $9M loss, from the rebranding and such.
Again, this is just my guess, just for fun. Don't get all tied in a knot about it.
Really just making conversation until the end of Feb.
Hopefully we get some news soon.
GL
zen2twenty wrote: Last qrt pro forma $4.4 million in revenue, without rec sales.
This qrt those same revenues will be $5+ million without rec sales.
Now rec sales. There was a post a few weeks back that Vivo had 6% of the rec sales. Another post said sales for the first 2 weeks of legalization were $43 million. It's been 8 weeks since then.
So lets say the last 8 weeks have averaged $15 million per week, a little lower then the $21.5/week the first 2 weeks. Lets also lower the % of sales for Vivo to be conservative, to 5%.
So, 10 weeks of legal cannibus sales, $43M first 2 weeks and $120M the following 8 weeks, equals $163M in sales. If Vivo averaged 5% of thoses sales that equals $8.15M in revenue.
$8.15M + $5.0M = $13.15M in revenue!!!!
They also won't have the $9M loss this quarter either.
For a full year that would put them at well over $50M/year in revenue
We will be at 52 week highes by the middle of 2019. IMO