I have read Sedar DocumentsFirst, if dividends are important to anyone, buy bank stocks, nothing going on here.
I've read many financials, always trying to find hidden nonsense, for the first time ever, I have full confidence in this ER, HVT has provided full tansparency. I take my hat off to both CEO and CFO. I'm confident posting what I'm about to post, however, if someone can poke holes here, feel free.
Hopefully my interpretations are correct, if so Shorts have no case here. Share price should rise tomorrow and probably again monday and into tuesday before consolidation. However, anyone engaged here will see that HVT has significant upside.
1. Revenue 3.7M increase of 123% qtr over qtr, 235KGs sold
2. Gross margin of 47%, United Greeneries 53%, so Margins are fantastic
3. Sales Canadian, (pot) 2.079M, US (DW i think), 1.648M, Ireland (Satipharm i think, 13.8K), irish maybe switching from Guiness to Gellpells, haha
4. If i understand correctly, HVT is sitting on 5.4M inventory, Dried flower and Gellpells, we will see how this plays on next quarter, but could be good.
5. Burb is doing what they say, 2 stores in 2019, 6 by 2021. I think this is a bit of liability, but HVT has 19.9% control of destiny, plus quality pot to supply Burb, branding opportunity. Burb has more to gain than HVT has to loose, so not an issue for HVT. I trust Grant to make this work.
6. Cash 41M, burn of aprox 9M in previous 6 months, could be slighly off, (3.5M net loss, 750K severance former CEO( not to alarming), 600K consultant??, ongoing expansion, salarys etc. everything seems to jive.
7. Outsatnding options, does not increase full dilution, 15,225M, @ avg .79, considering total outsatnding shares, this is good for us, share holders.
8. Total warrants for exercise not really significant, i'm not sure but it looks like about 16M, so not significant and have to be exercised between.75 and 2.30, this does not trouble me at all. HVT has a low float by comparable standards, which means share price can move quick.
9. Total assets 105M, liabilities , 3.5M, this is ridiculus, my other picks have liabilities almost equal with assets, this is huge, this alone should drive share price.
10.Going forward, Europe CBD is legal, Med purposes must meet requirements so Best Practices, clinical trials, HVT is there, beautiful thing. CBD in Europe to be 2B+, Satipahrm is there early days. Sleep aids globally 49B, 80B by 2022, 17 million canadians suffer from sleep deprivation, and HVT is sticking to 20,000kg for end of 2019, this is massive
Tomorrow, i wish everyone good luck, I cannot believe Shorts have a case of sell the news here, because going forward, HVT is firing on all 16 cylinders.
GLTAL