RE:Conversation with IR.....Much appreciated md it sounds like sales have to be much better in this report, with the conferences set for 14th, 15th, 16th and 22nd speaks volumes....much talk on investor relations, the direction of the company and we should have a better idea of a RS action or not.
The MD&A always has good info, albeit usually general in nature but adds to the overall state of the company now and forward looking....this one will definately be worth the read. The oils will definately be a hit and depending on supply should give the bottom line a good boost, especially the second half of the year.
They should be breaking ground on the ultra facility this quarter if they are going to be growing in the 1st half of '20, although there should little to no learning curve in the construction process as it will be a 'cookie cutter' of the existing facility for the most part....and funds secured and in place. The FIRE balance sheet will be the sweetest in the sector by year's end and with the SP much further north, JMHO...Opt
maritimedreamer wrote: Thought i would share for anyone interested:
1) Where are the oils? As Per NR Should of been April
Basically oils are bottled and ready waiting to be listed. Their expectations was April as well but hoping it would be sometime soon. They will potentially have the higest retail price for any oil product, and will provide further guidance to that respect. Quantities will be modest to start but the scale up should be relatively quick.
2)Grow rooms:
Just the waiting game from HC....... so that means 7acres is complete, and they are waiitng to announce as soon as they get the final approval. Will be sweet when we finally hear 7acres is complete and running on all cylinders.
3)Medigrow/Lesotho/Malta:
watch for the Q3 MDA and PR.... it will give us an operations update and next steps. (something i'm very excited to see)
4)Lot 16: No real details to provide other then they were still completing final plans etc......but it is happening as we know with funds put aside.
5) Financials will be coming before the 15th deadline form sound of it..... press release min of one week in advance (was hoping for today but do not see anything yet)
THought i would share..... IR is very friendly and willing to chat to anyone in need of clarity...... i found them to be mst willing of LPs i've followed and contacted.
happy friday all!
MD