RE:RE:RE:RE:Grimaldi bought on boardGreede, your comment made me go back to the last quarterlies. I'll admit that I would be surprised if they were profitable by next quarter. There was a net negative write down that won't be repeated in coming quarter but the cash portion of that that definately won't be repeated is <$3 million (as for the inventory issues, we'll have to see whether or not those will be repeated).
It's my assessment that the gap they need to close to acheive profitiablity is too big to be reflected in the coming quarter. They're relying on revenue growth and controlling expenses and there is always a time lag between the company's present state and quarterly reporting.
I'm hesitant to make any firm predictions because of four unknown factors:
1. Impacts of GT aquisition - it was profitable in the past ~$.5 million/mo - but we don't know what it looks like now or when exactly that will start being reflected in the financials.
2. The company predicts that they'll have a their Sacramento
manufacturing facility complete and fully licenced by the end of the year, so the revenue from this won't be reflected in the financials for this year.
3. Ramp up time for Calyx expansion. Are they already operating out of SoCal or not? I can't be sure and when will that expansion start to be reflected in the financials.
4. They may aquire Palo Verde. This will be a large one-time cost. But could be a great long-term move.
I think they're on the right track towards profitability and I'm seeing the execution of a great California strategy. Nutritional High has grown Calyx to the point that it's now larger than Continuum was September of last year, which says something. And, even though I can't measure it just yet, I beleive Calyx is the fastest growing cannabis distribution company in California.
I'm seeing everything I need to.
Greede wrote: Check inbox.
By the way, does anyone think that EAT could surprise with profitability in the next financials, if not by year end?
It seems very possible to me. Long-suffering shareholders would be massively rewarded on that kind of news. Something to be hopeful for, right?
LiquidOctopusV2 wrote: Executives join companies for 2 basic reasons: 1) they need a job, 2) they believe in the business and its potential. Grimaldi, isn't hurting for a job these days and executives don't join companies they believe are going to die. What use is stock option for a dead company?
We are bleeding. But, realisitically, you need to look at a CSE cannabis company stock index. This is a hard time in the whole sector. Nutritional High, as I've mentioned, actually gave up less in the recent downturn because it was already down. Shareholders have good reasons to be upset, it sucks these days. But, I've never accepted the argument that NH's executives are predators and I don't give in to easy talking points.
letsgetonthis wrote: He’s joining the ride to suck More bonuses I think.. bleed shareholders bleed !! Sad that they have given back 4 years of gains .. not to many weed companies out there that have done that .. companies like ATT did and look at what happened to them !!maybe Jim bailed so he didn’t have that on his resume??