RE:RE:RE:Longs - WebSwinger wrote: .2 million on oil sales. That make no sense. Their dried flower sales almost doubled this quarter from last. Last quarter they had many millions in oil sales, at least that’s what I read. Their must be an explanation for this and I want to know the explanation. They said medical sales declining hurt the quarter. Looks more like it was the oils sale declining.
480Mayham wrote: catchascatchcan wrote: Pretty sobering week from my perspective. Most concerning to me, beyond the paper loss, is the rate at which our peers appear to have grown their rec sales ~40-50% quarter over quarter, while we're treading water. I haven't seen the transcript on the Q&A yet, but did they address the $.2M oils sales? I'd be extremely interested to hear about that to say the least, but unfortunately I couldn't tune in. A few bright spots, but today is the first day I'm absolutely OK with a replacement coming in for Bruce. As much as I thoughts I'd never say that, and he did build the ship, we need a new and competent captain fast. We have (thanks to Bruce) amazing assets by every measure and in the right hands can build a really beautiful thing, but if the proof in the pudding doesn't show up quickly, it could get even darker. What do the longs think about recovery catalysts? At this point, I'm not sure we're going to see real traction until a solid 6-9 months from now when 2.0 products are on shelves and (hopefully) selling well. Splashy product reveals are fine, but it appears the market will settle for nothing less than solid business metrics. We're clearly 2021 for positive EBITDA and more years for positive net profit as per Mark's notes. I'm pretty gutted that we haven't been able to move more product8 months post legalization, even with the supply chain restraints. Could we have issues with being perceived as the 'big beer' of the space, and people are gravitating to more 'crafty' players? I'm just grabbing at straws, but it really is surprising and alarming. It's going to be a rough ride from here until Nov 15 when our next quarter comes out, especially if the markets in general hit the skids. Sorry for all the doom and gloom! I'm still holding my shares, and just hope it perks up this winter. GLTA and please comment on the oil sales if you know. Many thanks.
Catch, very thoughtful post. I want to just sum this up in 1 sentence. If Mr.Linton is upping his stake there is a very good reason. I have always trusted his judgement so I was very pleased to learn of this from a PrZ post. Truth is I had already pulled the trigger before reading it but got a real peaceful easy feeling knowing he also upped his holdings. I have a feeling I got in lower than him though :P I know he reads this so hopefully he gets a nice laugh on a dreary day. Can you imagaine what he lost on paper today!!!! WOWZER!
Mayham
I gave you a reasonable, logical explanation this morning which you rejected while calling me a liar. I look forward to seeing the explanation that you deem acceptable... Lol.