The Real StorySo it took a lot of digging but apparently FIRE gave guidance to analysts after the last quarter that the next 2 quarters will have flat sales.
Provincial retailers are sowing buying to make room for inventory for cannabis 2.0 products.
(less fire product - aka - price increase on OCS)
Even though FIRE is ramping up (24/25 rooms HC approved) they are stockpiling for vapes/oils and pre-rolls (see most recent news) (higher margin products at least)
apparently 70% of FIRE sales are still wholesale and transitioning to full retail is going to cause some bumps in the short term IMO.
Current estimates are
Q1 - 21mil
Q2 - 26 mil
Q3 - 47.8 mil
Q4 - 56.4 mil
150mil guidance..
Huge jump in Q3 (jan/feb/mar) sales as their products hit the market.
DONT expect an amazing Quarter - analysts expect flat sales and thats why we are at .80 cents.
This is already priced in.....
Once we get to Jan - money should be rolling in - and hopefully we start to move back up to 2+ and beyond.
Just sharing ..