RE:Webcast A lot of info that we knew, key takeaways for me were:
- operations in 7 U.S. states
-access to 685+ dispensaries
- not thinking of a rollback , scoffed at the idea
- wants to provide shareholder value
- will be / are looking for financing soon but more so , strategic partnerships
- expecting to close nevada soon , any day .
- ceo of GT working with eat team closely
- the debt they do have, 13 mill , they have a two year window before it's due
- 24.8 million yearly run rate , not including 10 mil that Nevada and Colorado ops are making now but are not on the books
- plans to try get Colorado revs on the books soon and GT when it closes
- looking to expand calyx as regulations in other states open up but focusing on Cali.
- have rapidly scaled calyx with 7 quarters of growth
- calyx serves curaleaf, guild, st ides and other top brands
- Pabst starting its foray into cannabis through st ides
- finishing buildout Fli labs NorCal
- no talk of abba medic jv or Chv deal with buzz.
undervalued compared to peers . Adam seemed confident about the future
another good point was how the business of distribution is a business that larger more mainstream traditional businesses would find familiar. As opposed to the Coca Cola execs getting into a co
pany that only grows weed. Not the best margins on the distribution end (20%) but they are making $.
feel like I missed a few . He mentioned federal legalization in the US and how he feels that would bring in a lot of the larger companies looking to buy . Valuable network they have built in cali.
the usual Adam style but sounded more confident and upbeat. All in all , decent . I did ask about Canada but no answer. They mentioned they may have something afterward that addresses more questions but who knows