RE:RE:RE:Why a partner is importantThis is the key Fast, they need the numbers to be recognized as ligit and to see buyers move in big and SP head north, estimates are nice but revenue talks and bullshite walks. It looks like guidance is doable as long as packaging is up to speed in the first half FQ3/20....with the increase of product in the vault added to the production from full grow area available for the first time, the addition of Que and NFLD to the customer base, add PAX and Euro market development, KK should hit the shelf in FY2020, new retail outlets openning in Ont, etc.
The FIREstory is going to look even more impressive as most in the sector continue to try to restructure and evolve from grass production to quality herb, of which is not easy if they can do it at all at scale and if they can it won't be happening over night, this gives FIRE a huge edge and will for a long time to come....FIRE's facilities are refined and proven today and no one is even close and even if they can grow the quality it will be years before they can grow a million sq ft of FIRE menu level quality.
FIRE is light years ahead of the rest of the sector in quality of menu and the production of that quality at scale and has been from the start, if others can catch up it is not going to be overnight. We see this from Aurora for example as they have been brainstorming this for most of the year now and with the CCO departure/ SP drop they are still a long ways from catching FIRE. Dhaliwal/ team have no time to sit on their collective azzes either and there will always be issues on the negative side to contend with but it sure looks good for this company going forward.
FIRE is, and has been, shelving the level of quality that the market demands and has little to no ligitimate competition in the near term at least, they are cashed up with no concerns for the foreseeable future and real profit realized by end of FY2020. There will be strong accumulation month over month as guidance is met/ exceeded along with handsome rewards for those that own, especially the all too long suffering longs, JMHO...Opt
Fastlane2 wrote: Charts look good for a substantial move north but Nav has stuck his head out pretty far and has made some hefty financial promises going into 2020 that I hope come to fruition. Nav has confirmed forecasted net revenue for fiscal 2020 of between $150 million and $180 million, and positive Adjusted EBITDA for fiscal 2020. If Nav comes through with these numbers the accolades of "brand of the year" will also see recognition or nomination of "CEO of the year" for mid market (50 to 500 million) and growth (net 10 to 50 million) The latest weak 1st quarter financials indicate (hope so) that the majority of the revenue is anticipated in the second half of the year (3rd & 4th. quarters of 2020). We begin trading tomorrow (December 27th.) let's hope to see some strong accumulating volume and then a follow through on Monday December 30th. Are the tides turning for Supreme in 2020?