RE:Any Catalyst In this Company - RADD still involved? Thanks for filling me in on the RADD connection. I will dig into that a bit more later today.
With respect to catalysts - I think there are a few that came up in the investor video they posted a couple days ago, but these catalysts might take a minute to show up.
First, they have released a new product. It is a high THC dose gummy called Crunchies Munchies. The packaging is totally different from their core gummies / mints / cbd products. If they can create another hit product that does share their original branding it would be very positive for their outlook insofar as it would mean their products are winning in the market because they are better - not becasue of some echo effect of being under the plus umbrella. The new product was brought to market after one of their competitors lost their license. Plus did not have a super strong THC gummy on the market and the leader was gone so they stepped in to replace that competitor - let's hope it works.
Second, changing distributors should allow them to pluck some of the low hanging fruit left in California. Changing from Calyx to Herbl will damage Plus's numbers in Q4 but it will be better for the company moving forward. The new distributor has access to nearly 600 dispensaries across California whereas the old one only had relationships with around 300 dispensaries. Plus's growth was being held back because their old disribution partner could not get their products to more pointns of sale. With Herbl as their partner we should see Plus's distribution reach nearly double over the course of 2020. Getting on shelves is the easiest way to increase their sales so this is a very simple, and easy growth catalyst. Also, because Plus is one of the leading companies in the state now (instead of a startup 2 years ago) they were able to negotiate a better distribution deal with Herbl than they had with Calyx. So gross margins should improve some with this new distro partner.
There was one other thing I wanted to mention but my brain is crapping out right now. I will come back and post it if I remember. Good luck to all
fundamentalinvestor wrote: Any catalyst in this in the next 90 days-180 days?
Any more stock coming unrestricted that will keep the down pressure?
Is RADD still "partnering with Plus" to assist on capital side?