RE:RE:RE:Regardless of the reportThe whole sector needs to prove their worth from here joh, APHA has been doing better than most of late and it is trading at ~40% and WEED the big fish in the pond at less than 50% of 52wk highs and the 52wk highs have come down overall over the last 6-8mos.
Guidance is looking for strong growth to start ramping up this quarter, at the latter part of the quarter, and signifcantly through FQ4/20 so anything on par with to slightly better than last quarter....anything better than last quarter sales and in the vault is positive, not?
The B2B is not where we should have ever been as we give up too much control overall and QC....but more importantly with the sector down and some maybe not coming back to previous levels, to be chasing late payment and maybe some delinquent is not going to work for long. The in-house packaging is a game changer for FIRE.
Agreed, sales appear to be higher Q over Q....Griese has been there since the end of Nov so the supply system won't be operating at 100% but we could easily see a better than expected quarter with FQ1/20 being so low and the transition from B2B. Griese is not here to to limp along going forward, as he says
“My decision to join the Supreme Cannabis’ team was simple. I wanted to work alongside the most passionate people at a company that was shaping the industry. I look forward to creating the most effective supply chain in the cannabis industry with the agility to adjust quickly to the dynamic nature of the cannabis industry.” It does not appear that there is any concern of FIRE on the negative side, trading volume has be very low for some time now and shorts at a minimum. Positive news is in the offing, if not for last quarter, from current quarter and going forward. JMHO...Opt
johnale wrote: Fire is a prove me stock right now - so investors are taking a pause buying until they see revenues on the 13th.
you have a few shorts Im sure speculating on a bad Q - which gives the few ticks down - but there is absolutely no volume until the market learns more Feb 13.
Hold tight -
Nav was not incompetent - and all my conversations with IR re-iterated that operations were top notch and Provinces were desperate for more skew's and product from 7acres.
with 3 rooms down - and crappy packaging ability - and a complete freefall of the wholesale market (fire's primary sales) - fire did 11.5 mil.
there is NO WAY - it will be less than that -
scanning all the provincial retailers weekly you could see the addition of all 4 (5 for some) strains across all the provinces. culminating in the addition of quebec and NL&L in the Q.
Plus I will re-iterate a previous post of mine.
The reason we are down here is pure speculation - given leadership change. Which at nauseum - we discussed is likely some one time capital/salary spends to make sure we hit our guidance numbers.
Im sure you didn't get the email update- did you?
We have a 12000 bottle/day line runing since early nov - it runs 7 days a week-confirm by IR
we had a second less automated line runing 3000+/day for the whole q. (salary intensive)
we had a run rate of 33580 kg annualized for the quarter - confirmed by releases.
We started packaging and selling 7g bottles mid november as well as the 3.5g.
We still had some wholesale sales.
Bliss/truverra/pre-rolls/kke oils (sold out in bc for a while) all to market. CBD first sales
Provinces were buying significantly in the quarter - see BMO release.
Fire expanded to Quebec and NL and Lab with the increased packaging ability
Those are facts - not opinions or conjecture.