RE:RE:RE:This might help us today They met guidance for FQ2/20 joh, the only thing they have done is removed the hard numbers of $120-180mil for FY2020 sales....with the packaging still up and running this quarter they just need to get the product packaged and on the shelf. There has been no FIREmenu available here in Sask for the last month? With sales of ~$10mil for the quarter it is clear there are many shelves across the country that need product now and have for a while.
They can work the CPG system in when they have the packaging and supply network up and running, like a few have mentioned Humble &Fume looks like it would be more help at this time....but there are plenty of shelves across the country that need re-stocking, that they don't need anything but packaged FIREherb.
The PAX vapes, oils and other non-flower products are still slated for FQ4/20....add the ~$40mil in inventory and we should see maybe $100mil for FY2020 which is still on track to getting sales in the $200-300mil for FY2021. There has been a lot changed and moved forward since change in management and guidance, they just need to get the shelves filled ASAP and hone the marketing when they have product market.
They have no where near the downside that ACB and many others have and will continue to have for a while yet, they are months away from real profit...shorts will cover and SP will start north from here but they need the fukking product on the shelf for anything to happen, JMHO...Opt
johnale wrote: Gross Recreational B2B revenue increased 8% over prior quarter due, in part, to over 140 stores becoming active in the quarter and higher sales of premium dried flower and pre-roll joints.
premium sales? Lol that's fires category - still can't believe we didn't nail this q. I wonder if it was a combination of distribution to stores and price. Or one or the other.
but it's apparent that the country wants premium weed at a decent price - or dirt cheap weed.
colin positioning us for this reality - plus a big sales force is all you can ask for. Plus pumping out new products people want - that have a wide distribution.
either way - most longs here are so underwater - no chance we sell here.
used to be sell on good news when things were flying.
looks like it's buy (cover/avg down) on bad news now.
The saving grace is that we have cash and a long runway to make this work.