GREY:INSHF - Post by User
Post by
Toweringmarson Apr 30, 2020 10:19am
108 Views
Post# 30970923
FAF annuals
FAF annuals Nice to see FAF generate 51.1m for the year. But even so, lost 32.594m in doing it.
Whats interesting to note, is that they're already restructuring to close stores in Alberta.
"Fire & Flower has implemented a restructuring plan focused on optimizing the Company's retail footprint by focusing on stores that are accretive to the business. This plan will close three locations in Alberta and will allow the Company to deploy resources and licence cap allocation to locations with higher profit potential."
Its nice that they have Couche Tard in their corner, but the books aint lookin' so good if you ask me. I wouldnt be suprised to see CT pull the same move Constallations Brands did and put one of their guys at the helm. (Even though the current one was just elected to the chaimber of commerce board to represent cannabis retailers in Canada).
Growth is only good if its sustainable, and judging by the adjusted EBITDA they're just barely improving.