GREY:FFLWF - Post by User
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1sergedompierreon May 01, 2020 1:27pm
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Post# 30976846
RE:Typical
RE:Typical Stockplay ...this is avery good post and i agree 100 % with it ...i am keeping acumulating that stock on any dip like today BUT i know very well that , as they have said it again yesterdaythay have to make profit at the end of this year .....
I think with opening Ontario soon by adding 8 new stores will help with more volume and a thing to watch is the bid for exclusivity in New Brunswick -that Province is actually selling over 40 M per year ...so all is there to make a good positive and profitable year .
The trigger prices for CT to step to the next level is 1.09 ...we are far from that price now in a global difficult year ...so net profit is the name of the game .
What i like is the fact that in the last minute CT has bought 2.5 M on that Green Acres convertible loan ...so there are still interested
They came in only in August 2019 so that is only 4 months before the end of 2019 and i suppose they have put their nose in cleaning the balance sheet which explain the write off of over 6 M and the closing of 3 non-productive stores and so far i am OK will all that but now they need to perform not in term of growing sales but in making net profit .
2020 is key for that company and we will see soon .SD