RE:Above forecasted earnings expectations albertaoildude wrote: High Tide is expected to have generated C$19.8 million revenue in its fiscal Q2, up 45% sequentially. This estimate will be low due to exponential hoarding of product during scamdemic.
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Im conservative on projections. Fire & Flower put up 23 mil from 42 operational storefronts. That is ballparking around 550k a store average. Based on that average, High Tide PR on April 22 said they made $789k on the 4/20 weekend based on their own 31 operational stores, 31 being the key number here by end of the quarter. 31 x $550k puts us around 17 mil. Obviously locations are key, i am just using a now known retail average. Being conservative, 16mil+ will be a good quarter. 20mil would be a jawdrop.