RE:RE:RE:RE:RE:RE:RE:RE:New Craft in AlbertaAgreed joh there is plenty of pain in the sector yet to come but FIRE should buck that trend, even at ~$20mil for current quarter. of which looks pretty doable, is a gain of ~100% quarter over quarter which is pretty hard to imagine could pullthe SP down if the MM is doing their job.
There will be plenty in the report for sure but the sales for the quarter in the $20mil range or better will do much to stabilize the SP and get it northbound now, add healthy guidance in Sept will just support that north trend as long as the ramp up to full production continues to progress in this positive direction... what do you see, are we at $20mil or better for the period yet?
There has been much progress over the last 6mos and that is good for a start and with what Beena has seen to this point I think we will see much the same going forward....she will shelve what sells and grow those sales while finding what else the consumer is looking for and supply that. I think that she will be creating more of the path forward than following, with more retail outlets coming on line and soon to realizing profit this should be a very sweet story in the not to distant future for those that own, JMHO...Opt
johnale wrote: Ya - really low volumes and shorts are actually covering their positions in a significant way across the sector.
looks like they will take the sector to a second bottom this or next week - before earnings from OGI/APha/valens July 15 - and then solid revenues from the whole sector mid August.
obviously I'd like to see guidance by mid August - as final q4 is not due until September likely. Although we were already audited - so not sure if the process will be quicker than last year.