For those that missed the Fireside ChatNobody is going to settle for selling at these cheap prices when they don't have to. For those that did not hear Tim Condor on last fireside chat with Alliance Global Partners. I summarized some key points below.
SUMMARY
- After a year of stabilization, we now see powerful drivers for growth EBITDA and gross margin creating increased value in each business unit.
- TILT as a whole is stronger after COVID and with a larger client base
- Cost savings at TILT ensured strong cash position
- Blackbird - now profitable and focusing on revenue drivers. Delivery has increased 600% during COVID and has maintained 200%
- For plant touching assets - Increase rec sales Q2 - expect doubling and tripling revenue and EBITDA in 1 year - currently 50,000 square feet with additional 50,000 ready after virtual sign off- more than doubles cultivation footprint.
- Vape category doing well - increasing in size and scope
- Jupiter largest Smoore CCELL distributor by far - Mark has been working with Smoore for 25 years - worked with them at NJOY - very strong business and personal relationship
- Mark started the Smoore health care unit with the founding of Jupiter - Jupiter has staff at the Smoore facilities. Only CCELL distributor with operations team on the ground in China - ensuring state side operations are best quality and calibre - but main supply chains and sub tier supply chains are monitored and seamless on the ground.
- TILT Innovates in conjunction with Smoore and independent
- Jupiter new Liquid Infinity and Que lines - with CCELL - are proprietary to Jupiter with better margins
- Excited to push the TILT story and company forward. After a year of stabilization, we now see powerful drivers for Revenue growth EBITDA growth and improved gross margin - creating greater value in each business unit.