Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

BLACKROCK Municipal Income TRUST V.BFK.P


Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.


NYSE:BFK - Post by User

Comment by Jefe127on Sep 13, 2020 1:45pm
116 Views
Post# 31550085

RE:SQDC Annual report 2020 and Strategic Plan 2021-2023

RE:SQDC Annual report 2020 and Strategic Plan 2021-2023Thanks for posting this - it really is the kind of info that investors should focus on especially the implication as it relates back to HEXO preferred supplier agreement  for sale/distribution to SQDC.

I really enjoy reading this part : SQDC quote   "At the end of its second fiscal year, the SQDC reported net earnings of $26.3 million, making it the most profitable government cannabis corporation in Canada. Government revenues from operations in the form of excise taxes (collected from producers) and consumer taxes enabled the company to generate some $120 million in revenue for the two levels of government. All told, the SQDC concluded more than 7.7 million transactions in fiscal 2020, 8.2% of which took place on line"

HEXO formerly HYDROPOTHECARY, NR :   GATINEAU, Qubec, April 11, 2018 (GLOBE NEWSWIRE) -- The Hydropothecary Corporation (“Hydropothecary” or the “Company”) (TSXV:THCX) is pleased to announce that it has entered into a commercial agreement with the Socit des alcools du Qubec (SAQ) to be the preferred supplier of cannabis products for the Quebec market for the first five years post-legalization, with an option to extend the term for an additional year.

https://www.globenewswire.com/news-release/2018/04/11/1468377/0/en/Hydropothecary-signs-5-year-preferred-supplier-agreement-with-SAQ-for-an-estimated-volume-of-200-000kg.html


whoknows wrote: ENGLIH VERSION will FOLLOW

Pour consulter le document complet cliquez sur le lien suivant

Informations partielles extraites du Plan strategique 2021-2023 de la SQDC

Lien Francais
https://www.sqdc.ca/fr-CA/a-propos/acces-a-l-information/Publications
 
Sachant qu’en mars 2020 la SQDC comptera 41 succursales et qu’au terme du Plan strategique 2021-2023 elle en comptera 98, ces cibles sont ambitieuses. En effet, cette croissance de 133 % du nombre de succursales sera accompagnee d’un controle serre des depenses pour que nous puissions maintenir notre ratio des charges nettes sur ventes a 13,8 % pendant les 3 ans. Le succes de cette orientation sera egalement evalue par le taux de connaissance et d’adhesion de nos employes aux valeurs de l’entreprise.

Vue sur nos activites (mars 2020)
674 employes (642 en succursale 32 au siege social)
41 succursales
13 fournisseurs actifs
7,5 M* de transactions
155 produits en succursale
185 produits en ligne
7,2 M en succursale
320 000 dans notre site Web
163 000 comptes clients dans notre site Web
6,5 M* de visites dans notre site Web
45* tonnes de cannabis vendues
 
* Au cours des 12 derniers mois
 
 
Informations extraites du Rapport annuel de la SQDC

La Societe quebecoise du cannabis (SQDC) termine sa premiere annee complete d’exploitation avec un benefice net global de 26,3 millions de dollars.
 
le site transactionnel de l’entreprise – SQDC.ca – aura contribue a capter plus de 30 % des parts du marche illicite quebecois.
 
Ventes Les ventes totales de la SQDC ont atteint 311,6 millions de dollars pour son exercice clos le 28 mars 2020, soit 46 863 kg de cannabis, comparativement a 71,3 millions de dollars et 9 922 kg de cannabis au cours de son exercice precedent, qui ne comprenait que 6 mois d’operations.
 
La SQDC a enregistre 7,7 millions de transactions en succursale et dans le Web pour une moyenne 46,30 dollars (toutes taxes incluses) par transaction, tandis que le prix de vente moyen d’un gramme de cannabis tous produits confondus se situe a 7,64 dollars.
 
Ventes par reseaux Notre reseau de 41 succursales (la 41e ayant ouvert ses portes quelques semaines avant la fin de l’exercice) a affiche des ventes de 285,9 millions de dollars (57,6 millions en 2019 avec 13 succursales). Le volume des ventes en succursale a ete de 43 005 kg (8 036 kg en 2019). Par ailleurs, les ventes realisees dans notre site Web ont atteint 25,7 millions de dollars (13,7 millions de dollars en 2019). Ceci represente 3 858 kg en volume (1 886 kg en 2019).

 
Extracts from SQDC publications

For complete document, click the link.
 
Link ENGLISH PUBLICATION
https://www.sqdc.ca/en-CA/about-the-sqdc/acces-to-information/Publications
 
2 Publications from SQDC   Annual report 2020 and Strategic Plan 2021-2023

 
Overview of Our Business (March 2020)
 
674 employees (642 in stores 32 at head office)
41 stores
13 active suppliers
7.5 million* transactions
155 products in stores
185 products online
7.2 million in stores
320,000 on our website
163,000 customer accounts on our website
6.5 million* visits on our website
45* metric tons of cannabis sold
 
* In the last 12 months
 
The SQDC will have 41 stores in March 2020. At the end of the period covered by the Strategic Plan 2021-2023, it will have 98. While these are ambitious targets, this 133% increase in the number of stores will be accompanied by strict control of spending, enabling us to maintain our ratio of net expenses to sales at 13.8% for all three years. The success of this orientation will also be measured by employees’ rate of awareness of and commitment to company values.
 
The Societe quebecoise du cannabis (SQDC) has ended its first full year of operation with total comprehensive income of $26.3 million.
 
The company’s 28 new stores and transactional website (SQDC.ca) helped it capture more than 30% of Quebec’s illegal cannabis market
 
The company recorded net sales of $311.6 million, up 337% from fiscal 2018-2019. This growth was supported by the opening of 28 new stores, bringing the total to 41, and an efficient transactional website with same-day processing of most orders.
 
The company declared a surplus of $26.3 million, nearly 30% above the targeted $20.6 million.
 
Financial results that exceed expectations In fiscal 2020, the SQDC recorded total sales of $311.6 million, a figure in line with the company’s financial objectives. This is an increase of more than $240 million from the preceding fiscal year, when sales totalled $71.3 million. It should be noted, however, that the 2019 fiscal year comprised only six months of operation, as sales in stores and online only began on October 17, 2018. At the end of its second fiscal year, the SQDC reported net earnings of $26.3 million, making it the most profitable government cannabis corporation in Canada. Government revenues from operations in the form of excise taxes (collected from producers) and consumer taxes enabled the company to generate some $120 million in revenue for the two levels of government. All told, the SQDC concluded more than 7.7 million transactions in fiscal 2020, 8.2% of which took place on line



<< Previous
Bullboard Posts
Next >>