Conference call Some key highlights:
- They said they were 3% market share in July in Ontario, BC and Alberta (if I heard that right). I think those three provinces are around $150m in sales/month so for a quarter that would be $13.5m in sales from those three provinces.
- not surprisingly based on the above they also said that rec sales will grow sequentially from Q4 to Q1.
- incremental cash gross margin was 66% (if I heard that right). A significant amount of new sales should drop to the EBITDA line.
- they also expressed confidence in being able to hurdle the EBITDA minimums set in the credit agreement which is encouraging. The threshold for Dec'21 is $2m for example.