RE:RE:RE:RE:RE:RE:RE:RE:Conference call Mostly cleanup in this one joh not much to see yet, should be much more coming in FQ1/21 but the main thing is that Beena now has a very good picture of the under belly of this company and she is as bullish on the furture now as she was before...but better because she can see first hand it is not only doable but maybe better than what was first thought.
We will be getting the straight goods here going forward and out of her maiden report we have come a long ways and there will more to come but it won't be the main theme from here on...it will be mostly growth and increasing market share Q over Q, along with more high quality FIRE menu worthy offerings along the way.
“Fiscal 2020 was an important transitional year for Supreme Cannabis where we streamlined our operations, reorganized our team, and expanded our portfolio of brands and products that will drive sustainable revenue growth,” said Beena Goldenberg, President and CEO. “Looking into 2021, we will continue to focus on efficiency throughout the organization. As we make progress towards our goal of becoming a premium cannabis CPG company, we look forward to continued strong engagement from cannabis consumers, growing our brand visibility and market presence, and accelerated revenue growth.” Outlook
The Company continues to remain confident in its ability to grow near-term revenue and reach profitability based on its accelerated transition to a premium Cannabis CPG company, its improved operating structure and its enhanced offering of new high-quality brands. - The Company has a robust and growing product line that addresses consumers’ needs at a variety of price points and form factors.
- The Company has efficient and effective coast-to-coast sales coverage with the humble+fume sales partnership.
- The Company has substantially completed the right-sizing of its operating structure with the right teams in place to produce a differentiated product line in-house efficiently.
- Supreme Cannabis remains focused on cost containment and is fully-funded to execute on all planned initiatives.
While we were pretty close on the sales for the quarter, albeit on the low side, and would have been much nicer to see $40mil, this report is a solid start to where we want to go....I mean all we are going to get from here is increased sales and ever sweeter net margins. This is a very good going to be very good for those that own, especially the longs....dig those shades out. JMHO...Opt
johnale wrote: Ya I hear you -
I did listen again to that second question - at 27 min - she didn't quite commit to any number, and or language was vague - just that they were continuing to gain 'traction'. So im just going to say its 'unknown'.
Ill give you a second perspective as per growth - with some numbers.
Q4 showed canadian rec total of 619.1mil for april/may/June.
supreme had 7.25mil rec - assume average .65% mark-up and add back 1mil in tax (just in case she referenced market share including the tax) (8.25/375.2 (adj for markup))
you get 2.2% overall market share for the quarter - in Q4.
we jumped to 3% market share in July - which is a 36.36% jump on a market which grew 12+%. (potentially)
If you work out the numbers on a gross basis - works out to 50++% growth in rec.
Thats assuming market share stayed flat through july/aug/sept.
Humble and Fume was continuing to ramp up distribution to new stores and product points.
the data is that they created 1290 new listings (in new and exisiting stores) and added 242 new stores by the end of June which culminated in that nice JULY increase.
She didn't have updated data - only new thing is 54 new stores in July and August with Unknown new product listings.
Given they listed 1290 products when they couldn't even go in store until June - it should be interesting how much more they listed in Q1
StayInvested wrote:
She didn't refer to 30% as a number, she referenced the June/20 quarter as a comparable for this current quarter in terms of recreational growth. Minute 37ish I think. It was a question posed by the second analyst I believe.
My estimates are Net Revenue, not gross for future reference. This is in response to Opt. I see that SI, thanks.
I'm typically very conservative.