Wildflower Brands Inc WLDFF

RE:RE:Conference Call?

[PabloChoss]

A little bit of info from the call. FYI this is not exact quotes but a quick summerization.

- The hold up for reporting is from the company doing their year end financials being audited. Apparently Cannabis companies are a red flag and this is dragging out this process. Sounds like we will see numbers by the end of the month.

- It was confirmed that their sales did lag at the beginning of COVID on CITY side and Wild Flower has been struggling with sales in UK. However, when 20 Million in annual sales was mentioned they said that was an extremely modest estimation. CITY does seem to be the cash generator for the foreseeable future but high expectations on Wild Flower in Canada and Hong Kong.

- Toronto is being inspected for their initial Security clearance and the following inspection will be their opening. No exact time line. Cannot confirm it would be open for the Holiday season. Barrie is being aimed to be open for this summer which should be strong compared to their winter season which is anticipated to be slower. Robson is bringing in 20k a day which should be 40% higher once Covid is over. Toronto is expected to be the best cannabis retail revenue generator in Ontario. 

- They are open to and actively investigating other opportunities in Ontario but feel like once Toronto is opened retail space owners will approach them.

Everything actually seems good and business as usual. Very honest and open conversation. I feel very optimistic still!