RE:RE:RE:RE:RE:Short Sellers BEWARE holding my shares... HERE’S WHY I personally believe Beena is still strengthning the fundamentals, and adding value to this company. The below information is enough for me to believe this company is establishing itself within the industry, and should gain traction in 2021. We now know the company can deliver, everyone has a tolerance level and as any investments even with diligent DD the future is unknown but since Beena I feel more confident in their success moving forward.
I believe this is a comment made by IR to Johnale: They will be putting out some pump pieces out into the market next two weeks to keep these earnings fresh in everyone's mind.
The following are excerpts from the conference call:
-Central to this transformation are two strategic imperatives – accelerating revenues, particularly in the recreational market, and optimizing the business, including exercise good cost control.
-With our realignment and restructuring of our business complete, more of our sales growth and operating efficiencies are being reflected in the bottom line.
-There were a number of factors that contributed to this. A strengthening of our internal fulfillment processes which allows us to better match supply and demand, increased distribution gains achieved through our sales partnership with humble+fume and strong performance from our brands as we continue to gain traction and market share with cannabis consumers.
-According to Headset data for Q2, Supreme Cannabis is a top 10 LP with a 3% market share. In the flower segment, 7ACRES moved up from ninth to seventh overall rank to maintain the highest retail price per gram of the top 10 LPs, demonstrating that consumers recognize and are willing to pay for the quality of the offering. In the pre-roll segment, 7ACRES moved into fifth position overall, with a 3.7% market share, up from 12th rank and 2.4% share a quarter ago.
-We also gained significant market share during Q2 in 2.0 products as Supreme concentrates moved from the number six spot to number three with a 9% share, up from 4.4% last quarter, while we became the number one PAX vape in Canada.
-Since they began tracking new listings in April, humble+fume has created more than 7,300 new listings for Supreme Cannabis products. In Q2 2021, they added 3,446 new listings and 246 new retailers started carrying Supreme Cannabis products, both increases over the gains we made last quarter. Overall, we shipped to all 10 provinces in Q2 with Quebec, BC, Alberta and Ontario, making up the majority of our sales.
-We had some challenges on order fulfillment early in Q1. We've addressed those and feel good confident with our newly built processes that we can ensure that we deliver to the service levels expectation and continue to have products in stock and available for consumers as they want them.
-So, I do think you're going to get this evolution of the market where you're going to have a premium segment. And we feel really comfortable with our 7ACRES brands in that segment, as well as topping it off with our Craft Collective. So, continuing to upscale. And we feel good about that.
-At this point, our focus really has been and will continue to be in building out our business in the Canadian market, as we do not currently have any optionality in the US. We do have some business internationally, as we've talked about Israel and Australia. And we'll continue to look at places where we could build opportunistically in a more capital-light way in international markets. But our focus at this point is really in the domestic market, establishing our brands, and really building out.
The below expected production is still on their site:
Kincardine facility:
Expected packaging 48,000 containers per day
Expected cultivation
50,000 KG annually
Langley facility:
Oil Bottling ~ 1,000,000 bottles per year.
Vape Cartridges ~ 1,500,000 carts per year.
IMHO