Bilderberg wrote: Hello I know I'm new here, I’ve been purchasing TGIF shares since last summer and of course a Rosen fan also and have read mostly everything on the Company at this point and I think Dash And Stockman are quite close on their predictions.
If I may, I think there are a few factors that currently make it difficult to predict Q2 numbers
-we know they added multiple craft strains sold by the gram or more now and also prerolls in August 2020 and since then the price for these items in Nevada has increased by as much as 25% due to high demand and a limited licensing regime in the state.
-at the start of Q2 the Company was still in the process of scaling up production of saleable cannabis flower from its brand new state of the art cultivation facility, while continuing to improve the Company’s plant genetics and cultivation quality and consistency.
-unfortunately to take full advantage of the current market conditions and the attractive price for premium flower and prerolls in NV during Q2 we would have had to be at full production output capacity of saleable product at the start of the quarter which we were not, and pending that they met their goal for "full production output" without complications by this month we may see the results of this achievement by Q4.
-we now own 100% of AMA as of the start of this quarter (Nov 4th) witch adds another 9% more of AMA's Record sales to the books
-The Company also continued efforts to build both online and retail distribution of its Canna HempTM branded products. Management expects that the benefits of these operational efficiencies and expanded sales networks will result in substantial improvements that will be realized in fiscal 2021. (New improved website...https://cannahemp.com/)
Ongoing restructuring plan to improve and streamline operations across all departments which we've already seen drastic operational improvements since Q4 2020
-Five Star Extracts and Orchid Ventures Inc. joined the company’s select roster of licensed partners in Nevada just before Q2
Even after restructuring, cutbacks and the hold on the hemp processing facility expenses alone were still just over 3.5 mil
November and December predictions may be slightly high but I still agree that we can hit the 3+ mil mark or very close to it though a minor loss still seems imminent with Profitability Q4 or possibly starting next month pending production output
Still this is TGIF’s year I’m sure, so take advantage of the sale prices now if you can/while you can!
stockman41 wrote: My guess for Q2 Revenue is $3.5m N-$1m D-$1.2 J-$1.3, But the most exciting thing we all have to watch is the profit because they said November was profitable and their sales just kept increasing and they were always selling out so I'm guessing Dec and Jan were profitable too.
I will be shocked if they lost money this Q2. If they declare a profit we might just see this stock price jump alittle more into the 20 cent range.
JMO,
Stockman41