RE:RE:RE:RE:Looks good by me!SKUs down to 53 from 62 last qtr.
ColonelSanders9 wrote: Everett did say they would breakdown revenue projections to indicate how much revenue they would expect from Australia.
Just finished reading the MD&A, nothing earth shattering. Gross Revenue came in over $21M which hits the upper range of what they promised ($19M-$23M) in their guidance last quarter. Revenue guidance would never take into consideration Excise Taxes which creates the gross revenue number of $20M.
Maybe a few concerns for me out of the MD&A:
1) No discussion about entering Quebec but maybe that is redundant because of the Rubicon agreement. But they do mention plans about entering New Brunswick (and I could have missed that from earlier notes - but this seemed new to me).
2) No discussion about entering USA or Mexico
3) Possible need to raise capital for operating activies.
4) Gross margins continue to fall - but i think this will grow again as this is a pivotal quarter.
5) Good things to note, expenditures are reasonable, no big salary lifts over prior year, no writedowns, Toronto expected to start rolling out product this quarter.
I have 25,000 shares and not plannig to sell - as long as we continue to see growth Q over Q we should see our shares incremently go up. I would doubt if the share price drops tomorrow, but wouldn't expect it to pop either, unless something surprising comes out of the call in the morning.