Q3 Announced - $4.5M +Q3 (Feb-April) comes in at $4.5M minimum but most likely much more! Here is why: Nevada marijuana sales hit $97M (USD) in March with many dispensaries (including Planet 13) reporting explosive sales for March and April (Planet 13’s Q1 y/y revenue growth was 40%+). Nevada marijuana sales are up over 110% from March of 2020 and up over 40% from pre-pandemic March of 19.
1933’s 2019 Q3 was 4.6M and pandemic Q3 of 2.6M for 2020. Both of those Q’s were done without the 100’s of pounds of premium flower coming out of that new facility every month like we have now. Remember, January of 21 (the last month of Q2) 1933 did $1.4M in sales & open orders. Considering P13’s 40% increase y/y, NV sales revenue 110%+ y/y, the last month of Q2 at $1.4M, and the hundreds of pounds of flower being sold monthly that we didn’t before, we are in for a ride to the moon!
If sales momentum carried over from January then Feb was also $1.4M, March and April were as explosive for them as the rest of NV ($1.6M and $1.8M respectfully), we should be sitting at $4.8M. If 1933 experienced the same 40% growth from March of 19 that the rest of the industry experienced to today , we should be sitting at $6.4M for Q3. If we experienced the same 110% growth as the whole state of Nevada saw this last year we should be at $5.7M for Q3. If 1933 experienced the same 40% growth y/y that P13 did we should be at $3.7M + at the very least an additional $250K a month in flower sales (bare min) we didn’t have last year putting us at $4.5M. $4.5M is the floor this week with expectations as high as $6.4M. Anything below $4M would be a catastrophic failure. This week we will all get to witness the god all mighty work of Paul Rosen. Strap in M F ers, we all about to get that paper!