RE:RE:RE:RE:RE:RE:RE:The Score: Carl once said that Irwin's skillset is buying business's and increasing it's revenue and earnings substantially within a relatively short period of time. That is his specialty. I have also noticed that IS has taken on a real passion for what he is building here versus the vibe I had when he first took over from Vic. Having that passion, that fire within is important. I have been here a long time and feel very comfortable with IS getting this empire built, and built properly. In the beginning he cut assets that didn't make sense and now he is in "build it" mode. I say LFG!
Sweetwater fits in perfectly with the 420 branding. Marketing our brands through these "collaboration" drinks ahead of federal legalization is gold. Marketing cost of $0 with revenue's and profits flowing in is plainly intelligent. The expansion into Colorado is also perfect having the Sweetwater West Coast presence while also reducing shipping costs for the West Coast market.
Something of interest I came across. Red Truck Beer Company had applied to the city for a beer garden expansion to take over their existing parking lot and also an additional 14 fermentor tanks. What hit me was that was just in the 2nd week of June, like a month ago. I found that timing interesting as I would have thought sweetwater taking over that facility would have been hammered out a longer period of time ago.
Red Truck Beer Company proposes expanded beer garden at Fort Collins brewery
https://www.coloradoan.com/story/life/food-drink/2021/06/15/fort-collins-breweries-red-truck-proposes-new-beer-garden/7546033002/ cheers
momo
skyplt wrote: Hi hevin, I trust you are well.
Irwin Simon is aggressive. I like that in a CEO. This time last year nobody was expecting a SweetWater, most of us were hoping alcohol would buy in to APHA, not the other way around. Look at the branding. What a way to get recognition while the USA meanders around legalization. Serving beer on Delta Airlines? That is huge. Did you know Coke provides all the pop in DisneyWorld for free. Why? Because they know being paired with an iconic brand makes their brand stronger. In the short term Tilray looks like it may have been a stretch, but we are not even one quarter (or inning) into this. I've had the distinct privilege of talking directly with both Irwin Simon and Carl Merton. They are anything but simple. Those two gentlemen are playing for keeps and I like that Mr. Simon has a big ego...just like Bezos, Gates, and Jobs. It takes a big ego to believe you can pull it off. I think he will so I remain a shareholder. They are the only reason I have not exited this sector completely (my dividend stocks are doing very well thank you very much). It has been a miserable five months for this sector (not just our company) Tilray is my growth play. Even if I did sell at 22CDN next week, that is 10% gain which is better than any dividend stock I have. I am keeping a close eye on Tilray (and the sector in general) this week, we are less than 5 trading days from the Q Report.
Lastly, and this is something to consider; I live in a relatively small town (about a half hour out side of a major city). We have one bank (Royal), two gas stations, two general stores (one is a LCBO outlet). The Rexall pharmacy just closed down and I see that a Cannabis store is going in. That's significant. This time two years ago we were at less than 100 stores, now we are getting into small villages. Market is still opening up.
hevin wrote: Skypilot: also expect a run up of some kind before earnings as that has been the pattern for years. That being said I'm not really bullish on this coming quarter in that Simon mentioned the last quarter was quite affected by the pandemic and the limitations on customer shopping. If I'm not mistaken the opening up in Canada began around the end of this quarter, about 6 weeks ago. Although I'm betting we won't see much difference in numbers from the last quarter, going forward after this coming quarter methinks all cylinders will be firing while at the same time substantial merger cost cutting will be done, as was promised. So the big excitement will be in about 3 months time. However, as you mentioned there could be some little surprises and we indeed know that Simon's hair continues to grow and we all know what that means LOL. Glta longs, the rest can eff off.