RE:RE:RE:I'm wonderingI have 0 debt, but I still need money to keep my lights on, pay for groceries..etc. Funny how you always bring up hexo. Hexo and tny aren't in the same league. Hexo has 40 million in sales, of course they have loss' as any growing business has. Amazon was 10 years in the red, Tesla 18 years before coming around. Tny will be long gone by then. With 350k in sales after 6 years is a joke. Either bankrupt or bought out for pennies on the dollar.
sneakysneaky wrote: Tinley doesn't need to do a reverse stock split, that's garbage talk & you displaying jealousy, I remember you said Hexo would EAT Tinley's lunch in California years ago, in reality, Tinley's entering Canada before Hexo enters Cali, and Tinley's beverages will EAT Hexo's breakfast, lunch, and dinner!!
Did I mention Hexo did a reverse stock split & are on the verge of doing another after wasting Billions in shareholders $$$ due to write-downs because of overpaying for assets, meanwhile, their CEO sold near ATH's and was rewarded a nice juicy parting gift, as opposed to Tinley's management buying shares recently? Tinley has a modest share count compared to beverage company peers whether cannabis-related or not.
MNST 528M shares, which is hella sexy!!
HEXO 271M shares after doing a reverse stock split!
Speaking of Hexo, their recent earnings provided valuable insight into what is working within their company & what isn't, and clearly, cannabis beverages are a main focus & one of the primary highlights of financials.
"Hexo Corp.'s auditor raised serious concerns about the company's future as it reported a $67.9 million net loss in its latest quarter."
In one-quarter, Hexo wasted more money than Tinley in 5+ years and all of the mining companies beforehand, lolzzzz!!
- Cannabis beverage net revenues increased 70% quarter-over-quarter and 161% from fiscal 2020.
Compared to Tinley's recent YoY growth of 1000% & 100% QoQ revenue growth which the majority of earnings were derived from Beckett's, add co-packers from all beverage production lines and Tinley's cannabis beverages in Canada & Tinley will be profitable way before Hexo & peers.
Beckett's store count dwarfs Tinley's cannabis brands store count, and to be fair the products are very possibly in more locations than all their co-packers "cannabis beverages" combined, 150+ BevMo! alone, not to mention any other states or provinces of Canada.
I wouldn't be surprised if Tinley goes all the way down to 6c, back to where I originally bought in 2016, that's one thing we can agree on, I don't imagine the sp will stay there longer than one 1-month to 1-year before the company is purchased for a premium to Richard's 33c cost average.
If Richard likes Tinley at 15c then he should love it at 6c, maybe he'll buy more and so will PEP, K.O, MNST, or another mainstream beverage brand by the time it actually occurs.