from bb back in September!For those who missed Rosen at the Virtual Cannabis Investor Conference, as awlays, he presented well. Honest, clear communication. Highlights for me:
(1) priority is maximizing potential in NV;
(2) no plans to become MSO but considering entering other States;
(3) Rosen holds 8% of total shares;
(4) repeated that he does not release 'fluff' news; typically communicates to shareholders only every quarter;
(5) said that NV sales included +70% flower, which is excellent for tgif product mix; contrasted with many other states/Canada, where edibiles make up near 50% market share;
(6) Gummies/edibles may be produced in future
(7) talked up facility expansion, benefits to top line growth
My takeaway: though share price is stuck, it's holding (i.e., compare with Trulieve, continued downward, lost +50% in past 6 months; Green Thumb, down 20% in past month; Curaleaf down +30% past 6 months). Sp won't move until future financials released NOV30 What I didn't know is that, prior to tgif, Rosen was CEO of Tidal Royalty which was swallowed in a merger. Tidal and Cronos show that Rosen knows what it takes to build, and to sell when the time is right. Patience will be rewarded.