Heritage Cannabis Holdings Corp HERTF

RE:RE:RE:RE:Not much happening

[inviolablspirit]

bober2 wrote: Inviolabispirit, if Heritage is pulling in $40 million in gross revenue for the year then $5.6 million in net income is too low.  Like you said they have to clean up their balance sheet streamline their business and reduce their oprating expenses.  The share buy back is something they should consider and reduce their long-term debt to increase shareholder value and create interest for institutions to get involved.

$5.6 million is their current net income 6 months ending as of April 30.  So the potential to add another $10 million or more is there by the end of their financial year.  The $40 million was a predicted revenue runrate for the year.  

There's no doubt that a clean balance sheet will certainly increase the attractiveness of this company for institutions.  With profitability, Heritage should now be able to start moving long-term debt off their books.   I think as long as the institutions can see growing revenue that is becoming both predictable and consistant then they become more comfortable in Heritage paying down their debt and therefore more comfortable in Heritage as an investment.   And if the price is going to remain at these lower levels than why not begin a share buyback for 10% of the stock or at the very least for 5% of the stock.    Create some shareholder value, that is if the revenue is there to do that.