RE:Next resultsThink you got somethings wrong there,
Selling off the stores (not closing) will be on the following ER they finished the deal in Jan Q3 ends Dec 31. The leases and rental agreeements would be transfered to the new owners of teh stores. That is why its important to note that they did not close but sold the stores off
Storz and Bio steel should have huge quarters. Historically Storz has it best quarter in Q3 xmas sales and I do not see Bio steel slowing down anytime soon they have made the right steps to advance the company quickly. I see it as a stand alone Billion dollar company at some point in the next 3 years (Billion in revenue) they have not even scratched teh surface of what the pontial is there.
I do agree teh closing of Acerage and adding Wanna to teh finacials will be a game changer. They have close to a billion when you add in the revenue they are making but can not claim. Now they are putting that revenue to work properly and growing the us side naturally.
The next two years will be brutal in the US as the republican party is a disaster, the infighting will allow what ever Democrat to walk in to power in two years and that person may not be the one who should be there.
yp01048 wrote: We need to brace ourselves for the next results. This is when the store closings and all the lease agreements etc were terminated and will show up on financials
I 100% believe they will suck. And the shareprice will take a big dump, unless we have an outstanding quarter for Storz and Bickle and BioSteel. For Q2, BioSteel was up 34%. Even following this same metrics, I doubt it will cover the general decline of cannabis in Canada and the additional monies lost from the closing of the stores.
And the looming Debt. That is coming due in July, and I'm pretty sure we will hear about the plans for that in the next couple of months .
I hope their is positive movement on the Nasdaq listing and the eventual closing of Acreage. We need to consolidate those numbers.
And of course Congress. The only positive person I have heard is Tim Seymour. He had an interview this week, which you can find on Twitter where he said there are very sophisticated talks at the highest level of govt regarding Cannabis and he doesn't expect anything in Q1. We will see.
BTW where is Home?