Post by
PortlandBlazer on Aug 25, 2021 10:28pm
earnings
Just thinking on 420chronic420's post about being cut off from Chalice products supply for his store.
If a large customer is being cut off from Chalice supply, either the customer was a bad credit (unlikely) or Chalice is crushing it in their own stores. The store count is now 12, I think, up from 7 in the first quarter. Their same store sales growth has been running +40% per year.
IF same store sales are up 40%, AND acquisition of Homegrown added e.g. 5 new stores half way through the second quarter which I could guess as the same revenue as 2.5 stores for the whole quarter which on a base of 7 stores would be an additional 36% growth, AND they're cutting off big customers to sell the product in their own stores suggesting margin expansion (Chalice will capture the producer margins and the retail margins), THEN tomorrow's earnings release could be eye-popping.
Is it a coincidence the stock is up 32% in the past two weeks?
Comment by
420Chronic420 on Aug 25, 2021 11:43pm
Don't give them to much encouragement the numbers will speak for themselves and at somepoint people will start to notice again. I do rather agree with you and hope for the benifit of the shareholder they continue on the path to being able to grow and grow while being smart doing it.