Heritage Cannabis Holdings Corp HERTF

Not much happening

[inviolablspirit]

Odd trading going on with this stock.  Great financials and very little volume.  One of the only profitable cannabis stocks in the market.  The stock seems to be getting capped in that 4.5 to 5 cent range.  Hard to think that stocks like Aurora will continue to exist, as stocks like Heritage only gets stronger and stronger with each quarter.  At some point, I think Heritage can become a dominant company in the cannabis sector.  They have no need to acquire other companies, as they already have the pieces in place, but other companies will have a need to acquire them in order to survive, but they won't be able to afford Heritage, unless it gets acquire around the current price.  But there's no way the current management would sell the company at this point in its growth and at this incredibly low price.  I can also see companies wanting to merge or become a major partner with Heritage.   I think I recall Clint saying in the past, this is a marathon not a sprint.  Clint did what he said he was going to do and he has built a great company.  He brought in the right people to lead, grow and expand the company.

[bober2]

Inviolablspirit, it's too bad Clint bought so many of these companies with shares.  The shares out are just below 900,000000.  If it the gross revenue is only 10 million dollars we're going to have see gross revenue in the 30 to 50 million range that's going take some doing.  Since the shares are so low he should try to buy back 100,000,000 shares over the next three

[inviolablspirit]

According to their financials the company is already pulling in a gross revenue of $10 million per quarter for an annual runrate of $40 million for the year.  The company has made a little over $20 million in gross revenue for the first 6 months ending April 30.  They have a net revenue of just over $14 million and a net income of $5.6 million.  If the company does an NCIB (share

[bober2]

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

[inviolablspirit]

$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

[bober2]

Inviolabispirit, you're talking about $10 million by the end of their finacial year which will be when.  So net income will be $15.6 million.  You address share buy, cutting their operating expenses and getting their balance sheet in order but you never once talk about the number of shares outstanding.  Is that something to worry about in the future.

[inviolablspirit]

I believe Heritage's financial year ends in October.   The NCIB (i.e. share buyback) does start to address the number of outstanding shares.  At this low share price it may be worth knocking off a few of those shares.  Without insider information on the current sales I couldn't tell you if that looks like a good plan at this time. I don't know what their projected sales

[bober2]

Inviolabisspirit, In order for Heritage to do a share buy back they would have to be more profitable then they are now.  I've been involved in alot of RS with different companies on the venture exchange not one has ever worked out.  As a matter of fact once these companies starting doing RS they continue doing them until the companies either delist or become ghost stocks on the