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Bullboard - Stock Discussion Forum Speakeasy Cannabis Club Ltd SPBBF

Speakeasy Cannabis Club Ltd is a producer of cannabis in Canada. It operates in a single segment that is the cultivation and sale of cannabis biomass.

GREY:SPBBF - Post Discussion

Speakeasy Cannabis Club Ltd > Sales contracts?
View:
Post by gmarx6562 on Aug 25, 2020 12:17pm

Sales contracts?

So do we have any sales contracts or commitments for the largest cannabis harvest in Canadian history?  Just wondering if any of the harvest is pre-sold or if we will just spend $ growing, harvesting, and storing the crop and then figure out if we can sell it?
Comment by freelance20 on Aug 25, 2020 4:51pm
https://youtu.be/MTzRkd-c_08 Starts at 2:18
Comment by gmarx6562 on Aug 27, 2020 2:48pm
if there is so much pent up demand both in Canada and Internationally why would you not sell at least a portion of your expected crop or lock-in a portion via sales contracts to virtually guarantee cash flow to cover operating costs?  something doesn't make sense to me here.  either he is misinformed or just not savvy enough.  
Comment by StockhouseInsider on Aug 27, 2020 4:06pm
I would be more comfortable with some pre-sale, hedging. But if there is so much pent up demand for high quality then investors would criticize them for playing it safe. Double edged sword but personally I think its smart and good business to hedge. The last news release said this will be "one of" the largest, not the absolute largest - 80,000 kg is a lot https://speakeasygrowers ...more  
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