Post by
OptGreen on Jan 09, 2019 11:54am
Revenue=TSX
Good news with the uplisting to the big board, the better news is it should indicate last quarter revenues are on the higher side....uplisting without the revenue/sales will not sustain higher SP levels.
Sales for the quarter should be much closer to $20mil than $5mil.... "Our Company had a banner year that was headlined by our wholly-owned subsidiary, 7ACRES, generating the sixth highest revenue among Canadian licensed cannabis producers this past quarter. On a revenue basis, the first year of cannabis sales for 7ACRES was one of the best among any Canadian licensed cannabis producer, validating our belief that long-lasting value flows from foundational investments in high-end cannabis cultivation. Looking forward, we are eager to build on these accomplishments and make significant advancements by cementing 7ACRES as a leading premium flower brand, establishing export channels for Medigrow, launching jointly-developed products with Khalifa Kush Enterprises and more in 2019."....assuming "this past quarter." is refering to last quarter of 2018
'Talk is cheap, it costs money to buy whiskey'....sounds like the party is about to get under way for those that own, JMHO....Opt
Comment by
MaxTMaxT on Jan 09, 2019 3:24pm
Yep.....gping to TSX..finally moving into the Big League.....Cheer$$$$$$$$$$$..MaxT
Comment by
HelloMakers on Jan 09, 2019 3:28pm
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Comment by
OptGreen on Jan 09, 2019 8:49pm
She's been a long haul Max... SP going to get a good lift in '19 and I think there will be plenty more to come after that, this story is just FIRE'n up, JMHO....Opt
Comment by
MaxTMaxT on Jan 09, 2019 10:31pm
yep for sure OG. Think we will be seeing monumental gains in the very near future..Cheer$$$$$$$
Comment by
9Fingers on Jan 09, 2019 7:00pm
Thanks for the write up OptGreen. Do you (or anyone reading this) have an idea how long it will be from the current conditional status to actually being uplisted to the TSX?
Comment by
nearnorth101 on Jan 09, 2019 8:24pm
Aurora Cannabis was conditionally approved on July 10, 2017 and their first day of trading on the TSX was July 24th 2017 so hopefully we will be trading on the TSX in a couple weeks!
Comment by
OptGreen on Jan 09, 2019 8:29pm
Not sure where they are in the process 9F but it shouldn't be long, I am sure they will have all their documentation available when required...my guess is it will be around the same time the last quarter report is released. See link below for listing requirements, JMHO....Opt https://tsx.com/listings/listing-with-us/listing-guides/tsx-listing-process