Why are Canapy vapes about to be sold at approx 3000 Circle Ks, yet FaF aren't selling their own products yet?
S
Unless i'm wrong, they mentioned Q4 for the Nasdaq uplisting ?
S
nice dip this am had to load up some more
S
If their 2 stores in Circle K are a tremendous succes and ACT decide to open the valv with those 500-600 sq feet stores. What will happen with this stock ?
B
Fire & Flower US/B Cubed Cannabis is an official sponsor of the Business of Cannabis: New York summit on September 29.
I’m debating on jumping in before the uplisting. I think there is a great future here.
j
just bought 40000 shares. ready for take off after earnngs tomorrow!
M
I’m looking at net income from the quarter on yahoo finance. I recall Trevor mentioning EBITDA for the quarter was just over 3 million im seeing net income for the quarter at 19.5 million on yahoo finance though. Am I missing something? Or did yahoo finance screw up? Shouldn’t EBITDA be larger than eps net income?
D
Yikes. Despite opening 7 new stores for a total of 91 Fire and Flower's revenue per store dropped and their total revenue decreased from last quarter. Here is their explanation from the press release:
Same-store sales decreased 14% for forty-eight (48) stores in operation during the comparable period in Q2 2021 due to a surge in newly licensed retail cannabis stores in Ontario, from 665 at May 1, 2021 to 981 at July 31, 2021.
Not unexpected but still disappointing. Need U.S. legalization stat.
R
Happy Friday!!
P
Financial Highlights for the Second Quarter period ended July 31, 2021
Total revenue of $43.3 million compared to revenue of $28.6 million for the second quarter of 2020, an increase of 51.4% Total gross profit $16.2 million, or 37.3% of revenue, compared to total gross profit of $10.0 million, or 34.8% of revenues in the second quarter of 2020 Fifth consecutive quarter of positive Adjusted EBITDA of $3.1 million compared to positive Adjusted EBITDA of $1.1 million for the second quarter of 2020, representing an increase of 176% year over year
d
anybody else see this....
Canopy Growth to offer CBD vapes for sale in Circle K stores Canadian cannabis producer Canopy Growth Corp. is entering the CBD vape market and will distribute the products exclusively at Circle K locations in the U.S.
The deal places Canopy’s new Whisl line of CBD vapes at more than 3,000 locations across the United States beginning Oct. 1.
R
Bring on a good report!!!
M
I listened to Trevor's conference at 12:30. I will come back with more comments but just wanted to share this : "Our goal is to become one of the Top-3 global player", and mentionned of course that the relationship with Couche-Tard was the way to achieve this. It's the first time I hear Trevor mention this "top-3". Love big ambitions !
F
what would it takes for this stock to go up....
S
I'm long and bullish on FAF. I was hoping that they would highlight the couchetard stores. Guess they didn't have much to say yet 🤷🏻‍♂️
C
My post was deleted again ! HITI release Q3 results nothing solid compare to FAF ! FAF is suppose to reach upper level s/p ! Just equal the market cap of HITI, FAF worth 1,41$ !!!
Still convince this stock is manipulated, at least it worth 1,25$ with all the potential ahead !
May be ATD.B want to make a public offering at 1,25$ instead of pay future warrants at 1,87$ in 2022 !!! Think about it !
Please do your DD, it's your money !
S
This is pretty much at 1x 2022 revenues. Insane.
M
Well, I have no idea what awaits me but I lowered my average price! Go FAF!
T
So, the earnings have produced a market yawn. Not hot, not cold, within expectations. As we all know, US expansion is the key to the future.
https://prohibitionpartners.com/2021/09/13/fire-flower-us-b-cubed-announced-as-sponsor-of-business-of-cannabis-new-york/
Same-store sales decreased 14% for forty-eight (48) stores in operation during the comparable period in Q2 2021 due to a surge in newly licensed retail cannabis stores in Ontario, from 665 at May 1, 2021 to 981 at July 31, 2021.
Not unexpected but still disappointing. Need U.S. legalization stat.
Total revenue of $43.3 million compared to revenue of $28.6 million for the second quarter of 2020, an increase of 51.4%
Total gross profit $16.2 million, or 37.3% of revenue, compared to total gross profit of $10.0 million, or 34.8% of revenues in the second quarter of 2020
Fifth consecutive quarter of positive Adjusted EBITDA of $3.1 million compared to positive Adjusted EBITDA of $1.1 million for the second quarter of 2020, representing an increase of 176% year over year
Canopy Growth to offer CBD vapes for sale in Circle K stores
Canadian cannabis producer Canopy Growth Corp. is entering the CBD vape market and will distribute the products exclusively at Circle K locations in the U.S.
The deal places Canopy’s new Whisl line of CBD vapes at more than 3,000 locations across the United States beginning Oct. 1.
FAF is suppose to reach upper level s/p ! Just equal the market cap of HITI, FAF worth 1,41$ !!!
Still convince this stock is manipulated, at least it worth 1,25$ with all the potential ahead !
May be ATD.B want to make a public offering at 1,25$ instead of pay future warrants at 1,87$ in 2022 !!!
Think about it !
Please do your DD, it's your money !
Go FAF!