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They are making it. Q2 will tell the story. They had 3 solid months to produce and sell it. According to Untapped, and all the FB pics, this should be on the level of Anheuser Busch. Sense my sarcasm.
Q2 no excuses.
$8k revenue on $1528 spent.
Abysmal and embarrassing.
They are in over 100 locations already. That equates to what? $80 per store. I'm waiting for the Q2, and want to see $50,000 revenues. Still a sorry number but an improvement and something that shows they are growing. Anything less than Q1 numbers and this is a scam.
Why would anyone be surprised that the price is tanking. There's no revenue. And only Untapped testimonials.
Bring back MHBA, that had better numbers.
What a joke. This has been in a steady downward spiral, and it's most likely a combination of lack of interest, and most definitely no trust.
No one is loading the boat but maybe 2 people. Jakob and KGKG had revs of $720,000 on the energy drink side of the market, perhaps pops needs to take some notes.
Does your info show how barrels each brewer is contracted to produce for SIPC? Because this is a mystery to me
This company actually increased their profit percentage. From 2017- Q1 2019.
But nothing to brag about when you only spend $1528 to brew some beer.
Major Hemp BA made $8k profit. Why didn't they just make a 1,000 barrels of that at the time?
My guess. There isn't the kind of interest in it, as they make it out to be.
Like I said, no excuse on Q2 numbers, if this only shows the same revenue as Q1, then they are FOS.. don't care how many pictures of skids of beer, or tapped reviews.
Too da moon? If they make it past my roof top that would be a milestone.
The $1528 was money spent to make the beer. They made $8,000 for revenue. About 30 barrels max for those 3 months.
Judging by all the hype and pictures of skids and skids of beer, and Texas this Texas that, which they still haven't made any beer there yet, Q2 numbers will be for the 4 existing states and whatever sales there were. In my opinion, if they triple production. Like 100 barrels and show $24,000 revenue. That would be a big achievement for them. Sad numbers, but at least going up. Want to surprise the $&^* out of me. Show $50,000 revenues.
FB update still keeping the dream alive.
The latest round of hype by the company, showing skids of beer and cases in stores is part of the may June July numbers. So keep this in mind when the Q2 comes out and it shows pathetic numbers.. there will be zero excuse for that.
Someone who is finally getting it.
They will blame Gov shutdown and approvals for the Hemp beer, yet last year and year before they had more revenue. And also spent a little more on developement.
When you spend $1528 to make $8000 worth of beer, you're not shooting for the stars.
Many of us drink that much in alcohol, alone.
$1528 made $8,000 worth of beer. Subtract cost of revenue and they profited $6,000. All in the Q1.
Stellar??? Come on. All these locations and deals they have and that's all they made for 3 months.
The FB responses conveniently tip toe around the questions asked. I'm sure it's to avoid forward looking or illegal statements.
But they have no problem saying their footprint is expanding, but wont answer if sales are also expanding.
Here's a question.
Which states do you currently sell MHIpa in?
And why are revenues only $8k? We gonna blame the Gov shutdown again?
What's different today, compared to 3 months ago. If Q2 shows pathetic numbers again, not one person here can make any excuse.
Why? Because where its legal and sold already this should be generating more than $8k in sales.
Meanwhile, what are they canning up now?
I think Hemp in beer is just a novelty. I figured they could capitalize on it in the short term, but time is slipping.
CBD.. I rather smoke it than drink it.
I already calculated the profit margin, it's in the Quarterlies, those things that many here seem to ignore. But if I was able to show a 5 to 1 profit margin, AND, I have 3 breweries at hand with potential capacity of 10,000 barrels, and all the distribution pr'd, then the only obstacle should be, how much money you throw into the product, and putting your money where your mouth is. If it's that popular, then these last couple months should show stellar numbers, that is, if you put significant money Into production.
All the focus is on MH beer, what about their other products, or is that a thing of the past.
All their eggs seem to be in one basket, banking on CBD approval, but no backup contingency for generating income.
The person who runs the FB must be avoiding my good honest questions. 30 years of this and it still never gets old.
The profit margin is great. But when you don't spend money, you don't make money.
$1528 spent. $8 k revs for $6k profit first quarter.
On course for $25k profit.
2018, $16k profit on the year.
Profit margin is know. So for every $1k spent they make $5k profit. Should be easy for Ted. No excuses.
When I asked about production, the response was, that regular runs every 30 days will be the goal.
Now I'm trying to figure out, between the 3 breweries, how much of their capcity is allocated for SIPC.
10,000 barrels doesnt mean it's all for SIPC.
Also, Ted should do an update every 2 or 3 weeks on the current production runs for Apr-June, since that apparently or supposedly where the majority of new sales is happening.
2018 saw almost double the Q1 revenue as 2019.
What different with SIPC in 2018 that 2019 couldn't overcome.
And dont say government shutdown. Because they had a product in 2018 and 2017 with revenues that exceed current 2019 numbers. And I'm sure grow lights wasnt their bread and butter.
Dear God, please stop Ted from releasing any more good news. It's not working.
Its 338,690,000 the extra 2 million you see on that 340 million is the 1.7 million and 500,000 Ted and company paid themselves in restricted shares. Yes eventually that will come to terms and be added to the tally.
The 338,700,000 share count still stands as of May2019, if that number changes in the Q2 report, then it's obvious all the news of distribution and new breweries was a prime for a share selling mission, look at price action currently. Opens up. Then trades down all day. They better not pull this crap.
Are people seriously having a hard time finding the Q1 report?
This is scary, after 30 years of this stuff I can find the color of people's eyes, and the names of their kids who aren't even born yet.
One thing for absolutely certainty, with this last couple months push and all these distribution sites and Burr, church St and Nine Band breweries. If they don't show 300 barrels sold, and that's like literally a drop in a bucket, then this company is all hype
And no action. 300 barrels for Q2. That's 3 months of sales. Or about $53,000 in revenues. I'm being super conservative in my expectations just to give them the benefit of the doubt. Can they do it?
Let me help with that question. How much does $1528 get you.
That's the cost of their revenue. They generated $8k + on that $1528 spent.
A keg of beer loosely based on 31 gallon barrel sells for $150-$175.
It's not a lot.
I wouldn't call it a scam. They are making the product, just not anywhere near the capacity that it's being hyped up as. All these breweries and new distribution sites amd news articles make it sound like they are brewing thousands of barrels. They are not.
I can bet you, they have not exceeded 1,000 barrels in the past 3 years,total based on revenues from 2017 and 2018
Not a mistake, go to latest filing, page 9.
Cost of revenues $1528
They made $8k worth of product.
I calculated the average cost of a barrel of beer, also the amount and it's on par with with the numbers. 10-15 barrels. Ted says the Gov shutdown halted everything. Wouldn't confirm my findings.
The Q2 should show 300 barrels production. That's my guess. I'll soon find out
My guess was Four Corners. But who cares, spend some money Ted, and make some beer.
The paint is dry now, what next? I just made some wine, maybe I'll infuse it with some CBD and go on a marketing spree, issue a billion shares and see how the market reacts. Go SIPC.
Board is slow today, everyone must be hungover from drinking all that Major Hemp.
From the company or from people here?
30 bbls @31gals per barrel
X 10 months.
Is 9300 gals per yr.
Or 1.1m ounces
Or 75,000 cans@$4 a can or almost $300k a yr if what they say is true on doing runs every month. This is just Church St location.
Not that hard with all those distribution sites right?
I'm optimistic for Q2, I'm putting out there. Based on what they claim for capacity of church st alone. They should be producing minimum 300 barrels from that location. With all the added distribution sites, should be no problem filling the demand. $45,000 revs Q2. If they are serious.
Those runs are for 2017-2018 and amount to $52,000 worth of revenue which judging by the 2018 Q1 of $13k seems about right.
So they were more successful with MHBA what happened end of 2018 going Into 2019?
They abandon MHBA for MHIPA and get boned by TTA delay and lose all this potential revenue?
Fact is, $1528 was spent first quarter on a product they couldnt even distribute. Where are the coffee revenues??
Just show me where the revenue from the coffee aspect is.
They didnt need TTB approval for the coffee, that product alone should have generated revenue. Where is it?
Any coffee sales figured into those weak revenues?
Forget about the less than 30 barrel production run?
That's crazy. Why did this company have 4x the revenue the 2 years prior?
Where MH can be sold, it was lackluster. $1528 invested. That cant be ignored. Next quarter provided approvals go through should be what they suggest. 30 barrels every month or 2. Or $150,000 revs from Church St alone
Also going into Q2 is the statement made saying the Church ST capacity of 30barrels per 60-75 days will probably end up being 30 every month or so. So if they have all these potential sales locations and distribution potential, there should be zero excuse for producing 30x8-12 months from church st alone.
Or about 300 barrels of MH. Not even counting burr oak. So I'll do the math on that and let's compare.
That's what I saw, run two or batch two was end of Jan according to pr, and that was probably only 10 or so barrels based on the 10Q and $1528 operating cost.
I've been saying all along there was no way they were producting 100's of barrels.