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Thanks! +24% now. $OPGN
$OPGN +18%
OPGN$$
$OPGN Float only 800k post split. PR’s coming. Will be explosive.
No update yet per IR.
Yea basically, goes back to the Citron short nonsense last year. Means nothing going forward. Company addressed it. Link:
https://www.globenewswire.com/news-release/2018/08/28/1557615/0/en/CV-Sciences-Inc-Responds-to-Class-Action-Lawsuit.html
Getting recognized for what it is. Very nice and with a crappy Friday market.
Haha it’s a good piece. So undervalued.
I think both. Can’t wait for a million share day.
GrowGeneration Reports Record Q2 2019 Revenues and Net Income
GrowGeneration Corp 2019 Q2 Earnings (CNW Group/GrowGeneration)
NEWS PROVIDED BY
GrowGeneration
Aug 08, 2019, 08:00 ET
DENVER, CO, Aug. 8, 2019 /PRNewswire/ - GrowGeneration Corp. (OTCQX: GRWG), ("GrowGen" or the "Company") the largest chain of specialty hydroponic and organic garden centers, with currently 23 locations, today reported financial results for its quarter ended June 30, 2019.
Q2 2019 Financial Highlights:
Net income of $1,062,000 for Q2 2019 compared to a net loss of $(929,959) for Q2 2018, an increase of $2.0 million.
Adjusted EBITDA of $1,779,310 for Q2 2019 compared to adjusted EBITDA of $(205,758) for Q2 2018, an increase of $2.0 million.
GAAP earnings of $.04 per share for Q2 2019 and $.04 per share year to date, basic.
NON-GAAP adjusted earnings per share of $.06 per share for Q2 2019 and $.08 per share year to date, basic.
Revenue of $19.5 million up $12.3 million or 172% over Q2 2018 revenues of $7.1 million.
Same store sales were up 23% for Q2 2019 versus Q2 2018.
Gross profit margin percentage was 29.9% for Q2 2019 compared to 24.2% for Q2 2018.
Store operating costs, as a percentage of revenue, have declined to 14% for Q2 2019 compared to 16.1% for Q2 2018.
Corporate overhead, as a percentage of revenue declined to 9.8%, for Q2 2019 compared to 16.8% of revenue for Q2 2018.
Completed a $12.8 million financing. All of the Company's strategic institutional investors participated in the offering, including lead investor Gotham Green Partners, Merida Capital Partners and Navy Capital. In addition to the Company's 3 strategic investors, JW Asset Fund, L.L.C. participated.
The Company had $17.9 million in cash and cash equivalents at June 30, 2019.
As of June 30, 2019, the Company had working capital of $29.6 million compared to working capital of $21.6 million at December 31, 2018.
For the 6-month period, the Company acquired 6 stores, one in Denver, CO, Palm Springs, CA, Reno, NV, and Manchester, NH and two in Maine and opened new store locations in Tulsa, OK and Brewer, ME.
Appointed Bob Nardelli, former CEO of Home Depot, as Senior Strategic Advisor.
Darren Lampert, Co-Founder and CEO, said, "the Company's second quarter financial results reflect our company's continued focus on revenue growth and EBITDA expansion. We improved the financial performance of the Company in all areas. Revenue was up 172% year over year to $19.5 million. Adjusted EBITDA was approximately $1.8 million, with adjusted EPS at a positive $.06. Our same store sales were up 23% versus Q2 2018. Gross profit margins increased 5.7 basis points, to 29.9%. Gross profit dollars were $5.8 million for the 2nd quarter 2019, an increase of $4.1 million versus the same period year over year. With our significant top and bottom-line growth, we were able to reduce our store operating expenses by 13% and our corporate overhead by over 42 % as a percentage of our revenue. The Company continues its rollout of its new ERP platform, adding our Northern California, Michigan, Maine, Oklahoma and Rhode Island stores to our ERP system in 2019. The GrowGen ERP platform is designed to lower costs, improve departmental productivity, and provides forecasting and reporting tools. All of our current store operations will be on our ERP platform by the end of 2019.
The newly acquired stores and new store openings are all performing better than expected and have been successfully integrated into the operations of the overall company. The Company has nearly $18.0 million in cash, which will allow the Company to continue to grow at a rate of 100% year over year. We appointed Bob Nardelli, former CEO of Home Depot, as Senior Strategic Advisor, who will provide advice on matters relating to strategic partnerships, supply chain, merchandise, branding, distribution, new product introductions, pricing and channel selection. We have a strong pipeline of new acquisition targets set to close in the second half of 2019. The Company is also investing in an aggressive new store opening plan, working with a National real estate company to locate properties in all major cities in the U.S. We are raising our revenue guidance for 2019 revenue to $65M-70M and non-GAAP adjusted EBITDA of $.14-$.18 per share, based on 34.8 million shares outstanding."
https://www.prnewswire.com/news-releases/growgeneration-reports-record-q2-2019-revenues-and-net-income-300898394.html
Rrrrriiiiigggghhhhhtttttt. Not.
Will test the waters again if this hits a dime.
People are so short sighted. Lol Amazon is not Amazon going back 20 years.
Waiting patiently for revenue. Huge potential.
Agree. He’s very accessible and will answer reasonable questions.
Blah blah blah.
We currently have a gigantic spinning top. Bullish! Lol.
I think someone made a boo boo. That is an fugly candle. Lol.
Owned CRON pre-uplist, sold my last 1/4 position at 21. Bought a $h:tload of $VRUS.
Spoke with the company and asked about the most recent PR, specifically a list of dispensaries taking part. This is the email response I received. I copied and pasted, no changes made except my own name:
$$$$$,
Please see below. Also might be worth mentioning our bulk sale products labeled by others has placement in many more stores. This list is comprised of recent order so will get the full list to you asap.
THC Of Olympia
THC Of Lacey
Emerald Haze
Green Collar
Clear Choice Cannabis
Mary Mart
Bud Hut Maple Valley
Bud Hut Anacortes
Loving Farms
Zips Cannabis 38th
Zips Cannabis 72nd
The Herbery 1
The Herbery 2
The Herbery 3
Buddys Renton
Evergreen Market South
Evergreen Market North
Evergreen Market Auburn
Urban Bud Tacoma
Tjs Cannabis Shelton
Western Bud Burlington
Western Bud Bellingham
Western Bud Anacortes
Living Well Ent Burien
Mary Mart Tacoma
World Of Weed Centralia
Plausible product
Hashtag
Higher Leaf bellevue
Higher Leaf Kirkland
Stay tuned for interactive map.
CROP Team
You are soooo bad at this. Lol.
What’s your price target to buy back in?
I’ll give you this: WHICH 40 locations would be a nice thing to add. I don’t see that.
CROP’s Tenant Brands Hempire and Evolution now Available in 40 Retail Locations With Over 100 Available SKU’s
Anwesha Sengupta - April 3rd, 2019
Crop Infrastructure logo
CROP Infrastructure Corp. (CSE:CROP, OTC:CRXPF, Frankfurt:2FR) has been advised by its tenant brand sales team that the Hempire and Evolution brands are now available in 40 retail locations, mostly along the coastal cities of Washington.
CROP Infrastructure Corp. (CSE:CROP, OTC:CRXPF, Frankfurt:2FR) has been advised by its tenant brand sales team that the Hempire and Evolution brands are now available in 40 retail locations, mostly along the coastal cities of Washington.
The flower is available in eight different strains across seven sizes with concentrates being made available in five different concentrates across 20 separate strains giving the retail locations over 100 SKUS to offer their consumers.
The Washington market for 2018, according to Statista.com, was a $534.06 Million market with RBC Capital Markets analyst Nik Modi writing: ‘The legal cannabis category [in the U.S.] is set to grow at a 17% CAGR over the next decade to as much as $47 billion in annual sales.’
Crop’s tenanted Washington facility has a major advantage with low cost electricity at $0.02 per kWh and greenhouse style growing, making it one of the most efficient growing operations available in the state of Washington for high quality product.
CROP CEO, Michael Yorke, stated: “Our tenant growing team and their sales team have made outstanding progress with product placement in 40 retail locations for both flower, oils and extracts. We continue to build out our brands in California and Nevada and our objective is, ultimately, to be in as many states as possible.”
https://investingnews.com/daily/cannabis-investing/crops-tenant-brands-hempire-and-evolution-now-available-in-40-retail-locations-with-over-100-available-skus/
Please tell me your kidding. There are hundreds of companies that market and sell products made by other companies.
Stinky this post! Lol.
Position Of Strength?
Increase your fiber intake immediately!
I hope it stays in this range for a bit. Healthy consolidation is..... healthy. $VRUS
I did earlier also. I’ll post if/when they answer.
Green. Lol.
AssCM go away!
FWIW it wasn’t a lie. Early Bid/Ask spread is typically wide. I have .0199 on the ask right now. It was .0249 earlier.
No. There isn’t!
Haha! Never gets old.
Getting a nice, bluish hue. Getting ready to take them down to the farmer's market.
You still there?