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It’ll be done in phases, 1st phase to be completed early 2020. I have a “feeling” that first phase planting is on going for early 2020 revenue generation. But again, That’s speculation though, not factual.
Yes. Trulieve facility is 126,000 Sqft.
Yeaaa we will look for confirmation tomorrow. More of a day trader/scalper indicator. Not worried, since the majority of my position is long term.
Gotta hold12.62 in order to maintain that weekly uptrend.
All valid points
I have confidence in Trulieve. However, “internal goal” of six states isn’t a guarantee. I am confident Trulieve will execute on deals that benefit the company, align with its strategic interests for better integration, and friendly for shareholders. However, it’s not a guarantee.
Guarantee is though, that Trulieve will execute on smart moves. Making smart moves as they present themselves, over making moves just to Make them.
Bump in some others OMMU reports as well last couple weeks. Difference is I’m willing to bet our blowout insane numbers will continue, as we execute our supply chain management superiority. While the others end up running out of product and experience shortages. Especially after this month.
Yes, I recall that from the earnings call. This stocks in it to win it.
With the Jefferson County 750k sqft operation being consolidated into one giant indoor grow. And upwards of another 200,000 sqft in the works for being approved now. One can speculate on how much additional capacity will be added to our annual cultivation capacity if it’s all for flower. 33,000+ additional kilograms of premium flower production out of the 750k sqft facility?
2020/2021 will be monstrous, just in Florida revs alone.
Messing with some numbers. I’ve heard many times that 28 grams of flower will yield 1 gram of Concentrate. So plugging in November’s OMMU numbers to try and get a ball park figure on what kind of biomass we are putting out in relation to our annual capacity.
Looks good to me, seems like we continue to sell everything we got!
I think what might catch to CURA is their O/S after the select/grassroots go through. Wouldn’t it bring their O/S to something along the lines of 600m+?
They state “pro-Forma” that they will make 1billion next year, IF they achieved that, how much would be profitable when it’s all said and done?
600m+ is a lot of shares for a startup. Hope it pays off for retail investors next year. But the majority of my holdings in USMJ will remain in Trulieve.
This wants to finish green so bad lol
Wouldn’t make much sense, you’re right lol
Also, we crossed the strike price for warrant conversion today. That doesn’t mean all the warrants converted. But I’d expect to see some converting going on as we push and hold into the 13’s.
Strike price is 12.98-13.11USD depending on the exchange rate. 1:1. 3,030,000 warrants available.
36mil+ mgs THC dispensed. Over 8600 Ozs flower dispensed. And remember we had one day of the week we were closed, and one half day. Check out the data here.
https://s27415.pcdn.co/wp-content/uploads/ommu_updates/2019/112919-OMMU-Update.pdf
“We as a Company, don’t like to look to our access to capital markets as a piggy bank”
That’s what I’m talking about.
Interesting video of Kim at Benzinga, worth the watch.
I think it’s fair to assume we will hear more about it during Q12020 call. I’d expect it to maybe come online or be near completion end of Q2-2020
Not to worried. The amount required to be absorbed isn’t anything that’s crazy. I believe it could present buying opportunities, sure, but that’s what they will be, opportunities. And that’s if they sell off, just because they unlock does not mean they will sell off.
Also keep in mind why a portion is unlocking in Jan, why not ALL unlock in July? Leaves things open to speculate on regarding the arrange of sale of the unlocked shares etc.
I have a cash position arranged for the even we experience buying opportunities around that time, to add too my core and swing positions.
Quite possible. We have an early closing and off day this week due to holidays. However, the grand opening paired with the amount of discount deals they have going on this week should pump those numbers. I subscribed to their email service just to have an idea on weeks with special sales and such. Openings will definitely pick up this month, and the sales going on for December will likely be rampant. Will be interesting to see how well they manage their output in flower and such.
Interesting that I heard from some Florida users on YouTube reminiscing on last years 12 days of Christmas sales at Trulieve. Claiming competitors struggled to keep up with Trulieves sales, and caused Curaleaf to sell out because they poorly managed product, caused them to experience a rough 2-3month shortage. Also spoke on folks recommending really stocking up this holiday season, Incase the shortage around occurs again.
Hopefully Trulieve can match the majority of the demand, will really make the Q4 results that much more awesome.
I believe it to be a Jacksonville location
Continued strength among its competitors. Love it.
Haha well I was expecting a slowdown in revs Q3 just based off the OMMU figures. Q4, things will be in full swing, and these OMMU figures just keep getting stronger and stronger, almost 9000 Ozs in a week?! That’s crazy. Not to mention all the holiday sales coming. Q4 is going to be a grand slam.
Q4 will be much higher. Your number suggests an 18.8% increase from last Q. Q2-Q3 was a 22% increase.
These flower dispensed numbers are getting more and more incredible. I would not be surprised one bit if we achieve a 25-30% increase in revs for Q4. Which would be 88.4 - 92m.
Very seldom you find a company with outstanding reviews by former employees. Most of the time it’s disgruntled people banding together to complain.
I thought your predictions were good. 72-75m, so 2m off from the low end and roughly 4 off from the high.
I said 65-68 because I’m stupid conservative lol I was expecting 68ish, but had my “worst case” at 65m lol. So I too was off by 2m on my high end and roughly 4-5 off my low end lol.
I’m with ya, I expect to see some moves soon. And have plenty of faith in Kim and management to execute shareholder friendly, smart moves. 2020 is going to be exciting! And Q4 is gonna be awesome.
Warrants exercise price was set at 12.98-13.11 USD. Just saying lol will be interesting to see how that plays out. Will the warrants begin getting exercised and converted to shares for a hold? Or will the majority of warrants wait on exercise for higher levels for an immediate profit? Assuming we continue upwards into the 13’s.
Warrants would add very minimal shares, another reason to love the last two raises structures.
Yea your right, never say never! Haha
I’m not a fan of MedMen though! That’s for sure haha.
Will be interesting to see how Curaleaf “comes after trulieve” in Florida lol like they said in their conference call.
Biggest issue for MedMen regarding Funman and Cabos post. Is that MedMen have habitually proven that they are liars lol and intentionally mislead. MedMen dispensed 1.4m mgs THC and 134Oz of Flower last week. They have 9 Dispensaries. That’s terrible lol
They don’t have 300k customers, nowhere near, they also don’t have vertical infrastructure to even come close to handling the business of a quarter of 300k monthly visitors.
MedMen’s biggest hope is recreational, and wholesale to open up so they can stock others product in order to maintain a supply. And also hope that their “hip” stores can capture an audience in a rec market.
I’m cool with it. Better then -12%
Lol whatever you say mehlady.
Yes. That was also touched on. And I agree with you, CT going rec would put Trulieve in a strong position there. I imagine they have been slowly implementing the Trulieve name at the store to familiarize customers before the re-branding is official.
I'm just putting out notes I managed to get down while we wait on transcripts of the call to come out.
Questions:
Capital Allocation: Should be noted, continuing on expansion opportunities in current markets as well as M&A.
2020 outlook on guidance: reaffirming guidance. staying conservative based off current regulations.
Growth outlook in Florida in terms of wholesale and store expansion pipeline as cap comes off in April2020: 49 allowed, additional 5 for every 100k new patients on board, which is near. Wholesaling prohibited, would require legislative change.
2019 Guidance: Conservative, or headwinds? Just reaffirming based off current patient model, flower caused significant demand and patient growth. Still unsure if that growth will continue QoverQ, or be more of stair step.
Massachusetts: Launching wholesale strategy, as well as target to open 1 dispensary Q12020. Actively considering other locations in Massachusetts and or relocating current locations (dispensary wise to more regulatory friendly locations).
Flower pricing: Has flower experienced any significant price change from 9-10USD per gram? Price has remained the same in respect to flower. Tru-mini's have been well received by market. Other competitors have actually increased pricing of other products, which will be interesting to watch.
Consumption trend: Vaping to Flower? No material change. Flower 50% of product mix. Vaping maybe a week was off by 4-5% but came back almost right away. No real affect seen regarding vape issue.
Delivery: Interesting. It’s reduced over time, 6% currently. A couple reasons we think. We put stores in active delivery locations for one. And two, quick order windows added, order online, texted when ready, walk in and pick up. Reducing wait times. Initiatives in 2020 to increase delivery orders, will be interesting.
Difference in basket size? Delivery tends to be a bigger size order, ordering for the month/biweekly at once.
Edibles outlook: Experienced a start and stop process. Vape news hit and kind of steered edibles off track. If we don’t see the process begin soon, suspecting early next year.
R&D California: Very interesting. Typical dispensaries are saturated with brands and choices. Will experiment with a curated selection hypothesis, building other side of store as Trulieve branded. Trying a Med/Rec Curated store mix. “Lets call it a legacy market”.
That’s no surprise. Tbh after the slaughter, the LPs are bound/overdue for a move.
I wouldn’t say a poor reaction. We have 200k volume in the first hour, and up quite well from lows and holding. Will be fun too watch today’s action and where we go.
I’ve been here for the poor reactions, and this isn’t it lol
yea they are lol
These notes are quick jotted down points, lots on the call. I encourage everyone to listen to it while its on archive.
-in the process of changing the “Healing Corner” to “Trulieve”. Believer that Connecticut market will open up more, ready to utilize adjacent property included in acquisition to open additional location.
-Targeting early Q1 opening of Cultivation/Processing facility, first 24,000 will potentially be ready by end of Q4. Very near future scalable wholesale plan in place for Massachusetts, as well as being able to provide for patients. Very excited to see this implemented, as additional profitable revenues to Trulieve. Note: I believe what i got out of this was opening a medical dispensary quickly and combining it with wholesale, as they open up more locations in desirable regulatory areas.
Dry Flower only grown indoors, for maximum quality. Ready for edibles to come online.
Cali remains a useful R&D location.
With tightening funding and current sector mayhem, Kim stated they have seen an increase in M&A / Partnering talks. She stated Trulieve will NOT grow just for growths sake, strict criteria applies.
her closing comments were confident and made sure to state, Trulieve is more then ready to welcome attention.