Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
At the very leasf
Looking like it unfortunately
Safe banking Act Voting today in the house! Let’s hope it gets to the senate quick!
Who got that license?
Thanks for this mongoloid mick
You are way behind jack. They just opened 101st store
Definitely..
From Mexico? Hahah
New Jersey gov just signed weed bill. Jersey is a GO!!!
CGC had no legs to stand on in the US. Curaleaf is already 101 stores ahead of them! They stand no chance
Let’s go!!!
The Company anticipates that revenue for the three months ended December 26, 2020 will be $33.8 million, a decrease of $10.3 million, or 23%, compared to revenue of $44.1 million for the three months ended December 28, 2019. The decrease in revenue was primarily due to the impact of COVID-19 on retail traffic and tourism in California and Nevada partially offset by increased revenue in all other states including a 135.6% increase in Florida and a 217.4% increase in Illinois.
Gross margin for the three months ended December 26, 2020 is expected to increase by $5.1 million or 39.9% from $12.8 million which was 29.1% of revenue to $17.9 million representing a gross margin of 53%. The increase in gross margin is primarily due to the Company’s retail optimization efforts in which improvements in the Company’s product sourcing and favorable changes to pricing and payment terms in key vendor agreements resulted in improved margins for the fiscal second quarter of 2021.
2
SG&A is expected to decline by $30.1 million or 47.2% from $63.9 million in three months ended December 28, 2019 to $33.8 million in three months ended December 26, 2020 due primarily to continued progress involving the Company’s restructuring plans of which a primary component is cost reductions within the corporate structure.
Loss from operations before the provision for income taxes is anticipated to decrease $42.9 million or 61.9% from $69.3 million to $26.4 million as a result of the continued progress regarding the Company's restructuring plans and initiatives which includes strategic headcount reductions, elimination of non-core functions and overhead, as well as modifying sales and marketing strategies for the changing customer base.
Net loss from continuing operations after the provision for taxes for the three months ended December 26, 2020 is expected to be $69.6 million, an increase of $12.9 million, or 18.5%, compared to a net loss from continuing operations of $56.7 million for the three months ended December 28, 2019. The increase in net loss from continuing operations after the tax provision was attributable to a $38.2 million increase in the Company’s provision for income taxes driven by IRS Code Section 280E, offset by the Company's continued focus on cost efficiencies and retail profitability.
98th store opening in florida
All US MSO are doing great
I believe the next Quarter release will say they are profitable!
97th store just opened
Don’t listen to paid shorts. They are on every board. Just part of the game. It was a good day. Tomorrow buy and hold
450 million volume is no interest?? Haha reveal yourself shorty
Keep orders in!
Diamond hands
We attack at dawn! 6:30 pst that is!
#97 just opened in Pennsylvania.
How can they do that???
How it is legal to only offer selling not buying? Any shorts should be frozen
Full of crap haha
Sounds like a short to me. You need a bog squeeze? Haha
Collect your tears to offer to your democratic Reptile overlords. I for one will drink them
You can Grow indoors hydroponically without dirt fyi
When Congress passes the Safe banking Act id say
Really a fool for that take, they are just because the democrats are 6 days away from controlling the country. The Canadian Stocks are the only ones on legit Exchanges. They are getting a bump from that Since Robinhood and Major investors will not trade on the OTC. They are going to be riding on the US multi-state operators as soon as they can uplist
No but tomorrow!
Huge news!
Definitely
Lol did you see that coming?
In Boris we trust
I’m long since beginning of 2019. A Quarter billion raised is obviously a good thing but the timing is terrible
They couldn’t have picked a wrong time for this dilution
Why is there more dilution. The market is reacting accordingly. Unbelievable
Not true, Democrats need both seats. Which they got! Ding dong the Mitch is dead. McConnell just became what he hates the most. A minority. Time to get the ball rolling!!
I hope Safe banking Act and the States act. Let them use banks and let the states decide what they want to do. Hope they don’t legalize and let them transport across state lines or country lines for that matter. That would flood the market.
Hahah.. as am I! Like a 8 teamer coming through