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Tuesday, September 05, 2017 10:00:54 AM
I said they need to come in at a minimum of 3m, and that was spot on. The 4m i kicked around later was based on statements the company made regarding Q1 and les felt that was conservative. That's what they lead everyone to believe. When will you all stop listening to inflated revenue predictions from sources that are consistently wrong. No wonder mcig decided to wait on this news.
You're way off base on this. I went back and reviewed my posts on the subject. I never predicted much more than 3 million. The closest I came to a prediction for the quarter was the following...
mCig Post # 87939
mCig has already stated that they exceeded 4FQ revenues in the first month of this quarter. At that pace, they should record over $3 million revenue for the current quarter. Projected over a year, that would gross about $12 million +. Considering the recent success and expansion of the Cannabis Supply Division, new facility management revenue and expected revenues from 420Cloud later in the year, this could be a conservative estimate.
What I was saying was conservative was the estimate for the full year (FY2018) not the quarter. Also, note that they issued the 10-Q early (it wasn't due until the 14th) and, at this rate, they'll exceed last year's total revs by mid second quarter (about now).
![smile](/images/emoticon01.gif)
Les
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