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Thursday, July 26, 2018 4:01:44 PM
Here's what I thinking about for the upcoming earnings.
The upcoming earnings are the year end financials thru 4/30/18. The last three months won't show up until the 1FQ19 10-Q in mid September. mCig already surpassed earning for FY17 in 2FQ18 so year over year we'll see another big gain. However, the new Grow Contractors projects were just kicking off, hemp hadn't even been planted yet, OBITX is gearing up for it's launch as a new company and CBD is retooling with new products. Supplies may have been the biggest growth area. Consequently, the numbers for the quarter won't approach any record, but it will be a good year over year report.
The current quarter numbers (1FQ19 thru 7/31/18) to be reported in September should show some improvement, but the first significant bump in revenues may not appear until 2FQ19 (thru 10/31/18) when revenues start coming in from the NYAcres harvest. That 10-Q won't be filed until mid December but should give the company a strong finish for the calendar year. In the meantime we may see some surprises from Grow Contractors and OBTX and perhaps another acquisition. All JMO
Les
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