Wednesday, June 05, 2019 12:11:44 AM
Most of the revenue increase will come in late Q3-Q4
Mentioned again that the board has discussed buying back stock later in the year if the sp still hasn’t improved.
Last tranche due in the summer, said they “likely won’t have to return to capital markets for sometime” after that
Expect more announcements on sales of assets in the next 60 days, still planning on bringing in roughly 50 mil through selling assets so about 30ish more to go
Expect announcements of acquisitions and/or JV’s in the LA/SD/NV markets (didn’t give timeframe)
The two Nevada dispensaries were sold at 3x Revenue valuations
Hinted at possibly selling or doing some sort of partnership with the edible gardens business. DP said eg was no longer absolutely necessary to their business strategy and said the BOD has had discussions about doing something with the business. Kinda sounded to me like they’ll go after the next round of NJ permits again and if they dont get one then they’ll sell EG. Just my interpretation though
They invested into hydro farm at about 140-150 mil valuation, expecting them to go public in the fall but it could be later. Compared hydro farms ipo to Greenlane who just IPO at something like a 500-600 mil valuation doing 40-50M in rev quarterly, implied hydrofarm was doing at least that if not more in rev.
Just what stood out to me, probably missed some stuff
FEATURED POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM