Monday, November 18, 2019 7:00:53 AM
end of Q4- 26 locations open and $14.6 mil rev
end of Q1 - 28 locations open and $44.4 mil and smokeable flower just started; delivery growing;
end of Q2 - 30 locations, full Q of smokeable $57.9; delivery growing rapidly and ecommerce growing fastest;
End of Q3 - 35 locations open by end of Sept.
Taking into account ecommerce and delivery growth sounding like it was accelerating at end of Q2, and possibly a disruption on available flower in Aug/Sept when they changed the COO, discounting everything else CT etc, I am hoping for over $63 mil in rev in Q3 and ok if margins come in somewhat considering rate of store opening and staff growth. Also wouldn't be surprised if we are in high 60s.
Thoughts?
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