Fire & Flower Holdings Corp (FAF)

[FUNMAN]

Key transcript takeaways--->>>Total gross profit for the first quarter 2021 was $16.5 million, or 37.5% of revenue, compared to total gross profit of $7.5 million or 32.6% of revenue for the same period of the previous year ended May 2, 2020.

Driving a percentage of more money to the bottom line for every revenue dollar brought in is a terrific trend. I hope it's not due to covid-related staff layoffs. - FUNMAN

On the same store sales basis, comparing the 45 stores with operations throughout the 13 weeks of Q1, 2021 and Q1, 2020, sales increased by 18% year-over-year.

Another super important metric is organic growth. Either F&F is taking market share from others, or the market continues to grow and F&F gets their share and benefits.

Either way, this contributes to higher gross margins.- FUNMAN