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DVP25

12/02/20 7:55 PM

#954 RE: rodgranite #953

Rod, if the "downgraded" revenue target cited in that article of C$70M is actually hit next year, I think we'd all be very happy, considering it would represent an almost 200% y/y increase. That target is most likely just based on this comment from the CEO during the latest CC,

"The $70 million didn’t happen in 2020 so we should make it happen in 2021. Right? So that’s a simplistic way of looking at it. But it’s, again, simplistic. So we’re doing it bottoms
up, asset by asset, region by region, salesman by salesman to build that model up. I would assume it’ll be
no less than $70 million. That would be a reasonable way of thinking of it."

Pretty lazy analyst work if you ask me. It irritates the heck out of me that he had the audacity to say "Right?", like somehow anybody would accept it as a given that C$70M would be a starting point for next year's guidance after how badly they missed this year. Of course, nobody called him out for it and they just ran with it.