That is just a simple estimate, and I assume that it is the floor. It doesnt include any obvious factors...like product margin growth...which has been impressive under Dye.
Per the Q1 transcript:
"Since completing all of our acquisitions, approximately 80% of our revenues derived from retail and 20% from our wholesale business."
"At our Purplebee's manufacturing division, we saw an increased production output growth from 76 kilograms in April of 2020 to 225 kilograms in April of 2021, a 196% increase."
"At Mesa Organics, we recorded retail product margin growth from 42% to 56% from April 2020 to April 2021. And at Star Buds, our retail product margins increased from 50% to 58% from December 2020 to April 2021."
I am with the other predictions that people have posted...between $28M-$30M. Anything over $30 would be blowout earnings. The only significant business changes for Q2 are full Starbuds dispensaries sales and the announcement of the biosciences division.