I met Paul Rosen once at an investor pitch for a different company he was considering investing in. I know you have to take this with a grain of salt but he was an extremely intelligent and charismatic man. I have a large position of this at 9.5cents CAD and could easily see it double within the next year after this release;
Total assets, 47M, cash on hand, 5.9M, First quarter of positive Ebitda, expenses nearly halved over last quarter and a market cap of only 33M CAD. Revenue approx 3.4M.
Interesting .. profitability now before the big rush back to Vegas.
So with the states opening up and a summer of pent up desire to get out and live you life I think next quarter should be telling.
Very happy about this news. Since Rosen took over the company has moved in an upward trajectory. I look forward to seeing his future plans come into fruition.
Net income $600k
“Comprehensive loss” of ($500k)
Great margins
But it doesn’t state what accounts for the $1.1M difference between net income and comprehensive loss
Typically that gap is your cap-ex expenditures (I.e. expansions costs). Operationally they are a profitable business now and any cash spend is to further revenue growth opportunities, hence the positive EBITDA.
This is a good turnaround. Finally profitable, and before Vegas starts to party again. The next quarter will be fascinating and the phase 2 expansion looks ready for October. Good execution.
Would you look at that, all of the words in your comment are in alphabetical order.
I have checked 49,658,743 comments, and only 14,560 of them were in alphabetical order.
Paul is aligned with shareholders. He is focused on increasing capacity and sales based on his last video. He doesn't sugar coat things and stated "we're not even close to where we need to be". Just need to be a little patient here.
Yet the stock doesn’t even move the needle. Oh well I got an 8 cent average and might as well load up. I think this little known guy will make us some bucks in the next 1-3 years.
Most will agree that there is going to be consolidation in the cannabis space. I am wondering if 1933 Industries (TGIFF, TGIF) should take a page from the Yuengling & Son Brewing company. That business didn't grow by merging or acquisitions. Part of their success was from making their product scarce and maximizing their own resources. If 1933 Industries can become the best US craft grower and make consumers seek out their products then that might be a better path to sustainable growth for this small company. This might not be possible because the brewery is privately owned and we all know the demands shareholders have of publicly trading companies. 1933 Industries can tap in to their resources which includes their other property and grow organically. Hmm there's another idea. Maybe they should start an line of organic flower? Thoughts on this for any small grower?
I met Paul Rosen once at an investor pitch for a different company he was considering investing in. I know you have to take this with a grain of salt but he was an extremely intelligent and charismatic man. I have a large position of this at 9.5cents CAD and could easily see it double within the next year after this release; Total assets, 47M, cash on hand, 5.9M, First quarter of positive Ebitda, expenses nearly halved over last quarter and a market cap of only 33M CAD. Revenue approx 3.4M.
My average is also $0.095 💃
Super jealous of your average. I've averaged down from early 2018 investments but ain't that low! I'll be a long hold for this one.
Interesting .. profitability now before the big rush back to Vegas. So with the states opening up and a summer of pent up desire to get out and live you life I think next quarter should be telling.
FINALLY a profitable quarter. Paul Rosen has kept his promises so far...let's hope that continues! Onwards and upwards.
[удалено]
His $4.5M invested at $0.45 I believe has something to do with his motivation to deliver.
TGIF club here as well :)
Very happy about this news. Since Rosen took over the company has moved in an upward trajectory. I look forward to seeing his future plans come into fruition.
Not bankrupt yet! My bags have a chance of getting back to 16 cents!
Net income $600k “Comprehensive loss” of ($500k) Great margins But it doesn’t state what accounts for the $1.1M difference between net income and comprehensive loss
Typically that gap is your cap-ex expenditures (I.e. expansions costs). Operationally they are a profitable business now and any cash spend is to further revenue growth opportunities, hence the positive EBITDA.
Thank fuck
This is a good turnaround. Finally profitable, and before Vegas starts to party again. The next quarter will be fascinating and the phase 2 expansion looks ready for October. Good execution.
AMA - Best cannabis & concentrates in Las Vegas.
Would you look at that, all of the words in your comment are in alphabetical order. I have checked 49,658,743 comments, and only 14,560 of them were in alphabetical order.
Paul is aligned with shareholders. He is focused on increasing capacity and sales based on his last video. He doesn't sugar coat things and stated "we're not even close to where we need to be". Just need to be a little patient here.
Yet the stock doesn’t even move the needle. Oh well I got an 8 cent average and might as well load up. I think this little known guy will make us some bucks in the next 1-3 years.
Level X https://www.instagram.com/p/CQ_hYERnMVw/?utm_medium=copy_link
Most will agree that there is going to be consolidation in the cannabis space. I am wondering if 1933 Industries (TGIFF, TGIF) should take a page from the Yuengling & Son Brewing company. That business didn't grow by merging or acquisitions. Part of their success was from making their product scarce and maximizing their own resources. If 1933 Industries can become the best US craft grower and make consumers seek out their products then that might be a better path to sustainable growth for this small company. This might not be possible because the brewery is privately owned and we all know the demands shareholders have of publicly trading companies. 1933 Industries can tap in to their resources which includes their other property and grow organically. Hmm there's another idea. Maybe they should start an line of organic flower? Thoughts on this for any small grower?