Hey Nerds: Blockchain
- Thread starter zeke
- Start date
CH1
The Artist Formerly Known as chiggins.
I'm sorry to read that...I really hoped you and I would join forces to become minority shareholders and fire those 3 guys on the website
Preston
MBow30 alt account
Thumb basically went vertical in a 25% move. Crazy. Wanna see if it holds 37.30. Could be a decent bottom fishing play (or one could wait till they see bull volume pouring in again and acting on that, while perhaps missing some of the move). Like the volume on this dip.
CH1
The Artist Formerly Known as chiggins.
Fuckin' Mindzeye sold the big chunk he bought a few days ago.
Props to him, but the whale could at least warn us when he's done selling.
CH1
The Artist Formerly Known as chiggins.
they be buying them next week after nothing comes out over the weekend
Preston
MBow30 alt account
Note this doesn't include the 32+ milly in medical sales. Would put march at 140+ milly, a ~1.7b run rate.
There was a deadline for many small folks to opens stores before March 31st so this is likely what drove growth here. 22 of the 26 stores opened in the last half of the month so April will be even bigger. Thumb and Cresco have been wanting more stores to open for awhile. Helps their wholesale operations bigly.
Preston
MBow30 alt account
As for q1 earnings that'll be fired off in May...
I still think it looks similar to Q4 before we start seeing a ramp up into the spring/summer. Most of thumbs big store openings were in March so they wont show a full contribution, plus the typical seasonal weakness in winter. The Illy March numbers likely means thumb and Cresco took a good portion of it since they're the #1 and #2 wholesaler (Cresco is tops so they may have had the best month), and it looks like thumb steadily spent $25M/quarter in CapEx throughout 2020. So cultivation deffo came online.. could just be mostly from NJ and Maryland ramping up but it's hard to say since their disclosure is balls.
Presto Prediction: around 10% qoq growth and they land somewhere around $193-197 milly with the usually elite profitability. Would love to see the number start with a 2 tho. I think Q1 will be last quarter of modest growth from these companies that we'll see for awhile. Should get mucho better, particularly in the second half of 2021.
I still think it looks similar to Q4 before we start seeing a ramp up into the spring/summer. Most of thumbs big store openings were in March so they wont show a full contribution, plus the typical seasonal weakness in winter. The Illy March numbers likely means thumb and Cresco took a good portion of it since they're the #1 and #2 wholesaler (Cresco is tops so they may have had the best month), and it looks like thumb steadily spent $25M/quarter in CapEx throughout 2020. So cultivation deffo came online.. could just be mostly from NJ and Maryland ramping up but it's hard to say since their disclosure is balls.
Presto Prediction: around 10% qoq growth and they land somewhere around $193-197 milly with the usually elite profitability. Would love to see the number start with a 2 tho. I think Q1 will be last quarter of modest growth from these companies that we'll see for awhile. Should get mucho better, particularly in the second half of 2021.