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@obstando - Looks like we'll have to both take each others answers with a pinch of salt then.
I don't have any industry experience, the same as I don't have industry experience in oil, gas, pharmaceuticals etc that I invest in.
I also take everything those "experts" take with a pinch of salt because it's in their own interest to peddle their commodity.
All this talk of salt has made me thirsty.
put this back on top where it belongs...
The transition from tobacco products to non-tobacco products is already well advanced and underway. Nicely branded (Chill) alternative lifestyle products will make a lot of headway in this space.
In general there was a comment made by Viridian on the migration from tobacco to tobacco alternatives, and also there is one of alcohol towards THC, as peoples "methods of chilling" change over time with legislation etc.
Clearly Viridian represent players in the cannabis space, as well as the CBD space, and the tobacco alternative space, and I think this was a more generalised comment.
Nobody is suggesting CBD will replace alcohol.....
The simple fact is Chill, either in its products, or even the reselling of others, are in that "lifestyle space"
They have their own products and can continue to bring out pretty much anything "Chill" as time moves on, they can also look to sell others products in the "Chill space" that don't directly compete with its own product lines, with the Chill web domain.
The trolls have continued their argument from first laughing about "flogging CBD out of garages" to then knocking the CBD market in general, to underestimating the tobacco cessation market, to then acknowledging it, then suggesting big tobacco will consume all in this space etc....
The trolling will continue to change from one narrative to another, but as the "non-linear rollout" moves into its next phases the "no updates / no numbers" narrative will fade and die, just like the "no stores" argument before that.
The company will still hit its 10,000 store target, on time, and it will have a non-linear rollout...
The translation for the above is to simply expect, at any point, a "Chill is in X stores", which is significantly above the previous store announcement, and then the same to happen again.
The shorts will not get a period of time in which to correct their positions, because it won't be "we are rolling again at x00 stores a week"
Things will jump in chunks, and alongside additional stores, will be additional SKU's appearing in stores, and online.
Now the SP has remained in this range, having not priced in the Rhino Marketing tie-up, not priced in the Viridian tie up and not priced in or understood the non-linear rollout, nor the TFN product announcement.
I would imagine stores going from the previously announced 2500 towards 10,000 in a short period of time, alongside new products being in those stores, alongside an IR drive in the USA... to put quite the squeeze on any short positions.
To put in context, being in 2,500 stores with 5-6 SKU's (3 flavours of CBD chew pouch, and either the 2 CBD Isolate Smokes or those + Hemp Smokes) is one thing. Being in 2,500 stores with 8-9 SKU's (The TFN pouches in one strength being added) is practically the same as a 50% uplift in stores from the original distribution deal(s).....
It's just a waiting game...
The transition from tobacco products to non-tobacco products is already well advanced and underway. Nicely branded (Chill) alternative lifestyle products will make a lot of headway in this space.
In general there was a comment made by Viridian on the migration from tobacco to tobacco alternatives, and also there is one of alcohol towards THC, as peoples "methods of chilling" change over time with legislation etc.
Clearly Viridian represent players in the cannabis space, as well as the CBD space, and the tobacco alternative space, and I think this was a more generalised comment.
Nobody is suggesting CBD will replace alcohol.....
The simple fact is Chill, either in its products, or even the reselling of others, are in that "lifestyle space"
They have their own products and can continue to bring out pretty much anything "Chill" as time moves on, they can also look to sell others products in the "Chill space" that don't directly compete with its own product lines, with the Chill web domain.
The trolls have continued their argument from first laughing about "flogging CBD out of garages" to then knocking the CBD market in general, to underestimating the tobacco cessation market, to then acknowledging it, then suggesting big tobacco will consume all in this space etc....
The trolling will continue to change from one narrative to another, but as the "non-linear rollout" moves into its next phases the "no updates / no numbers" narrative will fade and die, just like the "no stores" argument before that.
The company will still hit its 10,000 store target, on time, and it will have a non-linear rollout...
The translation for the above is to simply expect, at any point, a "Chill is in X stores", which is significantly above the previous store announcement, and then the same to happen again.
The shorts will not get a period of time in which to correct their positions, because it won't be "we are rolling again at x00 stores a week"
Things will jump in chunks, and alongside additional stores, will be additional SKU's appearing in stores, and online.
Now the SP has remained in this range, having not priced in the Rhino Marketing tie-up, not priced in the Viridian tie up and not priced in or understood the non-linear rollout, nor the TFN product announcement.
I would imagine stores going from the previously announced 2500 towards 10,000 in a short period of time, alongside new products being in those stores, alongside an IR drive in the USA... to put quite the squeeze on any short positions.
To put in context, being in 2,500 stores with 5-6 SKU's (3 flavours of CBD chew pouch, and either the 2 CBD Isolate Smokes or those + Hemp Smokes) is one thing. Being in 2,500 stores with 8-9 SKU's (The TFN pouches in one strength being added) is practically the same as a 50% uplift in stores from the original distribution deal(s).....
It's just a waiting game...
@dmors - yes the industry is relatively new and these are experts that know the industry inside out. If you can share your industry credentials here I can evaluate whether I consider their knowledge greater than yours and hence take your comments with the pinch of salt you suggest
Dmors
CBD market valued at $2.8B in 2020 and expected to grow by 21% year on year. That is HUGE! Is it bigger than the alcohol industry, of course not but as you said, early days in the CBD world. I'm not saying it will be as big or bigger by any set date but the uses of CBD go far beyond the recreational use so the sky is the limit. Plenty of scope to make a lot of CBD companies an awful lot of money!
Correct Billy, it's only important for the very short term sp but not important in the great scheme of things. Q3 figures in a covid hit rollout when store numbers are around 2500, a brand new product which has had little in the way of marketing, won't mean much compared to Q2 next year when store count should be above 10,000. When the number of products has increased with the nicotine but no tobacco chews are out plus whatever else they have in the pipeline. The product will hopefully have had some actual marketing, etc.
So Q3 figures are great for anyone looking to bash the sales figures (lets face it the trolls bashed the tiny sales from last year and then the $millions sales for early this year as well so company can't win), BUT insignificant in the long run.
Stop living in the past and look to the future.
"@dmors - I will take the comment based on who it came from and their knowledge and history in the industry over an opinion from an anonymous poster on a BB"
Their knowledge of an industry which is very new and with very little history.
Maybe you should take what you've been told with a pinch of salt, all I'm suggesting.
@billy - why won't you just ask the company? Be proactive for once
Obstando,
...rather than asking it here on a daily basis....
I have only posted once on here before today since 1st October so have NOT been asking on a daily basis.
So much was made that the Q2 update (along with results to 31st March) was not important as it was pre roll-out and it was better to wait for Q3 being post roll-out (along with results to 30th Sept). Yet, here we are and it is now said that Q3 is not important.........
I fully get the positives of the recent RNSs but investors were told that we would get quarterly updates..... so I believe that it is right to ask where they are.
What’s this?? Antha posting negatively again on a share they’re not holding????
There must be a ‘y’ in the day!
@dmors - I will take the comment based on who it came from and their knowledge and history in the industry over an opinion from an anonymous poster on a BB
@billy - My thoughts: no-one here can answer your question definitively - it appears that you have either not read my post or if you have you have completely missed the point. It really isn't about the quarterlies. If it's so important to you to know if the Q3 update is coming I suggest you take a proactive approach and contact the company for an answer rather than asking it here on a daily basis.
obstando "It was made clear that the CBD industry will be larger than alcohol, larger than tobacco and larger than soft drinks."
Looks like another sheep is destined to get fleeced here.
Obstando,
Fully get your post as regards the future and not the past...
But...
Are we getting a Q3 update (as promised) or not ??? It is now 18th October. I, personally, would have thought the promised Q3 update would have been with us by now.
Any thoughts specifically about this would be appreciated.
BB2.
"It was made clear that the CBD industry will be larger than alcohol, larger than tobacco and larger than soft drinks."
I can't see it.
Sorry, I like enthusiasm, but that statement is delusional.
Sensible post Obstando, it's all about the future not the past!
spot-on !!!!
I've refrained from getting actively involved here much recently as the board has deteriorated into a toxic kindergarten. Any humour has gone and it has become centred on personal battles. The sooner that changes the better and you'll find that quality of the board will improve.
With regard to a lot of the discussion about the minutiae (quarterly figures, Viridian agreement etc) I think people either didn't listen to the comments at the AGM or have very short memories.
We are lucky enough to have some serious heavyweights working with us and their aim is not to see the SP hitting 60p. These guys see the bigger picture and realise the potential of the industry and where Chill will sit within that industry.
It was made clear that the CBD industry will be larger than alcohol, larger than tobacco and larger than soft drinks. Think about those numbers for a while and let the enormity of that statement sink in. It was also made clear that the people that are now fully behind Chill are not interested in being top 3 in the industry - they are fully focussed on being No.1.
The importance of branding was highlighted and the fact that no other company is targeting the lifestyle market in the way that we are. The Chill brand is fundamental to the business and the industry and gives the company a massive advantage over the existing players. Any newcomers to the industry will be playing catch-up for a long time.
It was emphasised that growth is not linear - this is something that those who are focussing on the quarterly results need to grasp. This business will NOT be going up in a straight line - when it moves it will really move!
We have seen the US investors starting to buy in and this is only going to increase. The drum is banging loudly and the US seem to understand the potential here more than the UK market. The guys driving this now will be opening a lot of doors and a new investor base will be established very quickly.
The main takeaway was that the real focus now is on monetising the company - this is not a long-term play! Trevor and Antonio have made it clear in the past that they do not have the skills nor the experience to take the company to a multi Billion dollar business. Scott made it crystal clear - they have a clear exit strategy in place! In my opinion this will not be in 5 years - this is what Viridian do!
They aren't here for a few million - they are here because they understand what their pay-day could be. This will move quickly and I expect many people that have lost faith in the company or have sat on the sidelines because of all the negativity will have regrets that haunt them for a long time. The people driving this business have made it clear that opportunities like this can be once in a lifetime and I for one intend to enjoy the journey. It's been bumpy and I'm sure there may be a few more bumps to come but from where I'm sitting the future looks very exciting.