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We had a 12-18 month cash runway if we sold zero product from Callum's mouth 2 months ago...
And since then we sold £350k and signed up WHsmiths and listed on Amazon, Vape local and Flawless distro.
I see Callum is sampling the delights of Egypt as of this morning! I wonder if anyone can put the jigsaw pieces together? Peace and love to our filtered friends xx
Here is what i'm thinking about..............
£3.7M cash in the bank
Chill. com domain owned outright - worth how much?
UK vapes any day with a larges sales team at The Vaping Group to distribute nationally... big chain to come?
The Vaping Group in introduce Chill to Europe in coming months?
US vapes seeing strong sales sell-through in pilot sites... big US chain to come?
Chill. com Marketplace growing at speed... Goodrays just landed today (huge CBD brand in UK stocked at Tesco and Waitrose etc)
Further distribution agreements in UAE, Egypt, Saudi?
Current SP cheaper than before the Vaping Group was signed!
It's all about the future weeks and months - keep your eyes on the prize!
Suspect all eyes should actually be on what’s to come in the near future, not on a period of time that is clearly very different (and poor of course) to what is happening on the ground now.
Callum has repositioned the business, cut costs, cleared out the shi7e and has a significant sum of cash (£3.7M as of April) to push forward his vision. So far he has done exactly what he said he would do and now must be given the support to help continue this transition.
What’s to come:
UK vapes this summer (hopefully next week!) and we know he’s got a significant sales team ready to go for the mass market nicotine free diffusers/vapes. We can’t forget the benefit this will have to UK shareholders being able to pick up their Chill vapes in stores up and down the UK. We know the UK market is crying out for highly compliant, healthier vape options to support further smoking cessation alongside much larger puff counts to heavily reduce the environmental aspect. I really do think some larger uk retail will latch on to that and we could displace a few questionable brands already stocked in major retail!!
US vapes seeing sell-through at far higher rates than prior Chill products and in pilot sites developing clear data to present to larger US chains. The roll out is clearly being worked in a much more strategic manner not like the last roll out of throwing product into every store and hoping for the best. As we succeed in certain states and smaller scale we can then push the boat out informed by the data we have.
We know the margin is very good on these vapes and Callum is set on driving profitable sales, with a rein on where cash is spent and invested.
The Chill marketplace also gives us an incredibly low cost model in which to drive traffic from new and existing brands and ‘cross pollinate’ (Callum’s term) the growing customer base to vapes or any other products we sell whilst picking up a bounty for selling. It will work, but will take time to build up, but no issue with that as it’s as close to cost free as a business model will come.
We’ve also got to no doubt expect some big marketing pushes in the coming weeks to promote all the above. Ultimately if you are buying now, the shi7e is out the way and you can buy cheaper than before all these distribution channels were announced, with a high amount of optimism for the next few months and beyond!
Will no doubt be a few extra surprises along the way too as I know Callum’s focus is on some other key geographies from Europe, UAE, Egypt etc and we have the scalability in our current supplier to go through the roof if we get the right demand! His previous interviews are well worth another look! DYOR ; )
Incoming:
Chill Zero vapes live at chill. com yesterday in all 50 US states : early news on take up?
Await news on buyers for the largest convenience store chains in US (THE BIGGIE since 31st March RNS!)
The Vaping group distribution of Chill vapes in UK planned for this Summer and aggressive growth plans mentioned by Callum! This could surprise people the speed of take up across the UK.
Middle-East distribution to come following upcoming EXPO?
100+ third party brands aimed for this year! Circa 30 aimed to be signed up by around end of June/July.
shaping up nicely!
"The products, marketed as 'Chill Zero', are under consideration by numerous retail buyers representing some of the largest convenience store chains in the United States"
Chill : )
"We are one of the few brands offering a tobacco pouch alternative and we are glad to have been recognised as a high-performing and popular entry to the convenience store environment."
Chill Brands tobacco alternative products are available at Chill.com and in THOUSANDS of retail locations across the US.
Nice touch providing an intra-day rns too! News flow is changing and a few people will be caught out i'm sure. I think that's clear with some of the posters here!
Lol at "you can sign a distribution agreement"!!
HHAHAHAHA go on then mate! Go and create a brand and multiple products that AATAC agree to stock you in an initial 10k stores sitting on their front counter! I'm sure they are happy to give their prime real estate to any old ****e.
I'm sure Smoker Friendly will happily take any old products too especially when they are nicotine and tobacco free..
I'm also sure that BettermentRS' president also tells every brand that they are one of their BEST SELLING PRODUCTS and get their name written into an official RNS.
Anyone would think you may be a trader, and want a cheaper entry. Why else would you be here exactly?
Just another trader chatting sh7t. The fact you bring TW into it says it all.
These two "clowns" have taken a failing O&G company and signed up distribution agreements across the US and Europe and developed brands that will be taken up globally. Bringing Viridian and Rhino on are exactly what they needed to do to take this on to the next level.
Valuation here is beyond a joke. People pilng into CBX, KNB, TAAT that don't even half half of what we have, yet currently demand 2,3,4,5,6 times the Market Cap.
Corner is turning here whether TW and his shorts want to believe it or not.
the promise was "a few weeks". It's been 4 weeks? it will come any day i'm sure, that's not a broken promise in my book. Meanwhile I'll see the short positions on IG accounts opened up again today to 10%...wonder if it closes, before 4.30?
Well you've got to think that we should get a trading update next week, to match the timelines from the previous end of July quarterly update.
Hoping to hear how things have progressed positively. We don't need fireworks, just hopeful we have rolled to a few more stores, gathered more info on the roll-out from various areas of the US and we are ready to really accelerate the roll-out as distribution issues reduce in the US throughout Q4.
Safe in the knowledge we are close to launching new SKU's in our expanding store count, with Viridian and Rhino driving us forward over the next few months getting the global brnd story out there to the mammoth US investor base. Who knows you may even get a few TAAT investors on board and realise that CHILL is stupidly undervalued in comparison to them - As CHILL is in MORE stores, with MORE products, with a BETTER brand and already generating MORE revenues. Crazily enough it's about 6 bags from here just to get on terms with TAATs current MCAP not even taking into account our 10k store target by March.
So yeah we don't need fireworks right now in an RNS, but i think we could get fireworks in terms of the share price exploding upwards regardless!! Just Chill.
Haha okay RKB keep running that line!
Your self-importance is laughable! No doubt you expected HL to serve you your letter of representation on a golden platter with a glass of Dom Perignon and a side of caviar. Or Buchanan to personally deliver the zoom link for you to attend on a fresh MacBook Pro on the back of a noble steed. Maybe if you weren’t such a self-entitled twat you might have actually been able to view the AGM like the other hundreds of other shareholders who did so with no issue!
Maybe we are on the same side here (supposed bullish investors), I don’t really know as your posts of doom around TR1s, Suspensions and the like spread fear and your encouragement to vote down certain resolutions serve no positive purpose for shareholders. The Ceos are working like crazy to build a global brand here (I’ve spoken to them 1-2-1 if you are intent on Willy waving) and have now bought on tier 1 US capital advisors to tell the story and help deliver on the incredible work they have done already.
I’d just much prefer you’d use your energy (and unlimited time I believe you had said) to promote and highlight the positives, rather than bleat on negatively about missed deadlines, and mistakes from some sub par advisors who will probably be removed anyway!
Completely agree HD. I know many shareholders who are with HL that were able to attend without issue. No one is particularity enamored with the performance of Buchanan but thankfully we have much bigger fish to deal with now with Viridian CA supported by the full weight of Rhino Marketing behind us! US Investor Relations should get us properly on the map and I for one am incredibly excited about the next few weeks and months.
I'll vote FOR the resolutions much like at the AGM along with the other 70 odd million that agreed with me versus RBK's notorious 330k NO votes (eye roll).
I do agree to an extent, i was honestly expecting a trading update this morning to counteract the poor results from last year. I think we will still get that very soon, but certainly leaving the results like that with zero commentary or forward looking statements is sadly another Investor relations mistake from the BOD. Not denying that at all.
Just leaves sorry people like me to try and remind people of what the investment story is here. The change between then and now is so significant, and so far the BOD have failed to communicate that AT ALL! I've taken advantage anyway, and looks like a lot of others have too. ATB to genuine investors!
Some laughable comments on here and some clear agendas.
I mean everyone who has done any research into this company knew last year's results would be awful.
2500 stores, how many by end of September? $2M rev in a few weeks of roll-out post period, how much more by September?
The next results and going to show a stunning turnaround, with all the cr5p dumped into last year! I'm already salivating at some of the headline stats on revenue increases, profit increases and store rollout!
Peeps need to stop dwelling on a period over 5 months ago before anything meaningful had happened, and look to the FUTURE! (or even the present to be honest!)
They will not get that level of detail. Their customers are the distributors not the stores.
They may have been able to give that level of detail early on in the pilot trials with OX distribution, but not with multi-state, multi distribution and hundreds of individual stores by state. They will get an order for product and revenue attached. Extrapolating out as to whether that is restock, or first orders on an expanding roll-out is futile.
We'd all love that level of detail but i don't think we will get it. Maybe some small state level distributors will have a general idea but that's their own data and not ours.
100% agree we need more data BUT...
- We've been told they are in 2500+ stores as of 29th July and we have been told roll-out with "accelerate in coming months" and the 10,000 target is unchanged.
-We've previously been told that Chill was out-selling some of the largest brands in the CPG market and have been put forward for awards for best new product
-We can also see images of their products in high footfall stores sitting on the front counter
And then look at everything else going on PBR, Rodeo, Chill UK events, all the socials.
i personally believe anyone selling on last years results now will regret it. The guys have not been saints at all with Investor relations, but they do know how to create and grow a global brand from what i can see... GL whichever way you go!
Saw that on twitter Paul - great stuff and thanks for sharing ahead of time!
"We are very pleased with the publication of the article in a peer-reviewed journal. The clinical findings reported in the article suggest that the nasal spray of Foralumab could be developed as a take home treatment, circumventing the obstacles associated with intravenous treatments for COVID-19 and its variants. We are looking forward to initiating shortly the next clinical study evaluating Foralumab nasal spray in hospitalized COVID-19 patients."
Everything is on track and as has been communicated in the investor presentation milestone slide. This is all good news, but many people trading what they see as a slow news period, it's obvious from the tone of many of the replies. Those holding long and strong should be incredibly pleased with the progress. The value of the drug is growing as it moves through clinical proceedings.
It's a wonderful buy down here, i've been adding and happy to hold for the rerate whilst many will miss out trading elsewhere. ATB
Hugely undervalued here now with massive roll out plans to come.
I cannot believe you can buy these shares for less than the day the Landmark Distribution agreement with AATAC announcement was made (albeit with a few more shares in issue - for balance) back in November.
The progress made since then is remarkable and is why i've added more shares here again.
To have the Chill .com domain now as well is worth bundles, and we have announced we are profitable in circa 2000 stores you really have to think the only way is up from here!!
Roll out to accelerate, margins to increase with economies of scale, Eric Schrader on board, new websites, broker notes, IR improvements, new product launches, Rodeo and further US sport sponsorships, UK Chill parties, FSA approval and Zoetic UK high street roll out (or are we selling that for a huge cash injection?).
It's all getting a little bit exciting. Where's that kitchen sink...