RE: GM all passed27 Oct 2021 15:12
Partially agree with you Hopeful but think well timed and useful rns at the right time and we would be nowhere near here.
Yes we know that they were in 2500 stores in July but we are in November nearly now so how many are we in now and why? We were told that there was $2M+ in sales in Q1 of this financial year, but again nothing since??? And most important is how well are we selling in those stores? Again anecdotal evidence such as Rhino, Viridian getting on board seems to suggest that the sales are going well, but we as shareholders don't actually know. The BOD has told us that the distributors are still all on board, but again that doesn't tell us how much we are selling. Even with the $2M+ in orders mentioned above, we don't know how much of this was repeat orders and how much the initial stock. Decently written RNS's over the last 6-7 months and we would be 2 or 3 times higher than where we are now - assuming of course there are sales. That fact is still unknown which is where the nervousness for me is coming from.
Regarding the actual products then I was an occasional weed smoker in my youth but never really a cigarette smoker so not tried them or would have any benchmark to compare them too. The gummies I love. I've always been an anxious person although managed to stay the right side of depression, but these gummies are great for my anxiety. Sleep so well these days. The Zoetic creams are great stuff. My wife and daughter love the skin care range. Obviously we don't come from a chew nation but understand the market for these in the USA and think it will be great. So I can see the potential of Chill but need to see sales to regain the confidence in the BODs for me. Not that I don't love T&A (see what I did there) for what they have done so far, but running a start up company compared to a global brand are two very different beasts. A couple of good rns before Christmas (please??) and I would be a lot happier if it gets the SP moving in the right direction.