Tier 2 Cdn LP’s Peer Comparisons: Income Stmt Drivers & Implied Breakeven Sales

I used this graph in "Hexo in Pictures" post, but in case you skipped it because you are not interested in Hexo... I thought I would re-post. I will be posting Trend Analysis per LP against these metrics hereafter, so I wanted to ensure the Base Peer Comparison has been highlighted for you. I will also be swapping HIP out given the Hexo acquisition [take note of HIP EBITDA as this will stack into Hexo in the first few Q's unless they slash duplication - it is before Rec, so keep that in mind. I'll add HIP latest Q once released and before removing…

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Cannabis as a Commodity Part 2: Health Foods

As investors in new industry surrounding a multi-purpose cash-crop it’s important for us to understand how the plant can be broken down into different product formats. The primary focus of the industry has been to produce cannabinoids and terpenes, but the rest of the plant is full of valuable components we can use. In a mature industry, companies that can fully exploit all products lines from the plant will expand the furthest across different industries. They would theoretically receive the highest margin per plant. These companies will eclipse LP’s focused solely on producing flower and oils in terms of size if they’re successful. The…

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HEXO Q2F19 Jan 31, 2019 in Pictures

I thought I would try to tell the story of Hexo Q2 in pictures. Income Statement Drivers and Implied Breakeven TREND. Income Statement Drivers and Implied Breakeven PEER. Gross Margin % TREND & PEER Tier 2 LPs. Gross Margin Peer Comparison Latest Q - Full Peer Group TREND Analysis SGA & SBC as % of Sales. PEER Analysis SGA & SBC as % Sales. PEER: Implied Breakeven Sales divided by Current Sales. PEER: Implied Breakeven Sales to +EBITDA divided by Current Sales.

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How much did Peltz cost Aurora?

Big name, and a big announcement today by ACB as they bagged Nelson Peltz - a notable in consumer products, and has been a director of just about anything a consumer might come across in daily life. As a business person and 'advisor', he was brought on to "work collaboratively and strategically" as a matchmaking service - to bridge cannabis into and across the CPG space. Unlike the backing Cronos and Canopy have with companies, this approach is a little more open ended, and doesn't have a single entry point like the Altria and Constellation deals they have respectively. ACB gave up some 20MM…

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