Research: Alcanna Update

by Lsigurd on October 9, 2020

CLIQ news out today looks solid. Sales accelerated a bit in Q320 over Q2. I think it is only going to improve with the trajectory of cases we are seeing in Western Canada and the restrictions just put in place in Edmonton.

Oct Update

selling 8 stores for $21mm – $2.625mm
these stores contributed $1.9mm of profit in 2019
lower volume stores – though they were profitable ones
SSS for liquor accelerated to 15% yoy – was 13.4% yoy in Q220
Cannabis SSS increased 33% which is decent as well
said available capital resources is $70mm so that is down from August but that probably means increased inventory which could be a good thing