GREY:ALEAF - Post by User
Comment by
wrangler327on Mar 25, 2021 3:15pm
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Post# 32877112
RE:Some brief comments from CC
RE:Some brief comments from CC Some GMP questions were also answered. They stated they have the ability to dry flower through a 3rd party and sell it GMP certified while they wait for the appproval which is imminent. sthinei wrote: (for those that want to read something other than persoanl barbs being thrown back and forth on the day they have released earnings)
- Sales have gone from $600k in 2018 to $11 million in 2019 and 41 million in 2020.
- Kinslips are a top selling product
- no sales yet from UNIFOR sounds like - stated they will soon be eligible to use $500 HSA account
- EMBLEM writedown resulted from share price doubling from when the deal was announced to when it closed. That had been sitting on balance sheet. (APHA should have a nice writedown on TLRY merger also sometime in future)
- Wholesale revs will decline q over q unlike last year when they grew q over q
- seems like they are experiencing lots of red tape re their international sales, export permits etc... I think some of this due to fact it is new area of business for them so much of this has been pushed to late q1
- I think they mentioned booking a large order for Australia in January as well
Otherwise tone was generally positive.