GREY:BLEVF - Post by User
Comment by
Wallhallaon Dec 09, 2019 9:49am
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Post# 30435414
RE:WE NEED TO ADDRESS THE ELEPHANT IN THE ROOM
RE:WE NEED TO ADDRESS THE ELEPHANT IN THE ROOMCFO committed to having packaging and shipping costs down by 60 - 70 % in the next few months. It was not clear what percent of COGS packaging and shipping represents, but let's assume it is 80% of COGS and they reduce it by 70%, this would be a net reduction of 56%, which would leave them with a COGS of $0.64 per every dollar earned (based on last reported revenues) or a 35% margin.
iPhilanthropic wrote: OUR COGS!!! It costs us more to produce a gram than what we sell it for!
it is an integral part of our survival story that we get Hamilton online!!!