RE:9 month revenues to Septyoung_spanky wrote: Revenue of $800k is the 9 months to Sept 30. There was 0 revenue for the quarter, and a loss of $4 million on G&A. The majority of that revenue was for consulting services in Q2 I believe.
Paid out $2 million in stock based comp too (in the last 3 months).
Probably nothing to be concerned with but doubt this will jolt the market in the morning.
Yup, that revenue was from Consulting fees in Q2. Revenue from Sales for October/November will be released 2nd week of December. That is where the SP will rally. CEO is predicting $ 1M in revenue from sales in 2017, meaning Oct/Nov/Dec. 2018 whole different game as the Adult Use becomes legal in California. Numbers presented by the CEO are $ 2M Q1, $ 4M Q2, $ 8M Q3, and $16M Q4. That is $ 30M in sales for 2018. Nice numbers to work with. $30M @ 40% profit= $12M. With a very conservative P/E of 20 times = $240M/128M shares = $1.88/share.