RE:Info.I like the cash position, no debt, long term sales contracts, margins and PS Ratio, which is high at around 23 but still far less than industry averages.
I don't like the increase in marketing costs and hope they are front-loaded and not required to rise in proportion to rev's next qtr.
Market didn't seem to notice today. Hopefully Israeli legalization brings more attention to this one. With a 225mil mkt cap this could be a grower.
Good Investing All!
Seppi2019 wrote:
As at June 30, 2020, the Company had a working capital surplus of $27,305, compared to working capital of $9,124 as at June 30, 2019. The increase in working capital of $18,181 was primarily attributable to the YWi^ hW_i[Z \hec j^[ <ecfWdoti [gk_jo \_dWdY_d] and exercise of warrants and broker compensation options. As of June 30, 2020 the Company had an unaudited cash balance of $13,221 and no debt.
All amounts in the MD& A are expressed in Canadian Dollars ($) in thousands, unless otherwise noted.