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Molecule Holdings Inc C.MLCL

Alternate Symbol(s):  EVRRF

Molecule Holdings Inc. is a Canada-based licensed producer engaged in creating cannabis-infused beverages (CIBs) for the Canadian market. The Company operates through one segment being the production and co-packing CIBs. The Company produces drinks to provide opportunity and choice for people seeking a convenient and social way to consume cannabis. Its brands include PHRESH, embody, CANAJO and KLON. It is also focused on growing both its portfolio, and the overall cannabis beverage market.


CSE:MLCL - Post by User

Comment by dart321on May 23, 2022 12:10pm
139 Views
Post# 34702158

RE:Consulting fees

RE:Consulting feesHere is the working capital issues in the Canadian pot business. Most public or private businesses have a working capital turnaround time of less than 30 days so duing a quarter the company could turn its cash flow over three times. When your dealing with govs that turnaround time is atleast 90 days sometimes up to 120 days. Hence the cash flow turnaround is once per quarter in this pot busness so larger amounts of working capitial are needed as the orders increase until it reaches a point where the turnaround cash balances with the increasing orders. Because this company has been raped of it's cash due to consulting fees it doesn't have enough cash on hand to keep up with orders and will fall farther and farther behind until those stores ordering their products just give up ordering. Their license has to be ammended again to allow them direct sales to stores then and only then will the turnaround times drop.
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