OTCQX:NXGWF - Post by User
Comment by
Lynx9on Oct 25, 2021 12:08pm
132 Views
Post# 34045454
RE:Q3
RE:Q3So, What am I missing on these financials!? EBITDA is up, debt managed, sales have adjusted after Q2 and inline with previous Q's. What am I missing and why the sell off? Newsletter sell off, disgruntled insider?
"After an uncharacteristically down Q2 due to adjustments in our market strategy, we've increased revenue by over 30% quarter over quarter in Q3. Internally, we knew our Q2 results were a one-off and this earnings release is a big first step toward proving that to our valued shareholders. Additionally, the release of our 2.0 sauce carts in the coming weeks will add to our premium quality product line and further our long term high margin objectives. Combined with the fact we've increased flower yields by 15% year over year, we are well positioned to continue growing revenue over the next several quarters while we expand production capacity and integrate into retail. This is just the beginning!"