Nextleaf Solutions Ltd C.OILS

The need to reduce costs

[GreenWave85]

I've previously made posts on this before but it seems fitting to do it again. With Revenue no where where near what was expected; the company would be prudent from a buisness standpoint to evaluate their expenditures and reduce costs and compensation levels where posdible in order to help the bottom and show that this company has viability and value. We all know by now that News Releases, additional patents that don't generate revenue and saying the word "disruptive" won't entice the market or bring value to shareholders. Financials matter. Cash Flow matters. Viability matters. Who wants to make a long-term deal with a service provider who burns cash and raises capital every year? It signals that their operation is a losing one, and that it might not even be around 2 years from now... The cost of revenue is currently to high and it is weighing us down like a ton of bricks. I want to see this company make money and make money for it's shareholders. I don't think pretending that everything is 100% and looking the othe way is the best plan moving forward. NextLeaf, you need a strategic procurement plan moving forward and a review of your expenses.

[ilvmyt5s]

"NextLeaf, you need a strategic procurement plan moving forward and a review of your expenses."   What's a strategic procurement plan? Is OILS going to buy something?

[GreenWave85]

Great question! Procurement goes beyond the purchasing of hard assets. If you're going to outsource services ie enter into agreements with consultants to complete work or the logistics of moving flower into the facility and or finished product out, are just a couple examples of how procurement plays a role in the company.

[ilvmyt5s]

Thanks for your thoughts. I was a purchaser for ~5 years. 

[ilvmyt5s]

With the new plant going in on the east coast Nextleaf should hire a purchaser! A good buyer should be able to save a company enough money to cover their salary and then some.