RE:RE:RE:RE:Pick and pay areaLike Nevada or NY with that portable line??? MnA with spare change from hat sales??? Maybe they have enough to buy out Isodiol!!!! Really, Mushrooms are mushing your brain cells.
sneakysneaky wrote: No, you're wrong, and I am right.
"The net proceeds from the Offering will be used for working capital, capital expenditures, marketing, establishing new business lines and exploring potential mergers and acquisitions. The Company may complete additional tranches of the Offering from time to time in accordance with applicable regulatory requirements."
Tinley's isn't spending $ like a drunken sailor. PP's have been with minimal dilution thus far, and fairly small raises kept the company in check, compared to peers who've spent recklessly in the sector.
Tinley has achieved positive gross margins.
This literally means the opposite of what you are suggesting, you self proclaimed genius.
"With early revenue in Q3, Tinley has already achieved positive gross margins, which we expect will continue to improve as we execute our growth and improvement plans at our Long Beach facility. This reflects the strength of our scalable co-packing business model combined with manufacturing process and supply chain improvements for our Tinley’s-branded products. Given the nature of our co-packing business, where most costs are fixed, we expect our margins will continue to strengthen as volume continues to meaningfully grow. We also expect the activation of the on-site distribution licence to further drive additional economics from each drink produced."
With these advantages in hand, Tinley’s is able to pursue multi-state opportunities as well as expansion into additional provinces across Canada.
To illustrate an example of a gross margin calculation, imagine that a business collects $200,000 in sales revenue. Let us assume that the cost of goods consists of the $100,000 it spends on manufacturing supplies. Therefore, after subtracting its COGS from sales, the gross margin is $100,000. The gross profit margin is 50%, or ($200,000 - $100,000) / $200,000.
Gross margin is net sales less the cost of goods sold (COGS). In other words, it's the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations. The net sales figure is gross revenue, less the returns, allowances, and discounts. Tinley has 0 debt.
I know that's hard to understand after being traumatized investing in Hexo's gobblegook.
Almost doesn't count!