GREY:CBICF - Post by User
Comment by
CWattB89on Aug 30, 2018 10:10am
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Post# 28541922
RE:awful report
RE:awful reportnot sure what the goal of this post is? the entire weed industry is brand new and ignores fundamental F/S analysis. So you decide to post your own here for what reason...?
cueball40 wrote: u guys know how to read a report... they lost 11 million dollars.. The Company recorded a net comprehensive loss of $11.0 million for the three months ended June 30, 2018, as compared to a net comprehensive loss of $2.3 million for the three months ended June 30, 2017. The basic and diluted loss per MPX share for the three months ended June 30, 2018 totaled $0.03 versus $0.01 for the comparable period. The increase in net comprehensive loss is primarily attributed to loss from operations of $5.1 million, interest and financing charges of $2.3 million relating to interest on the ZQ Promissory Note and Hi-Med facility and financing costs for the convertible loan allocated to the conversion options and changes in the fair value of derivative liability of $2.6, million primarily related to the Hi-Med Facility.