RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:oil sales.....finally.Chefboy, this is totally off topic but since I see you are a Fire holder I thought I would offer up some unsolicited but hopefully helpful advice that I posted on another board:
Also from the most recent financials
“On June 28, 2017, 7ACRES was granted permission to sell dried cannabis, after the completion of a review by Health Canada. Subsequent to the approval, 7ACRES was able to commence B2B sales of dried cannabis, including the sale of all product inventory produced since becoming a Licensed Producer in March 11, 2016”
i.e. the cupboard is now bare. This is exactly what happened to Emblem, they blew out a whole year’s worth of grow in their first quarter after getting a sales license and then people were bizarrely caught off guard when sales massively declined in their next quarter. You can’t magically grow a year’s worth of product in one quarter so I would be selling after the next financials come out and be looking to get back in on the dip after the subsequent disappointing financials come out (though they shouldn’t be disappointing to anyone that is actually paying attention).
On inventory levels:
Logic would dictate that it would be 1/4 of 379Kg or 95kgs. This would equate to about 380k in revenue which would be quite a dip from 1.5M. The good news is the following quarter should be a massive improvement since it should include sales from the new expansion. There is some good money to be made on this if you trade it properly. Good money to be made on Emblem too since they are at all time lows and about to report their bounce back quarter in a couple weeks