OTCPK:NWKRF - Post by User
Comment by
TruthAboutHipon Aug 11, 2018 5:17pm
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Post# 28445314
RE:$10 per gram
RE:$10 per gramOkay so let's look at this through the lens of $8.84 per gram. This means Newstrike currently has less than 1,000 kilos of marijuana. So if you assume that they calculated their inventory based on a higher price they have less weed and if you assume that they based it on a lower price they have more weed. The question here is what scale they are basing their financials on ? Or are they playing both ends to maximum benefit ? They have included a @ $2 million increase in the valuation of their inventory in these recent financials which will only be reflective of a market which can support this inflated valuation.
If they cook things with a valuation which is high on the end of "actual value" and low on the end of "inventory" then you get a much rosier picture. Get it ? So the most important question still exists, how many kilos of inventory do they actually hold ?
I think that is has been reasonably expected across the industry that suppliers of MJ will get roughly $5 per gram wholesale. The $8.84 price is possibly related to actual consumer costs but even that will be considered high in the near future. Unless Doug Ford comes forward with a buck a joint incentive program prices will be reasonable at $4-5 per gram wholesale with around $6.50-$8.50 for consumer prices.
That's what I think.