RE:RE:Blindside
Alioops15 wrote:
I know how you feel I bought more thinking it would go up tomorrow. The guildance which came out 13 days ago makes no mention of an over supply of cannabis needing to be sold before it spoils. Disappointing indeed.
This is a crop after-all. I don't have an issue with an inventory write-off - we had old product and we decided it would be in our best interest to free up shelf space for fresh product. It's a non-cash paper write-off. Obviously, like all of your it wasn't exactly expect, but I understand the logic of doing it now. If they didn't write-off product it would of led to a bigger write-off down the line.
Sales appear to have bottom lined at 13 mill minimum and we will likely see 15+ next Q with 3 months of Kenaston plus Kolab acquisition / Ontario Suppy Agreement. Our whole sale cannabis business is not our money maker.. it's Retail, albeit, an added revenue stream.