FinancialsFrom MD&A:
"Selling prices – selling prices are based on the Company's actual historical average selling price per gram for the preceding nine months. Estimated selling prices average $6.43 for cannabis flower and $2.39 for cannabis trim."
"Average cost of production and operating expenses of approximately 60% of revenue"
Also worth noting that:
They would have reported net income for this quarter if not for unrealized loss on Blissco shares of $2.4M.
Sales were a little less than I was hoping for but in the first month or so of legalization, people would have been trying lots of random products. Word about the quality is spreading, so I believe the real traction will be reflected in the Q3 revenue number.