Post by
theTransporter on Nov 16, 2020 5:28pm
impairments
When do they stop with the impaiments? These create negative gross margins, although they are a non-cash loss, I just think at some point this should not be an item.
$8.4M was inventory impairment. When do theys top writing down inventory? This is realted to the reduction of their selling price thus devaluing their inventory, but I assume at this point they found their sweet spot for pricing and no more of this.
Comment by
ezemoney on Nov 16, 2020 5:56pm
You really have to glean this impairment relative to other numbers. I don't think it is about reduced market selling cost and alot more to do with worthless weed, maybe old unsellable weed, low thc unsellable weed, etc. The impairment number is too large to be just lower selling prices.