RE:RE:RE:awful is the word Johnale, if I am reading things correctly....technically they did sell more volume, so more grass in consumers hands. but bc the average price sold dropped the overall revenues Was flat. The only products they brought out in q3 were sugarleaf pre rolls dropping our average price besides the retail price drops. No we have jumped from 20 sku to 30 this Q, and some were premium price (7accc and pur dew), so will our average price move back up? We shall see, I'm still absorbing it all in.... grumble grumble....
"Quarter-over-quarter, a 26% increase in recreational sales volumes was offset by a 20% decrease to the recreational average selling price from $5.39 per gram in Q2 2020 to $4.32 per gram in Q3 2020. In the quarter, the Company's recreational average selling price was impacted by the introduction of new cannabis products at lower price points that address new consumer segments, as well as planned price reductions to cannabis flower products in certain Canadian Provinces as the recreational market competition matures. Lower priced products introduced under new brands like sugarleaf, utilize cannabis inputs that are not designated for 7ACRES branded products and thus drive incremental revenue."
All eyes on you Beena,
"In the remainder of fiscal 2020 and in fiscal 2021, I will implement and quickly action changes that capitalize on these existing advantages and create opportunities to showcase our strengths. I see a clear path to increased revenue generation and profitable growth that will benefit our investors, consumers and employees."