Post by
MisterAllan on May 20, 2020 6:16pm
Got an answer from IR
In regards to your question on inventory, of the total inventory, $26.4M is in finished good form. This for the most part consists of whole cannabis flower that we are confident in our ability to sell.
From a distribution perspective, we expect our humble+fume partnership reduce instances of sell-outs and drive sales through new retailers. This innovative model will be operational in Q4, executing against the market audit that was completed in Q3. With humble+fume accessory products currently distributed to over 85% of cannabis retailers, we expect this partnership to have a strong impact on our recreational distribution across Canada.
As you noted, the sales into Israel last quarter sold through quickly and performed very well. BOL has submitted for an additional import permit and is looking at opportunities to sell additional Truverra product through their network. We are pleased to build the Truverra brand and create this new revenue stream.
Comment by
Dunworkin2 on May 20, 2020 7:26pm
Appreciate your sharing this, sounds like they have taken steps to remediate this, time will tell. $26M in finished good form being mostly flower. Wow! Summer is here, get the product out and into retail hands so they can move it for us. Give the people what they want :))
Comment by
Vulcan on May 20, 2020 9:22pm
sounds very promising thanks for sharring info .. appreciated cheers
Comment by
maritimedreamer on May 21, 2020 8:46am
Thank you for this information!!! some helpful information there. Quick and probably stupid question..... Does 'submitting for an additional import pertmit....' mean they are making a new order? I'm not familiar enough with inport/export restrictions and processes. Also sounds like BOL is exploring a few other options as well?