RE:RE:The reality is not bright for the future It really doesn't get anymore clear than what the screen says in front of you.
CGC up 15.8% in the open market and at close. No matter what is said, it won't go up and it won't go down.
Shorts want it to go down, Bulls want it to go up.
What is also clear, you are a short! That will never change! No one is looking to be saved, except maybe yourself.
Cheers,
V
Starsearcher80 wrote: Doesn't get any clearerthan that. Thanks Rotaluceps for the effort here to provide a concise synopsis. The numbers paint a grim reality for this company. The company, and the stock, remain untouchable.
Rotaluceps wrote: As I often said, too many competitors.
Net revenue of $141 million in Q3 FY2022 was a decline of 8% versus Q3 FY2021. Total global cannabis net revenue of $83 million in Q3 FY2022, represented a decline of 20% over Q3 FY2021. Other consumer products revenue of $58 million in Q3 FY2022, represented an increase of 19% over Q3 FY2021. Excluding the impact from acquired businesses, net revenue declined 17% and global cannabis net revenue declined 34% versus Q3 FY2021.
Gross margin:
Reported gross margin in Q3 FY2022 was 7% as compared to 16% in Q3 FY2021. Excluding non-cash restructuring costs recorded in cost of goods sold and inventory step-up charges from acquisitions, adjusted gross margin was approximately 13%. Gross margin in Q3 FY2022 was further impacted by lower production output and price compression in the Canadian recreational business as well as higher third-party shipping, distribution and warehousing costs across North America. Gross margin in Q3 FY2022 benefited from payroll subsidies in the amount of $7 million received from the Canadian government, pursuant to a COVID-19 relief program.