RE:RE:RE:RE:RE:RE:RE:Any one catch the call??They did $18mm net in the first 6 months this year, in the midst of the coronavirius, where consumer spending habits shifted dramytically in Q2. The negative gross margin was because of 1 time non-cash charges. Back those out, b/c they aren't reoccurring, and gross margins are 50%.
They will clear $40mm net this fiscal year and there is a ton of new product formats that already have order commitements. Mary's will be a hit on both the medical and rec side. There are ZERO thermal patch offerings currently in Canada.
The cash breakeven number is closer to $50mm. Current Top line revenue intiatives gets them to 2-3x the current annual revenue run rate in the next 12-18 months.
This is not conjecture, these are facts.