OTCPK:NCNNF - Post by User
Post by
ipanemaon Sep 30, 2019 7:44pm
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Post# 30179786
Financial Statements Clarifications
Financial Statements ClarificationsI have 2 questions for management having read the year end financials. Firstly how can the finished inventory of 485,595 grams be valued at $3,945,121 which is $8.12 per gram when the stated sale price for indoor product in note 5(a) to the Fin Stats is $5.00 a gram. Is there a typo or am I missing something?
Secondly in the same note it states that the expected yield from outdoor plants is 40 grams per outdoor plant. If 250,000 plants were planted at the Good Farm that works out to 10,000,000 grams or 10,000 kgs. Where does the forecast 40,000kgs come from? Again is there a typo or am I missing something?
GLTA