Ventura Cannabis and Wellness Corp CVHIF

Can BLVD turn a profit in Q2?

[Xiawen13]

In milions of $ from Q1:

Revenu of 7288$ but a real cash inflow of 5310$ (you have to deduct the account receivable cash flow deficit of 1978$).  

However an increase of our account receivable net of doubtful allowance of 706$ during Q1 so we have actual revenu net of doubtful allowance of 6000$ during Q1 (this basically mean that some of or addional billing will show in futur quarters)

Now our expenses (without start up cost, staff reducation cost and real estate purchase) but including amorization and stock base compensation seems to be: 7269$

So our real operating deficit seems to be 1269$ per quarter.  

You can do the same calculation by starting with the negative cash flow of 7000$ and adding back the one time items: (2191$ start up cost, 2400$ real estate, 800$ staff reduction cost, 600$ effect of foreign exange) = 1000$ deficit

So basically the question is can we become profitable.  We need between 1MIL and 1,5MIL$ . If we assume a decrease in operating cost from staff cut and an increase of revenu from 5 new facilities it seems achivable soon.  But the market now is on a watch and see mode

THAT IS BASED ON MY APPROXIMATE CALCULATION AND THAT S AN OPINION - PLEASE DO YOUR OWN RESEARCH. I HAVENT CHECKED ALL MY NUMBERS SO THE ARE MISTAKES ABOVE FOR SURE