Inventory out of ControlLove the concept but operationally continues to struggles. The factory that inventory levels are up over 110% (10.879M vs 5.148M) at the same time the provision for invetory spoialage is down makes no sense to me!. You are an organic food company. Your product has a short expiry window. You put on a real provision then all of a sudden EBITDA might go negative.
They stuffed the main distribution channels and the sell through from aggregate demand wasn’t there for their 3 main channel partners. Now you are stuck with all this inventory.
With 5M in debt and no cash exsisiting shareholders are going to continue to be diluted away. On a per shre basis no growth.