RE:Profitability We are not close to turning a profit yet. But it will come.
WeedTheNorth wrote: The last quarters, the company has been expanding to 10x their ability to supply product without the ability to sell 10x of their product. Now we don’t really have a sales restriction. Between Canada medical and Rec, German medical, and all the other countries in various stages, every grown gram should be able to be sold within the same quarter, give or take.
now comes the value. We are growing, packaging and shipping to medical patients door for $2.50/g. The question is, what is the revenue collected for the 68,000 kg MOU recreation sales most likely at a wholesale price. We sell into Germany for $13+/g. We make the total margin on medical sales in Canada.
with the ability to match 10x cost with 10x sales, we will be pumping profits, certainly by the next quarter, if not thinly by this coming one on the 14th.
GL all, 4 month wait at the most to see the difference between Canopy and those other suppliers.