Sunniva Inc SNNVF

RE:RE:California Dec Rec Sales

[EquityInvest]

GOTMONEY wrote: Hi EI. Yes, Sunniva have 4 extraction agreements in California so while they are still stockpiling their own branded products for a concentrated Q1 launch, they've been generating revenue since at least July by working with other companies and manufacturing their oils and extracts for them, as well as their cartridges and hardware. These brands are already for sale, so presumably they benefitted from any increase in sales!

G

Thank you Gotmoney.  Based on the info you have provided, the increased rec sale in CA this season would positively affect SNN's revenue for the Q4 2018 and we can expect significant sales revenue in Q1 2019 once they start full distribution of their own branded products.  This should provide increases in operational cash flow and mitigate the immediate need to raise more capital.  
I also hope that mgt provides some update on its supply agreement with CGC.