RE:RE:Motley Fool postedIf part 4&5 licence comes in next two weeks, the capacity will increase just in time for centre of excellence. That is where the difference is made. Aphria will be ready for roll out of edibles in october. We just need that HC licence soon.
Donbgamecock wrote: Progressive wrote: That organigram is outperforming aphria...just wait until aphria releases there next quarter. Yes organigram did great but once the other release next month this sector is going to explode.
Without PIV getting licensed, we will not see a drastic increase from revenues from this last qtr. Remember that last qtr’s big revenue stream was from selling LHS and Hiku for $85M. Hopefully this qtr we’ll see some cost reductions and increased revenue from: selling more inventory, LATAM operations, and 1-1/2 months CC Pharma operations. We wont be doubling revenue QOQ.
Even if PIV were approved this week, first harvest and resulting revenues wont be seen until May. 1QTR2020 will be the first full reporting period for P1V. This is why its so important for HC to get on the stick and get PIV and V approved. The extraction center will also have to wait for approval.