Nutritional High International Inc. Ordinary Shares C.NHL

Primary Symbol: SPLID

High Fusion Inc is engaged in the manufacturing, processing, and distribution of infused edible products. The company's operating and geographical segments include Palo Verde; Pasa Verde; Oregon; Colorado; Nevada and Washington. It generates maximum revenue from the Palo Verde segment.

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Nutritional High International Inc. Ordinary Shares > Financials

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Comment by stockveton Mar 02, 2019 9:57am

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Post# 29432815

RE:RE:RE:Re: Financials

Calyx only distributes to licensed retail stores. If you look at the article, it says that there was a 60%+ increase in retail licenses between November and New Years. That obviously means Calyx has had the opportunity to expand its reach, thus naturally creating more revenue:
https://i2.wp.com/cannabiz.media/wp-content/uploads/2019/01/california-cannabis-license-issuance-by-activity-chart.png?w=648&ssl=1

You may think that the increase of distribution licenses negatively affects calyx, which probably does to a certain extent, but remember that among those are some as simple as someone on a bike delivering products and such. There are only a few big key players so calyx's market is not disrupted in a meaningful way.

LiquidOctopus wrote: Would that make a difference given recreation use is legal? I'm having trouble seeing why someone would even seek a medical licence now.

stockvet wrote: I think it's also worth noting the significant increase in licenses in California: https://cannabiz.media/california-cannabis-licenses-have-more-than-doubled-since-november/. That it itself should provide nice organic growth to Calyx's revenue.