Nutritional High International Inc. Ordinary Shares 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.