GREY:NCNNF - Post by User
Post by
Zingiberon May 06, 2019 9:21am
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Post# 29714069
48North Reported Highest Gross Margin at 78%
48North Reported Highest Gross Margin at 78%This presentation linked below by TOM THE TRADER was sited previously. If you haven't seen it the 11 minutes it will take will give you an excellent overview of 48North, the business plan, vertical integration and the marketing strategies.
However what impressed me most was the one chart that shows 48North with the highest gross margin of all reporting major MJ companies at 78%.
To me gross margin is an important number as it reflects how well the company's costs are being managed relative to the revenue their products are generating.
With all the talk about expanding production, the outdoor farm, let's not loose site of the upcoming financial report. Given all the positive insider activity I am certain the upcoming financials will be very positive.
https://www.youtube.com/watch?v=eDKgtQpoY8g