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48North Cannabis Corp. NCNNF



GREY:NCNNF - Post by User

Comment by ipanemaon May 28, 2019 4:55pm
105 Views
Post# 29779657

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Bottom

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Bottom I read that as $5.00 selling price per gram in the first bullet of Note 5 a) so perhaps if we dedcut 33% and get to $3.34 we could have the cost that inventory is being carried at. I do note though right at the end of note 5 at the top of page 13 there is reference to 4 kg of flower at $20,425 which would support your thesis. Either way carrying unsold inventory at $5.00 leaves little (maybe even none) gross margin on sale IMO. I would prefer a more conservative. approach. Of course with farmed product soon to hit the shelf all will change. For the better I assume. Again, I would like to see the bulk of the profit relaized on sale and not anticpipated by the voodoo accounting of Fair Value Adjustments.

It will be interesting to see their approach to valuing the crop in the field at June 30....lol.

GLTA
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