OTCPK:NCNNF - Post by User
Post by
Zingiberon Jun 20, 2019 9:18pm
154 Views
Post# 29847391
Canopy Growth Financials Are Out
Canopy Growth Financials Are Out CGC latest financials.
"The gross margin percentage decreased during the year from 48% to 22%, largely driven by the continued expansion work on several of our large-scale greenhouse facilities throughout the year, resulting in under-utilization impact in cost of sales. The impacts of under-utilization continued into Q4, resulting in a gross margin percentage of 16%, which is down from 34% in the corresponding period from the prior year, and 22% in Q3."
Not good!
Now we should appreciate how well 48North is managed! Gross margin is a key metric. Thank you Jeannette VanderMarel for sound management of the production side.
48 North Cannabis is most likely the best managed cannabis company in Canada.