GREY:NCNNF - Post by User
Post by
Zingiberon Jul 17, 2019 7:52pm
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Post# 29932249
Can You Imagine?
Can You Imagine?"Organigram said it cost 95 cents to produce a gram of dried flower in its most recent quarter. That was up from 65 cents in the previous quarter but still compares favorably with $1.42 at Aurora Cannabis Inc. and $1.48 at Tilray Inc."
Can you imagine a cost of $0.25 per gram for dried flower?
"Organigram .......reported its fourth consecutive quarter on Monday of positive adjusted earnings before interest, taxes, depreciation and amortization, or Ebitda. Revenue of $25 million missed estimates and gross margin fell to 50 per cent from 60 per cent in the previous quarter, but Eight Capital analyst Graeme Kreindler said he views this as an “isolated event” related to a temporary change in cultivation protocols and the timing of shipments to provinces."
Can you imagine a gross profit above 80%?
Organigram is an anomaly in the Canadian cannabis market place. Can you imagine 48North being another anomaly?