TSXV:RTI.H - Post by User
Comment by
lscfaon Jul 29, 2019 10:24am
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Post# 29970205
RE:RE:RE:Sunday afternoon math - extraction of 200 kg cannabis p/day
RE:RE:RE:Sunday afternoon math - extraction of 200 kg cannabis p/dayI think the $19.5 million cannabis purchase will generate about $8.5 gross margin for RTI which is not much more than the $6 million cash burn in the last qtr. (MediPharm gross margin last qtr was 30%)
Damasta wrote: Yes true. I believe that was from midas letter interview when the CEO stated that. That was before they decided to purchase $19.5 million of cannabis that they announced July 7. The news release said - "The company expects this will have a meaningful positive impact on revenues reported at the end of fiscal second quarter 2020 and/or fiscal third quarter 2020". I think 40 million in overhead included Germany, Edmonton 2 and 3. My figures were for Edmonton 1 (56,000 KG) only and included initial capital cost estimated at 10 million. We are in fiscal Q2 2020 now.