RE:RE:RE:RE:RE:RE:No News Obviously I'm the tyurd? Lol dude you shamelessly pump HEXO IS GONNA KILL US on companies that dont even grow pot. You're clueless when it comes to hiding your intentions and need to work on your deception tactics... Also, lets look into that Zenabis issue a little further young fella... ZENA is shittting the bed because they dont have their packaging facilities up to snuff and cant get their act together. THEY FORSEE continued pressure under the wholesale model... Which really translates to... "If people dont want your product and arent buying it, we wont be stocking a mass supply of it unless you drop the price." And this is only their opinion and reasoning as to why they're going to have a weak quarter. Meanwhile ALEF has already come out with saying we will have a profitable one.
Just like Hexo, people arent too hot on what ZENA has to offer. That being said, all those who didnt come up with good supply agreements in more markets than Canada are going to have issues... All those who dont have formulations like capsules and pills and the like are going to have issues... All those who arent on the medical side with recurring customers are going to have issues... All those who came out with MASSIVE fluff news like "We're going to have a 3.5 million square foot facility" are going to have issues...
All those who will be growing at a 0.25 CPG and turn it into derivatives are going to smack the stupid companies on the bottom while they steal their market share cause their dumb.
Nuff said.
"In August 2019, Zenabis replaced its original packaging equipment (for bud jar filling) at Zenabis Atholville with new packaging equipment intended to achieve output of 30,000 units per day (equivalent to more than 90,000 grams per day at current average volumes per jar). During September 2019, the new packaging equipment was not able to achieve its expected output. Instead average output in September was 6,276 units per day, resulting in completed bud filling of only 517 kg (this excludes pre-roll packaging and bulk packaging). As a result, Zenabis was not able to package, ship and sell all of its product cultivated in August and September that had been destined for provincial counterparties, causing a delay in achieving the Company's expected revenues. With focused troubleshooting, Zenabis has now achieved primary packaging output of 11,643 units per day, on average, during the 14 days ending October 20, 2019, with a maximum of 22,416 units per day. In addition, Zenabis has moved the original packaging equipment at Zenabis Atholville to Zenabis Stellarton and is in the process of ramping-up packaging at Zenabis Stellarton (bud filling commenced October 10, 2019 and pre-roll packaging commenced September 11, 2019). Zenabis expects that, as of November 2019, the Company will have surplus packaging capacity, and that there will be no further delays in the Company's ability to package, ship and sell all of the product cultivated at Zenabis Atholville.
Currently, indicative demand from provincial counterparties exceeds forecast supply of both packaged flower and packaged pre-rolls for October 2019 through January of 2020 without further reductions in price. Indicative demand does not necessarily translate into actual demand, as the planning process with provincial counterparties may not result in firm volume indications until two weeks prior to a shipment, with purchase orders at times being finalized within days of shipments. As ramp-up of Zenabis' facilities and the facilities of competitors occurs, Zenabis expects continued pressure on wholesale pricing to be applied by provincial counterparties.
In September, Zenabis packaged 650 kg of bulk product and shipped 190 kg, with the remainder held over for shipment to bulk counterparties in October to meet prepaid supply agreement commitments. Zenabis packaged 732 kg of flower and pre-rolls for provincial counterparties in September and shipped 462 kg. Zenabis also shipped 174 litres of oil products in September"