Q2 Inventory Numbers So I'm trying to find something positive with Canopy (not easy at this point) but their inventory numbers look OK going into Q3.
on Note 7, page 11 of their financials are the inventory numbers at end of Q2. They have $131.5m in Finished Goods which is product that is packaged and ready to go out the door. They have $280.1m in WIP so it has been harvested but not turned into a finished product and packaged and then out the door. They also have $50.2 in Supplies & Consumables(SC).
Therefore, they should sell all of the FG at $131.5 and at least 10% of the WIP ($28m) and $5m in SC. So rounded it's $160m in gross revenues less another $30m in returns because these idiots still can't figure out what consumers want. Their Q3 revenue should be at least $130m as my early prediction, but then again, I had faith in them last quarter and look what it got me.