RE:11000kg = 36.85m of salesForm001 wrote: Not bad. Easy to see 20M of profits or .12 of profit per share. .12 x 15 = 1.80 plus .20 of cash= 2.00
Am I right?
I look at it this way..
The 12k kg assuming the quality is adequate, they still will on average come under the cost of $$ per gram than most competition.
You would also have to assume that all the 40k kg would have been sold..IMO, that is a stretch in this enviroment that many claim over supply due to lack of outlets.
They have the cash to do what is required without dilution and IMO looks good for 2020 compared to many in the sector lacking cash with increasing debt. OGI is a prime exaple of that.
Certainly sucks for those who are heaviliy invested here, but the uncertainty made me invest relatively lightly in the sector and IMO the future looks good and is nowhere near catastrophic as some here think.
25 cents cost per gram as was shown , I believe in a presetation in , confused me since alefea came in at 8 cents per gram.
So a lot more went in than came out thus increasing production cost and we are still one of the most cost efficient producers.
A good lesson for sure due to not having enough licensed drying space.