OTCPK:SPLID - Post by User
Comment by
LiquidOctopusV2on Nov 29, 2019 11:50am
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Post# 30405814
RE:Guys this isn't that bad at all
RE:Guys this isn't that bad at all I really have to dig deep into the numbers and I won't have time to do that for a while. There were two things that jumped out at me last night that I want to pry at: They've lowered their cost of operations significantly quarter-to-quarter (from last this current), which means to me that they've likely started to solve that Calyx inventory issue; and, they're net losses are up quarter-to-quarter for the same period. I'm thinking and will try to verify, that's probably the result of hiring people (both managment, operations and general staff. This could be tough to swallow, while waiting for the results of building those teams to translate in in dollars.
The other thing to note is all of those brands they brought into the Calyx fold in September. It might take two quarters until those products are firmly on the shelves and started to develop a client base. For a product to really establish itself can take years. Let's hope this SoCal expansion shows the early signs of this establishment in short order.
Greede wrote:
our wait time is extended but it looks to me like we will succeed.