RE:RE:RE:RE:RE:RE:RE:RE:RE:ACB CEO steps downI figured $10mil of flower from inventory for round figures...the other ~$9.5mil will either be sold or remain in inventory until they are written down or written off.
Your apportioning looks pretty decent but your $23mil could be closer to the $30mil you mentioned, depending on the status of the packaging process....I think this shift from B2B is a major game changer for the company. The CPG system will more that pay for itself in a hurry. Add Griese to the mix and this will move this company along to where they go much quicker...not too mention securing financing, the Griese NR came out a couple of weeks after the $90mil BMO LOC.
If the numbers aren't there next week they will for current quarter and much better for FQ4/20. The sooner the T-trimmer operation gets up to speed the sooner we see real green for a change....and there will be more of the ACB type pain out there for a while yet and FIRE's trajectory will be on the incline, just how steep, how fast. JMHO...Opt
johnale wrote: "Finished goods inventory consist of dried cannabis flower and trim that has been processed and is available for sale. Work in progress inventory consists of harvested cannabis plants that are in the processing stage. Cannabis distillate oil is a liquid cannabis concentrate that may be sold in the wholesale market in its current form or further refined in non-flower consumable products."
from their financials 2 quarters ago. its in there.
the 16 mil in finished goods unsold is mostly trim - confirmed from IR. they held it back for the pre-rolls and oils/vapes future quarters.
work in progress - is about 50/50 flower and trim - so about 3.5 mil flower -
all in all production this q should be about 22.5mil flower (conserv side)
Its hard to determine packaging ability - bc they could run shifts and overtime and 7g vs 3.5g ratios and really push to get product out the door.
My numbers are:
18mil - flower rec sales
1.5 mil - Bliss (cbd/BC sell through was high)
1.5mil - pre rolls/KKE/truverra
2 mil - wholesale
23mil total -
I think if the wholesale market was there - could have seen the 30mil range. But doesn't look like that will be there.