RE:RE:RE:Waiting the Q1 2020 FR !!! I’m liking what I am seeing here, despite revenue being lower than I would have hoped. Revenue up slightly from last quarter. Expenses down significantly. You can see the drop in expenses quarter by quarter in the MD&A. Revenue continues to fluctuate, but that is normal in retail. The real story here is the drop in expenses.
This time last year roughly the same amount of expenses brought in only 87K of revenue. In 2019 the same expenses brought in just over 500k. East is getting closer and closer to profitability.
Unnecessary expenses dropping will be a big part of that. We still need to see more on the other end, with further increases to revenue. Looking forward to future quarters when CBD sales are finally on the books. Still no actual sales reported from U.S. operations.