RE:$42M in inventoryTran….All the years I’ve read this board I truly value your input and insight & would like your take/feedback on the following (emotions aside from today numbers).
The past news releases have been pretty clear about the company’s transition & focus away from Wholesale. This specifically stuck out to me in the NR..
“In Q2 2020, wholesale sales accounted for 38% of net revenue compared to 54% in Q1 2020. Supreme Cannabis’ remaining wholesale flower supply agreements came to an end, which contributed to lower quarter-over-quarter wholesale selling prices and sales volumes”
Letting those agreements come to an end was key in making the transition. It would also provide the necessary inventory for “humble-fume” to do what they're good at without worrying about filling orders. I know it’s horrible to assume, but what’s your thoughts on the Q3 numbers in May easily tripling/quadruple?
Although in sucks in the short term it does look like it’s a setup for the second half of the year. Also, I thought in a past release they mention holding back trims as well to support their oils and other products (correct me if I’m wrong).
Your feedback and insight would be appreciated!
Tks.