GREY:BLEVF - Post by User
Comment by
Can4realon Feb 22, 2020 1:46pm
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Post# 30721318
RE:RE:PLOT TWIST: Big boys fall & small players thrive!
RE:RE:PLOT TWIST: Big boys fall & small players thrive! I just want to make sure you understand before you make that statement. You do understand that if you account for biological assets correctly, revenues are supposed to equal your cost of sales since you cannabis inventory is measured at selling price less cost to sell. Income on the biological asset is recognized as it grows as it's measured at fair value. Most retail investors dont understand biologocal asset accounting which is quite complex. Even most accountants dont understand biological asset accounting lol.
The number which everyone should be looking at is the impairment on their inventory. Hopefully there isn't a large write down on the next earnings as their was in the previous quarter.