RE:RE:RE:RE:Las Vegas tourismI agree the CBD extraction needs to come online ASAP, but the current extraction facility continues to operate in conjunction with the new cultivation facility. I also agree that at this point we do not know the impact the reduction in tourism may have to revenue.
I disagree with respect to their operating costs. You took the annual costs which include the capital costs in building the new cultivation facility.
If you look at Q1's numbers in isolation, you will see they had a total of $5.9M in expenses. Annualized that is $23.6M. That is $10M lower than what you are putting out.
They already hit a $5.24M revenue in Q4, with the old cultivation facility. Thats only $0.7M shy of break even using Q4's expense numbers.
Without the new cultivation facility they have the ability to break even and turn a profit.
Alot of the equipment for the new CBD extraction facility has already been purchased as well as all the major expenses.
Like I said, Q2 will confirm whether they are closing the gap on profitabilty or not.