RE:Q1 Revenue EstimatesFrom the conference call: 1) revenue is recognized when the product is shipped; 2) the first ship to Ont. was in Q3; 3) the first ship to Alberta was in Q1/20; 4) each month in Q1/20 sales doubled; 5) Q1 sales would be all retail (branded); 6) all Q1/20 sales would reflect VFF’s increase in ownership; 7) Q1 sales to Ont & Alberta were ~ equal; and 8) the 28g pricing was targeting the buyers in the black market.
Hope that helps. IMO this is not a short term story. Once D2 is growing and throwing out cash flow the story will be told as PSF should be able to pay handsome dividends at that point.