OTCPK:NCNNF - Post by User
Comment by
Ric001on Apr 07, 2020 11:24am
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Post# 30886676
RE:RE:RE:Strategy
RE:RE:RE:StrategySales to the SQDC were lower by about 30%, as we transitioned from online sales to in-store sales, which caused a couple of weeks of not having product available in Qubec. We believe that this is a temporary issue, but ultimately beneficial to the company, as the online product sales are treated as consignment sales, whereas in-store products are considered as sales upon receipt. We expect that provincial sales will continue to become a larger percentage of our cannabis sales. And this is consistent with our transition plans to focus on branded product sales in the adult cannabis marketplace. We believe that by increasing manufacturing capacity, we will be able to increase the volume of pre-roll and baggable flower to the marketplace.