Next financials will be great - a bumpy ride until thenif you look at the facts - not all this BS that people are posting:
- they have minimum $25 mill for this quarter. With COVID and edibles/ vapes, I'm guessing a little over $30 mill.
- they laid off 400 employees at the beginning of the quarter. at $600k payroll every 2 weeks - that's 7 payrolls // $4.2 mill saved but it cost them $600k in severance to do it. so $3.6 mill on the plus side.
- all building and capital expenditures have ceased.
- no more flying around to meetings and promotional costs.
- they are still producing and selling the inventory on hand.
I predict a positive EBITA of $6.2 mill for next quarter.
One of the only Canadian LP's that will have positive results and the share price will be up to $4 - $6.
GLTA