RE:RE:RE:RE:RE:shorts you need to start runnunghassy wrote: Oilspecs wrote: enricoswava wrote: That's why you listen to conference calls.
Your remarks are speculations and ill founded
" I guess they will try to explain it today? What is there to explain? "
and YOU can explain it....sure.
It's at 10 am try to listen and then you can post your garbage.
The numbers speak for themselves, you ignoring that is the problem. Blaming me won't help that. Were you not expecting more sales in Q4? What don't you understand there?
Here is what YOU dont understand- page 13
"The decrease from Q3 2019 to Q4 2019 is the direct result
of the timing of sales in Q4, not meeting the requirements to be reported in the current period. These deferred sales of approximately $5 million will be reported in the first quarter of 2020. Total grams harvested in Q4 increased by 238% from Q3 2019 to 10,535 kgs."
there you go. stop crying the doom & gloom.
Are you for real? I know Starseeds sales were not in Q4, but where were Weedmd's sales? CX has had ample supply to extract, yet they choose not to make even gummies the #1 selling items in the US.
You do know how a business works right? You make products and sell them at a price that is profitable for you and competitive with other products. Where the hell are the sales from the prerolls?
The reason this tanked and will continue to tank to new lows is because everyone was expecting at least 6-9 mill MINIMUM on Weedmd's earnings ALONE minus major costs from the acquisition. They CLAIMED they were doing 12,000 prerolls a day plus CX running? Where the F is the money? Just like last October they claimed with the new rooms they were harvesting 50,000kg including the outdoor. It is almost a year later and they have not harvested 1/4 of that with quarterly sales of NEVER more than 3,000kg. Q4 was an absolute joke, 23 million in accounts payable. 2.4 million net? Is this real? What planet do you live on where you see things changing?
In the earnings call they even said they are not getting into vapes sales for months and MIGHT make 1 more 2.0 product this year.
Omfg, this is so bad that it is laughable. They lie more than any other LP and openly say they will not be profitable till at least next year and you give them a pat on the back and defend them.
I was very optimistic for Weedmd in the past and thought they would be a front runner with CX, but their lack of sales and leadership while having all the right tools has changed my view drastically.
Just terrible..........Cannavenger was right all along only I had my blinders on and I was delusional believing their lies. I sold everything before yesterday's close and will never buy back, good luck guys and farewell.