TSXV:RTI.H - Post by User
Post by
Stickmanon Jul 03, 2020 6:27pm
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Post# 31222670
Ed 2 Update
Ed 2 UpdateNot looking good for fall financials. No demand for Ed 2....... IR response:
There haven't been many movements on Ed 2. The focus currently has been completing orders for Shoppers, increasing distillate production and on vape capabilities. Bulk demand has hit a lull as the industry digests oil and distillate that was made to stockpile for 2.0 launches. The market is shifting to end product manufacturing, which is why we have been working on the sales license and advancing capabilities to do vape products.
Our next earnings are our audited fiscal year end results. The regulatory deadline for filling was July 29th, but that has been extended by 45 days due to COVID. We haven't set a date yet, but my expectation is that we are several weeks away.
Have a good weekend,
Adam