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BLACKROCK Municipal Income TRUST > 3 Reasons Canadian Pot Stocks Could Crush Earnings Expectati

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Comment by quinlashon Jul 24, 2020 10:06am

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Post# 31313557

RE:RE:RE:3 Reasons Canadian Pot Stocks Could Crush Earnings Expectati

News of the deal with Israel came out on July 9th, most companies bill on a 30 day cycle therefore August 9th is a reasonable expectation that the sale will be recongnized as revenue within the 4th QTR report.

Sale of product from a wholesaler to a retailer is shown as revenue for the wholesaler despite if it sells or not by the retailer.

Value used as apx size of the sale was taken from an article I found. I do have to correct myself through. I indicated size of sale. The article notes NET PROFIT.

Taken from Article

A medical cannabis deal with Breath of Life International was signed for 2 years. This deal closed in the midst of economic uncertainty. The first shipment of 493 kg of cannabis had already reached the client. Although no details were provided on whether the 493 kg shipment is an actual sale transaction, this shipment does approximate to ~$640,000 in net profits

Link to above mentioned article
https://seekingalpha.com/article/4360046-hexo-this-is-long-game-worth-waiting-for

Quietinvestor wrote: Mr. Q. First it should be noted that HEXO shipped 493kg, not that they sold 493 kg. Am sure you realize the difference between shipping and revenue from sales from your research.. Will be the same for beverages. They will be in stores but will then need to be purchased before revenue is recorded, or it will be carried as a loss on the books How much is sold in Israel is unkown. There are many other LPs of medical MJ in Israel, selling medical MJ. Hope it works out for us.

Both the news about Israel and vape pens have had little positive impact ion the SP. That worries me.

Lastly OGI's poor recent quarter paints a different view of what could be happening with LPs. Hope HEXO sees an increase in sales, but it could be flat like OGI.

GLTA