RE:RE:Nice Volume TodayThe whole space is dead.
Lotus however is alive and producing quality product, at reasonable cost, and is selling
production with ease. It is a unicorn, it is profitable.
The Auxly deal has been a bonus, it ensures sales at no marketing cash cost.
They provided cash when there was no other avenues.
Next steps are to continue the high production. They need to pursue a sales certification
so they can move up the selling prices.
Bank some cash, with perhaps a shot at expansion.
I doubt Auxly will be back for more.
They need another JV partner with established brands that need high grade production and genetics.
In the meantime, the earnings are going to support the share price as previously burned shareholdes exit the name.
It really is fair value, below book and a low single digit pe mult.