GREY:ALEAF - Post by User
Post by
MrOptimizationon Aug 12, 2020 8:22am
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Post# 31396669
Disappointing results
Disappointing resultsYear over year results are good, quarter over quarter results are horrid.
For the three months ended June 30, 2020 net revenue was $9.8M, a decline of 34% over the previous quarter.
The big driver in reduced revenue is the reduction in the selling price per gram. So they are buying their customer base, at the cost of profitability. Hence another $4M 3 month loss. What's stopping them from selling at $3 a gram next?
| | Three months ended, |
| Operational Results - Cannabis | Jun 30, 2020 | Mar 31, 2020 | Jun 30, 2019 |
| Active, registered patients | 13,285 | 10,983 | 6,959 |
| Average net selling price of medical cannabis per gram(1) | $7.87 | $8.04 | $12.36 |
| Average net selling price of adult-use cannabis per gram(1) | $4.81 | $6.88 | $7.59 |
| Average net selling price of bulk wholesale cannabis per gram(1) | $2.92 | $2.47 | n/a |