RE:RE:RE:Aleafia Health Q2: An Overview.predawn wrote: the over all pictures looks decent but there is just no excuse at this point in time where the revenues should have ever decreased 34% from the previous quarter and thats whats killing us today
Sales were ok. I was not expecting a big increase there. It was accounts payable that hit people in the head, 16.5 million. I expected it to be high and to get out most of the things before Q3. We should see a big drop in AP for Q3 and 4.
Inventory 39 million, I am suspecting with EUGMP there will be a very large initial shipment, thus the reasoning they are loading up. I actually like the fact that their med,rec sales price dropped. I prefer they sell more for less than the current prices, it means we are more competitive. Bulk wholesale went up from $2.50 average to $2.95. Must be from value added products or oils. Still very positive.
If they harvest anywhere close to 100,000kg, you will see them being even more competitive, and possibly becoming a leader in the space with these unheard of margins. 1st LP to actually make profits!!!!!
Chart looks like a cancer once again, with .49 to be tested tomorrow. If it is not hit tomorrow then .50 will be support. They should have had some news events to release on the ride up to push us higher, that momentum is lost and will need many events to get it back. Oh well, i guess we wait a little longer.......
AHLONG