Supreme Cannabis Company Inc. (The) T.FIRE

The Supreme Cannabis Co Inc is a Canada-based company engaged in the production and sale of medical and recreational cannabis. Its portfolio includes products that address recreational, medical, and wellness consumers. Its brands include BlissCo, Truverra, 7ACRES, Sugarleaf, and Hiway.

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Supreme Cannabis Company Inc. (The) > Sales Taxes

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Comment by Methodon Sep 29, 2020 5:52pm

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Post# 31639339

RE:RE:RE:RE:RE:RE:RE:RE:RE:Sales Taxes

Your opinion was wrong this time. I was referring to this footnote on page 17 of the 2020 AR:

"Average selling price indicates price per gram equivalent, net of excise tax and discounts and returns provisions."

And again selling price as this line refers to is not talking about top line revenue which is described as "Gross Revenue" in the Income Statement. It refers to net revenue which is net of the excise taxes I think you are referring to but you didn't answer the question for some reason.

watchmeplz wrote:
In my opinion,
are you talking about this line from the financials?

"while the average selling price per gram for recreational sales in Q4 2020 was $5.00"

Selling price which is referring to top line sales revenue, not gross profit, not net profit.

Method wrote:

Are you referring to the excise taxes captured between the gross revenue and net revenue line?

The $5/g pricing they received last quarter was based on net revenue.