TSXV:EVE.H - Post by User
Post by
reallyBobbyZon Nov 13, 2020 3:24pm
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Post# 31896844
PUMPER "annoyed" by 5 TONS to NextLeaf being Written Down!
PUMPER "annoyed" by 5 TONS to NextLeaf being Written Down!Unbelieveable!
GreenSavage seems to think 5 tons of old, potency reduced MJ sent to NextLeaf to be made into distillate is good news for EVE's Financial position.
EVE uses average RETAIL PRICE to value its INVENTORY.
EVE will "share" in any profit made by NextLeaf when it sells the distillate.
EVE will get a MUCH REDUCED per gram price for this 5 tons. Way below the "average retail" EVE has it valued in its books,
This will result in a HUGE Inventory Writedown. That hurts EVE's financial position.
BRUTAL BIZ FACT.
Cheers, Bob