GREY:DLTNF - Post by User
Comment by
MickeyTJon Mar 31, 2021 9:04pm
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Post# 32920128
RE:RE:RE:Retail!
RE:RE:RE:Retail!Interesting results!
I'm curious why the second consecutive quarter of big impairment charges of biological assets. This last quarter, the impairment charge (~$2.7M) is almost 20% of total revenues. Does anyone know exactly what this is? Is this a writedown of bud that went stale? And why did this start suddenly in Q3 of last year, but prior to that (the previous 2 quarters) there were no losses.
Also, on the projected run rate, I think it's very easy to assume that with each additional store brought on board in Winnipeg there will be a linear growth in realization of revenue but we have to be careful. When D9 opened the St. Vital store ways back I drove all the way from the far end of the city, and I'm sure others did as well. As more stores come on, all the people flocking to one or a few stores previously, will be spread out among the new stores, lessening each stores revenue. Put another way, there will no doubt be increased overall revenue, but the revenue will start to 'flatten'. I could be proven wrong, but do an average store revenue now, and compare it end of the year.
Overall I like the numbers, still no positive EPS, but moving there!