GREY:ALEAF - Post by User
Post by
ShakngMyHead00on Apr 23, 2021 9:15pm
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Post# 33060529
RE: That is foolish Stonk123 nonsense talk
RE: That is foolish Stonk123 nonsense talksthinei wrote: Of course they lost money in q3. They had no production to sell. Niagara was not fully approved until May and they did not commence operations in the full 160k sq ft greenhouse until July. Secondly, all the outdoor grow product gad also been sold through from 2019 harvest. 2020 harvest went from 13k kg to 32k kg not including biomass. In addition to that they did not get health canada approval for the expansion until May and did not complete irrigation until July. In July in Ontario there was a heat wave making it not condusive to initial planting. I am pretty sure they double the yield this year as the area provides estimated full production yields of 100k kg per season and they only posted 32k kg last year for the above reasons. So to be clear this is first year they are running more at full capacity with capital costs all accounted for. They have already noted that Dec qtr will be their best qtr ever. That implies 14 -16 million in revs which sequentially is up over 300% and up 200% yoy. They have kept their costs down and have recently reduced interest cost.