RE:RE:RE:RE:RE:Dopey CEO releases financials Q3I've looked closely at the financials and the notes.
The financials are not as bad as I thought and the direction the company is taking is ok but still slow as a turtle.
Inventory levels of unpackaged cannabis are significantly down, which means they grow less yet revenues are still above $1M. There is less waste going on, there will be less write-down of inventory. Fingers crossed for the cigs machine coming to rec market.
The 3 rooms to be used for edibles are still waiting approval to start production by HC. Once that starts, I'm hoping they fix their kiss shortages (esp. for Ontario). We can disregard the low net income as it's just an accounting measure based on fair value.
There were a lot of options that expired which is a good sign. It should motivate that imbecile CEO to do better. Remember all of the larger LP had terrible results on their latest quarter but THC has a small improvement. Obviously it's not the $2M were hoping for but it is what it is.
Essentially, they're way too slow to make any changes that would significantly improve the company's results. No news in the last 2 months is very bad to me. But I live to fight another day lol