RE:RE:Poor top and bottom-line with low and shirking margins. I am always amazed when the folks who claim to be qualitatively thorough and objective spout subjective interpretations of the numbers without evidence or attention to context. So, for example, most analysts felt that VLNS paid a reasonable price for its acquisitions and most grocery stores would kill for 22% GP.
My intent here is not to prove or disprove Punjabi's points, just that shabby analysis undermines the validity of the evidence that he does produce to support his points. I believe that the DEEP DIVE article suffers from this problem as well. ie: a 5 cent loss was the consensus number and VLNS hit it
I am however concerned that VLNS, as with most of the pot industry, is straying into show me territory in terms of profitability. Acquisitons fuel a sugar high, that then seem to wane. Yes, they are well prepared for take off but perpetual bridesmaid status is a recipe for dead money for me. What do people think here? Are we years away from profitability or is it feasible within the next few quarters?