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Red White & Bloom Brands Inc C.RWB

Red White & Bloom Brands Inc. is a Canada-based multi-jurisdictional cannabis operator and house of premium brands operating in the United States, Canada and select international jurisdictions. The Company is predominantly focusing its investments on major United States markets, including Arizona, California, Florida, Missouri, Michigan, and Ohio. The Company's segments include Distribution, Licensing, Retail, Corporate and Other. The Distribution segment cultivates, manufactures, processes and/or distributes Company branded cannabis and non-cannabis products directly to licensed retailers. The Licensing segment owns intellectual property associated with its Platinum Vape and Platinum trademarks and brands, that are engaged in the sale of non-THC branded products which are incorporated in licensed Company cannabis product offerings. The Retail segment sells both Company and third party branded and non-branded cannabis products and accessories to the adult-use and medical use markets.


CSE:RWB - Post by User

Comment by lscfaon Jul 22, 2021 2:02pm
245 Views
Post# 33590775

RE:RE:Here it comes !!!! Woo Hoo

RE:RE:Here it comes !!!! Woo Hoo

I want to know how the hell you can generate $32 million per quarter and not be profitable. Are there a bunch of one-time costs involved?

 

The Company reports adjusted sales for the first quarter of $32.2 million, a sequential increase of 2.4% from the prior quarter’s adjusted sales of $31.4 million in Q4 2020. The increase was reduced by the strengthening Canadian dollar and would have been +5.5% using a constant dollar comparison. The Company is also pleased to announce it has achieved positive adjusted EBITDA of $460,000 for Q1 2021.


bankbuilder wrote: I truly hope the numbers are fantastic at the end of the day and also the first quarter numbers are fantastic and the morons that I've been keeping share price at sub par levels get caught with your pants down and lose their damn shirts

 

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