RE:RE:RE:Re BlizzyWhat are you talking about?
Sproutly makes $0.54 gross margin on every gram sold for a profit of $34,616.
What's the problem with that?
It's not that in the same quarter there was no licencing revenue and they lost $2.1M.
They made more money selling assets.
It's not that they have 5X current liabilities to current assets.
"As at May 31, 2021, the Company had current assets of $1,606,608 to settle current liabilities of $8,541,152."
It's not that they have no CGU's and are only selling somebody else's products.
It's not that they are heading towards lossing over $8M+ and making $140,000 on those costs.(based on the first quarter)
But hey there is the nonexistent Moosehead JV, edibiles and beverages that keep coming out soon (but don't).
It's OK though because they can blame all of these issues on Covid19 (that will save your investment dollars.
It's not the 30% dilution of existing shareholders over the past year by the issuance of over a 100M additional shares.
(All of this is completely sarcastic, of course).
I'll wait for Blizzy420"s reply for the disparaging viewpoints of myself and
explain how selling your assets, taking out loans, and mortgages on your only remaining asset is a good thing.