RE:It was 800 SKUs unfortunately at the end of the quarteryou can have 8,000,000 SKU's but if you're dead last in sales it doesn't matter. It's useless having this conversation - you think this company will be successful, i know they never will be. The numbers speak for themselves.
Labs? Meni said 60 days and he knew that they didn't have the equipment to be operational - that's a lie. He said Ignite was going good even after they had signed the termination agreement - that's a lie. He said they wouldn't need financing when they very clearly needed fnancing just to stay operational - that's a lie. Meni said they had QoQ growth at Town Hall when they did not - that's a lie.
You've clearly never participating in financing rounds, which is almost entirely how i acquire equity and paper positions in companies. The timing of it for N was so they could stay afloat, it had nothing to do with the bankers or brokers.
lastly, N will never ever ever be a billion dollar company. They are the worst in Canada and i imagine will have even less results in the US. Most companies are trying to separate themselves, not get closer to this one. Hexo selling their product with CannMart is like being a convenience store that sells Mars bars but not Snickers, Kit Kat, etc... ask yourself why no other major players want to be associated with this dodgy organization
whisky11 wrote: Profit from expanded (because of popularity of Cannmart the number of SKUs is much higher now) selection will show in following quarters.
There's no company like Namaste, you can't compare it. Management never lied or misslead shareholders.
So, they said they're not gonna finance in a near time and it means couple weeks. They set operational date for Labs then something else come up on the market, technology developing as we speak.Labs will produce wellness, so must be equipped properly it cost money and time.
They couldn't wait with new financing, you don't argue with brokers and bankers, you ready when they are ready.
I think being one of the first Canadian company in USA will be rewarding. Getting to the wellness market globally will turn us into a multibillion $ company.