Frogzilla wrote: I hope investors looked at page 12, section 8 in financials!
https://webfiles.thecse.com/TAAT_GLOBAL_ALTERNATIVES_INC._FS_January_31_2022_Clean.pdf?Wa.zsEhqyRSV8O0D_8HUfbnxD4ovSjPP
Look at finished cannabis products for Q4 vs Q1, this is finished product, ready to be shipped! Q4, under 20,000 of finished goods and these numbers are what TAAT has tied up in inventory! The hemp at the end of Q4, was used to produce finished products in Q1!
Now, look at hemp for Q1, this is an 18% jump in biomass from Q4! The $822,257 of finished goods, equals roughly 1.3 million in revenue$$ Now in Q4, they have 18% more hemp, and this will translate to even more revenue$
Look at the 70% jump in packaging & raw material in Q1! In essence, TAAT was dangerously low with product ready for sale at the end of Q4, between replacing first version, international samples, trytaat promotion, and reorders!
This section of the financials gives us a good idea, what's going on at a production level. Although, these INVENTORY numbers are for a particular date in time!!!!!! Finished goods, hemp, packaging & raw materials, and promo material are all churning throughout the quarters!
Now the boobears will say the build up in finished goods & hemp, means the products are not selling!
In my opinion, these numbers show a clear signal that TAAT is ramping up production big time, and there's a good reason for the rise in finished goods, and I hope this number continues to rise in the future!!!$$$$
When TAAT receives a purchase order, it should be shipped within 24 hours! Sure, massive international orders are more complex, but domestic orders should ship ASAP!! This requires a back log of finished goods that can be drawn from and shipped immediately, and then replaced at the same time at the warehouse!
Ever turn on a 100 foot garden water hose, and get that initial gush and sputter 2 or 3 times, before you get a steady stream! This is exactly what's happening right now with TAAT, and it's production line!!
Again & still, beware, there is one poster with multiple aliases, who's plagued the TAAT forums for over a year! When TAAT lost a salesman named Dab's in a car crash, this buzzard damned his soul to HADE'S (hell)!
This singular post by him tells the whole story!!!!!!!!!!!!!!!!!!! He has no class whatsoever, and his posts & childish BS antics should be reported as abuse!
I think your going to find that shipping of packaging and raw materials (not hemp) to make the cigarettes was the main issue these past few quarters, but this will pass in time!
Just saying$$$$$$
Ribbit