OTCPK:WTER - Post by User
Comment by
up2005on Jul 11, 2022 2:00pm
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Post# 34815709
RE:Looks Promising
RE:Looks Promising Next set of financials will help indicate the path to profitability. The burn rate has been high due to expansion plans, establishing co-packers, adding to variety of packing sizes, bottle types, and going after the massive convience store and box store chains. Moving pallets of water around the country is expensive. The fact that A88 will be seeing a product price increase will help. Would like to see the penetration numbers for their CBD offering. That has been a slow uptake in Canada due to government regulations which are now loosening. Sales continue to grow, when they get the expenses lowered we will see a very attractive bottom line. Sets us up for a takeover bid which I wouldn't support at this stage BUT would bring attention to the company. The I/R department needs an upgrade.