BLACKROCK Municipal Income TRUST V.BFK.P

Cost of Goods Sold

[Keeler]

Hexo reported annual Net Sales of $ 191,103 milion.
Cost of Goods Sold was $ 282,985 million.

To make simple for pumptards, let me explain it like this:
if Hexo sells a pre-roll for $ 1.91
it costs them $ 2.83 to produce, process and package it.

Result?
Hexo was in the hole $ 91,882 million BEFORE Operating Expenses of of $992,053 million.

Sure Operating Expenses and Impairement Write Offs should be done going into Q1 - but Hexo operates in the RED before those.