First Asset Core Canadian Equity Income ETF Cdn Eq CINRF

RE: Selling,General and Administrative Costs

[SurfForWealth]

Johnny0, Good message! I had noticed the unusually high increase in G & A as well. Using the 6 month comparables we get revenue up 138%, Sales expense up 42% & G & A expense up 158%. My feeling is that this is related to the aquisitions and the cost associated with running multiple facilities. My thoughts are that this will in time pay for itself as the expected ramp up in revenue occurs. The highly skilled level of intellectual property at each location justifies the added cost IMO. You will notice that the R & D cost went up 265% but this is an investment in their future. Perhaps an explanation from the source would be in order. I will try to get an answer from Cory later in the week if this is not addressed in the CC. Cheers!!!