Aleafia Health Inc ALEAF

Disappointing results

[MrOptimization]

Year over year results are good, quarter over quarter results are horrid.

For the three months ended June 30, 2020 net revenue was $9.8M, a decline of 34% over the previous quarter.

The big driver in reduced revenue is the reduction in the selling price per gram. So they are buying their customer base, at the cost of profitability. Hence another $4M 3 month loss. What's stopping them from selling at $3 a gram next?

	Three months ended,
Operational Results - Cannabis	Jun 30, 2020	Mar 31, 2020	Jun 30, 2019
Active, registered patients	13,285	10,983	6,959
Average net selling price of medical cannabis per gram(1)	$7.87	$8.04	$12.36
Average net selling price of adult-use cannabis per gram(1)	$4.81	$6.88	$7.59
Average net selling price of bulk wholesale cannabis per gram(1)	$2.92	$2.47	n/a

[bobus99]

might want to read report 34% down in revenue is based on seasonal nature of outdoor growing this year crop will probably be 5-8x bigger anyhownthere is nothing we can do

[penismightier]

Looks pretty good to me. (If you actually read the whole statement and had listened to the call). Cherry picking only works in NHL20. Pen.

[KnowWhenToHoldM]

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