Post by
sthinei on Mar 25, 2021 10:41am
Numbers should be cleaner going forward
Debt was reduced by $25 million last qtr removing $500k interest expense a qtr. That shows up in Q1. Most of the 2.0 Cannabis product shipping in Q1 only sub strips shipped late Q4. JV/intl sales should be showing up in Q1. $10 mln wholesale was accounted for in Q4. Theyhad an additional 4 million already booked by Dec for Q1 revs plus other incremental sales. Looks like we dont get that EU GMP news until Q2. Which at this stage is OK i guess. May help to smooth out some lumpiness later in the year. Writedowns should now be behind them and also make them a more appealing takeover target. Still likely need the EU GMP announcement to really increase interest.
Comment by
wrangler327 on Mar 25, 2021 10:48am
All good. EU GMP might happen sooner than we think. Smart longs will pick up substantial gains.