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Bullboard - Stock Discussion Forum MTL Cannabis Corp C.MTLC

Alternate Symbol(s):  MTLNF

MTL Cannabis Corp. is focused on crafting cannabis products, including lines of dried flower, pre-rolls and hash marketed. The Company, through its subsidiaries, is engaged in the cultivation and production of cannabis products for recreational and medical purposes in Canada. It also operates clinics that work directly with primary care teams to provide specialized cannabinoid therapy services... see more

CSE:MTLC - Post Discussion

MTL Cannabis Corp > Spending More than Making. Not a Good Strategy IMHO
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Post by TechWizard101 on Jan 13, 2021 8:25pm

Spending More than Making. Not a Good Strategy IMHO

Cash position was $1,616 as at October 31, 2020 compared to $1,767 as at April 30, 2020 .
Revenue for the three and six months ending October 31, 2020 was $2,263 and $4,790 , an increase of $972 and $2,209 or 75% and 86% compared to $1,291 and $2,581 for the same periods in the prior year.
They made 75% and 86% more per 3 and 6 month periods and they took home less money!!! Cut the huge salaries and start giving back to your shareholders!!!

Well can someone plesae tell me whre we are spending all of this wonderful revenue??? Vegreville perhaps?? Maybe make some more shares and dilute the float even further?? Yeah that sounds like a good idea to me. The facts are the facts.
Comment by letsflythis on Jan 14, 2021 5:28am
as you can see they are paying themselves to much money !......General and administrative expenses for the six months ended October 31, 2020 and 2019 are composed of: October 31, 2020 October 31, 2019 $000's $000's Salaries, wages and consulting fees 2,763 2,547 General operating 529 818 Occupancy costs 200 229 Professional fees 276 587 3,768 4,181 Sales and marketing expenses for the six ...more  
Comment by vetinvestar on Jan 14, 2021 9:31am
Crazy part is that the Chairman, DM, is supposed to be the financial guru yet the financial mismanagement continues.  #tirefire 
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