MTL Cannabis Corp C.MTLC

building a strong business on prescriptions

[SirHumpsAlot]

CHV is adding about 20 grams per day to thier prescription base. Every day they are adding 60,000 in annual revenue. If they do this for 365 days, that will equate to an annual revenue of 22 million. Will CHV be profitable with earnings of 22 million?

[letsflythis]

their last quarterly sale suggest otherwise.

[SirHumpsAlot]

Not that clear cut. It depends on when Veteran affairs makes their payment. There may have been some sales not captured in the last report. Either way, the trend remains UP. 

[vetinvestar]

Why is the revenue always "coming on the next financials" with CHV.  Stop talking about it and just deliver it as otherwise you just continue to loose whatever credibility they may have left.

[SirHumpsAlot]

They have been delivering. There revenue has been growing. You don't go from zero to hero in a single quarter. It could take 3-4 more quarters for them to turn a profit but it is comming. I would rather be in a under 5 cents than much higher.

[letsflythis]

they had a sales license for 16 months now. with last quarter 2.3 million , and the quarter before that was 2.5 million , as you can see sales are actually declining.

[SirHumpsAlot]

Funny, you ignore the 2 quarters prior to that. The real trend is 1.3M -> 1.4M -> 2.5M -> 2.3M That is still up for revenue. Like I said, the timing of big payments from Veterans affairs can impact each quarter. If a payment missed the financials by a day then you won;t see it until the next report. I suspect the next report will be 2.6-2.7.

[Manimal]

CHV is a dumpster fire.  Full stop.

[vetinvestar]

Revenue is irrelevant for this disaster as their OGM (operating gross margin) is under water.  CCS only knows how to spend money and not make it and until someone puts the lid on the cookie jar this dumpster fire will continue. Where's the update on the $2M of debt they just took on to upgrade ISO and exactly what we are getting for that besides trying to deliver on what CCS said was

[letsflythis]

Vetinvestar, don't forget that 2 million was announced right before Christmas holidays , my guess it was probably used for Christmas bonus ! but they say you have to spend money to make money so we will see just how true that is 30 more days to see the next FINS and see what direction they are going :)

[prested]

Slumps a lot more like!