Post by
RamboOO7 on Apr 02, 2022 8:49am
Provinces are requiring strains 20% explains the transition
During the three months ended January 31, 2022, the Company had sales revenue of $606,826 (January 31, 2021 - $1,021,989) which included excise taxes of $158,892 (January 31, 2021 - $303,307). This represents a decrease in sales revenue of 41% period to period. This decrease in revenue is associated with the decrease in the sale of dried cannabis. The provinces are requiring strains with tetrahydrocannabinol of at least 20% which prompted management to introduce the seven new strains to be launched on 4/20 of 2022. The Company will continue to concentrate on the sale of edibles going forward. Sales of edibles made up 39% of total sales. This shift to increasing the sale of edibles will ultimately increase our average selling price going forward, as evidenced by the recent launch of the THC Kiss Biscuits.
Comment by
RamboOO7 on Apr 02, 2022 10:53am
Here it sales total edibles Q2 was $ 236,662.14. Almost same as Q1 so edibles sales didn't go down. Biscuits should have a good future impact. I am fed up of going through these financials. I guess i decided to wait for Q4. After no change i throw in the towel.