Post by
RamboOO7 on Apr 02, 2022 9:11am
I can see edibles bigger profit margin. Cost of sales down
Revenue $ 606,826$ ... Cost of sales $(436,672) Gross profit before fair value adjustments $170,154.......... i see in the past higher sales revenue but cost of sales was higher.because of dry flower. .. Conclusion if THC Sells more dry they have to sell this pot 20% THC and over at a descent price to balance revenue versus costs. I see revenue from edible versus cost of sales very good. Conclusion i see profit margins improving with edible sales improving. I guess this is called part of growing pains for a company. I will be looking forward to see edible revenues for THC Biomed from OCS in Q4.
Comment by
RamboOO7 on Apr 03, 2022 9:32pm
The way i see it JM invested $250,000 into THC Q2 jan 8. There cash balance is about $10,000 higher Q2 than Q1. So their burn rate is about $240,000 for 3 months. April 8 will be 3 months later. Will THC need another financing at this price. JM still owes about $118,000 to the company. Pay your debt before another financing . Geez.
Comment by
RamboOO7 on Apr 03, 2022 9:35pm
Good news will be if THC doesn't finance by june 31. This will be Q3 financials. This means maybe their biscuits are raking in the money. DYODD