Post by
KozmoT on Nov 29, 2021 9:24pm
WTF is this a joke?
REVENUE
Sales $601,967
Cost of sales ($975,539)
Gross margin $(373,572)
They hid in the small print that their Dorval grow facility is dead so to sell cannabis they must be buying it from an actual grower and then turning around and packaging and selling it as their own but they've never disclosed any of this at all. From their cost of sales it would seem they are literally paying more for their supply than they are getting from sales.
That kind of incompetemnce takes a lot of effort. That's like going and buying toilet paper at Costco, repackaging and shipping and selling it ... AT A LOSS?!?!?!
I jusyt skimmed the FS so far, maybe there is some explanation I'll get to tomorrow... but if what I read is what it seems these guys are in some serious f*cking trouble.