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Bullboard - Stock Discussion Forum Green Growth Brands Inc GGBXF

Green Growth Brands Inc is engaged in the healthcare business. It is a cannabis retail company operating worldwide. The company's brand profile include CAMP, CBD, Meri + Jayne, and others. It has two operating segments; the cultivation, production, distribution and retail selling of cannabis products, and the production and selling of CBD-infused personal care products through retail, digital... see more

GREY:GGBXF - Post Discussion

Green Growth Brands Inc > Got to love those margins - ???
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Post by NMachiavelli on Oct 24, 2019 12:43pm

Got to love those margins - ???

So they sell just over $7 million but it cost $8 million to produce those products?  This is not operating costs or marketing or consulting (i.e. buying shares to prop up SP) but actual COGS which is materials, packaging and production costs.

Brilliant business model.
Comment by Styles76 on Oct 25, 2019 8:53am
It's the cost of product required to fill the stores and the warehouses vs. product sold. There's no indication of margins. They would not have sold every unit of product they produced. Seeing that the difference in cost to produce vs sales isn't huge after opening as many stores as they have in the past year indicates one of two things - their cost per unit is low compared to the ...more  
Comment by NMachiavelli on Oct 28, 2019 3:55pm
Costs of Goods Sold does not include Inventory.  Only what has actually been sold.
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