Heritage Cannabis Holdings Corp HERTF

Q4 filed Mar 01

[lscfa]

Looks like spending has increased for the costs of goods sold due to shift to 2.0 products. More transparency is required and more explanation of how they will turn this cash flow positive.  

 

Qtr ending	Revenue	Net Revenue	Excise Taxes	Gross profit
Oct20	1,500,750	1,429,973	70,777	(1,747,959)
Jul20	2,389,776	2,310,050	79,726	(961,543)
Apr20	1,358,149	884,830	473,319	(65,785)
Jan20	4,008,395	3,631,582	376,813	1,495,884
Oct19	3,563,623			(509,003)

[bober2]

If they knew how to turn the cash flow positive they wouldn't be talking about consoldiation.