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Bullboard - Stock Discussion Forum Neptune Wellness Solutions Inc NEPTF

Consumer Defensive Household & Personal Products
Neptune Wellness Solutions Inc. is a consumer-packaged goods company that is primarily focused on health and wellness products. The Company focuses on developing a portfolio of consumer products that align with the market trends for natural, sustainable, plant-based, and purpose-driven lifestyle brands. Its products are available in more than 29,000 retail locations and include organic food and... see more

GREY:NEPTF - Post Discussion

Neptune Wellness Solutions Inc > Refresh my memory
View:
Post by Johnny1a on Aug 09, 2021 8:43am

Refresh my memory

At one of the past conference calls. It was mentioned by Neptune that under Canadian laws they couldnt report profits on cannabis until ??? Until what all I can remember is its in accordance with Canadian laws. Is it all stores have to submit their sales and profits. Sorry cant remember. If hasnt been report yet maybe on 12th thanks
Comment by Careless2again2 on Aug 09, 2021 11:19am
I believe they ship 100 units and the store may sell 80 and return 20 as unsold so the calculation is 80 sold minus 20 returned = 60 profit...
Comment by Johnny1a on Aug 09, 2021 11:30am
Thanks makes sense it would temporarily sku the numbers. 
Comment by Sopranos1 on Aug 10, 2021 10:07am
Canada law, you always have to report any profits sales etc on anything..business tax law.
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