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Bullboard - Stock Discussion Forum Newstrike Brands Ltd NWKRF

"Newstrike Brands Ltd is a licensed producer and cultivator of medical cannabis based in Brantford, Ontario. The company cultivates and sells both forms including dried and fresh marihuana."

OTCPK:NWKRF - Post Discussion

Newstrike Brands Ltd > Financials
View:
Post by SKL6600 on Nov 08, 2018 9:58pm

Financials

12 minutes ago
That was the most annoying revenue I have ever read lol. So we made $3.2mill but lost $8Mill. I feel like it’s positive we are finally making money but I am hoping for some positive cash flow after the next quarter.
Comment by thebiz on Nov 08, 2018 10:28pm
I'll be honest, I like the analysis and while this doesn't look "great" on the surface the fact is that the net and comprehensive loss has been reduced by 20% Q3 YTD over '17. Truth be told that is all I cared about regarding Q3 '18 aside from seeing what the inital revenue looked like. The reduction in net and comprehensive loss tells me everything I will ever need to ...more  
Comment by SlangEditor00 on Nov 08, 2018 10:32pm
How is it annoying? It reflects a few weeks of sales. It is good news. Those losses represent investment/start up geared to greatly increasing future revenue. Are you confused? SKL6600 - (11/8/2018 9:58:33 PM)  Financials 12 minutes ago That was the most annoying revenue I have ever read lol. So we made $3.2mill but lost $8Mill. I feel like it’s positive we are ...more  
Comment by SKL6600 on Nov 08, 2018 10:40pm
Not confused at all actually. Was just a very long write up compared to normal and kept expecting more than there was. I am all in on HIP.
Comment by SlangEditor00 on Nov 08, 2018 10:49pm
As am I ;) It really wasn't that long though.. If you think about it is almost 4 million in sales in a few weeks. You should be happy. GLTY.