Post by
BRUTUS1 on May 14, 2019 9:34pm
This is from page 10 of the financial report, suk it bashers
Finished goods inventories consist of dried cannabis that is complete and available for sale. Work-in progress inventory includes cannabis, after harvest, in the processing stage. Supplies and seed inventory consists of consumables for use in the transformation of biological assets and other inventory used in production.
you will notice Suprreme does not show plants under grow as inventory, and most of all other companies do, now what does that mean, it means we have 160000 square feet growing that have been given zero value, translations we have approximately 17000 kgs of weed growing that we have expensed but have not taken into account as an asset, now 17000000 grams x 6$, is $98 million in the bank.
Comment by
George141 on May 14, 2019 9:42pm
...way to go Brutus...great observation..I kind of suspected something like this...this shows Supreme has confidence to report in a very honest manner. I am sure this will all come out during the conferences. Been here 5 years...and so happy to have my money on Supreme...maintain