Post by
theTransporter on Nov 25, 2020 6:14pm
How much of their own product did they sell?
Diving deeper into their rec sales numbers, you will see it's broken up as follows:
Recreational - Dried Cannabis $5,234,000
Recreational - cannabis extracts $2,250,000
Total Rec revenue - $7,484,000
Now if you look at the production costs, there is one line item for Purcahsed Cannabis that represents $3,203,000
I assume that is the product they buy from craft producers for their Craft Collectiive line.
They must be making some margin on that product so let's assume $3.5M to $4.0M is the revenue portion of Craft Collective. If that is the case, does that mean they only sold $1.2 to $1.7M worth of 7Acres and Sugarleaf cannabis combined?
Either something is wrong with the way I'm reviewg this, or this company has a serious problem in selling its own grown branded dried cannabis and could explain the continuous sell off by those who really see what is truly occuring here.
If the above is true, this is a serious problem as they are only selling less than 5% of their production capability.