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Bullboard - Stock Discussion Forum Zenabis Global Inc. T.ZENA

We are a diverse, passionate team of doctors, scientists, researchers, growers, educators, and advocates who came together with the goal of increasing access to safe, high quality cannabis for medical patients and recreational consumers. Our four facilities are located coast-to-coast across Canada in Delta and Langley, British Columbia; Atholville, New Brunswick; and Stellarton, Nova Scotia... see more

TSX:ZENA - Post Discussion

Zenabis Global Inc. > Is this good? Hello bashers, wake up, smell the year...
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Post by Dude51 on Mar 31, 2020 1:17am

Is this good? Hello bashers, wake up, smell the year...

  • Consolidated net revenue for the year ended December 31, 2019 totalled $66.5 million, an increase of 850% from $7.0 million recorded in the same period of 2018
    • Cannabis segment increased 316% to $29.1 million from $7.0 million in 2018
    • Propagation segment increased to $38.6 million
  • Consolidated gross margin before fair value changes to biological assets and inventories was 34.2% compared to 35.1% in the prior year
    • Cannabis segment increased to 43.6% in 2019 compared to 35.1% in 2018
    • Propagation segment was 30.2%
  • Consolidated loss from operations in 2019 of $63.0 million compares to $16.1 million in 2018
    • Cannabis segment operating loss of $33.5 million compares to $16.1 million in 2018
    • Propagation segment operating income of $1.2 million
  • Consolidated net loss for 2019 of $127.0 million or $0.53 per share, fully diluted, compares to $32.5 million or $0.22 per share, fully diluted, in 2018, and included non-cash impairment losses of $9.3 million or $0.37 per share, fully diluted
Comment by JUICE01 on Mar 31, 2020 1:25am
Consolidated net loss of 127 million ? Holy Fack !! If you blokes dont wake up and smelly the weed scam, you might as well burn your money in a pit !!
Comment by Marclev26 on Mar 31, 2020 1:35am
This post has been removed in accordance with Community Policy
Comment by DomusMundi on Mar 31, 2020 1:59am
FOR SURE! Q1 WILL BE HUGE!!! 
Comment by bigkagan on Mar 31, 2020 2:13am
there was a 50% increase in revenue from Q3 to Q4, that's the main thing
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