Post by
voiceoftreason on Dec 01, 2020 9:49am
Another 1.2M inventory write-off
An analyst on the last call explicitly asked if the 1.3M they wrote off in Q2 was all of the write-offs. Lincoln said "yes and we're going to sell the rest of our inventory". Q3 is another writeoff and inventory is up 10M.
Positive is the sales prices. 7.79/gram direct to patient, guessing that comes from vapes but is promising.
Comment by
InvestingFool50 on Dec 01, 2020 11:12am
Speculation or fact of another write off???
Comment by
voiceoftreason on Dec 01, 2020 12:09pm
Wrote off 1.2M in Q3, 1.3M in Q2
Comment by
InvestingFool50 on Dec 01, 2020 12:47pm
Was the Q3 write off reported on the call this morning?