Home > Boards > Free Zone > User's Groups > $LEEK$CAPE’S 2019 HEMP, CBD & MARIJUANA MANIA GRAND SALAMI -- PART II

My Take On VATE’s Quarterly Report

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sleekscape Member Level  Wednesday, 05/15/19 06:02:29 PM
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My Take On VATE’s Quarterly Report

Q1 revenues were $166,000

76% gross margins

Convertible debt is now zero

So there will be no more dilution from conversions moving forward

This was an excellent quarter

The revenue growth is there, so we know that Elev8 Hemp Coffee & Tea are selling very well in 2019, and this does not include the CBD Beverages, which will be the biggest source of revenue moving forward

Q2 will contain the CBD Beverage revenue, and with these Q1 numbers, I now believe we will see revenues of $300,000 or higher in Q2

The gross margins are really outstanding

Medico is the real deal, folks

VATE should be moving higher from here


Sleek


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