Friday, June 07, 2019 2:20:33 PM
That's basically what VTNL does, losing money at it:
they don't manufacture their own dogfood, that's outsourced,
and they don't ship the stuff themselves, it's being drop-shipped, according to VTNL own financials.
So they never actually touch the stuff. They're basically reps for the actual manufacturer.
The manufacturer makes money while VTNL loses money, on behalf of its shareholders.
Latest financial: The Company is a manufacturer of premium CBD infused holistic pet products and as such will maintain inventory on site. The company directly drops ships to customers when ordered. The Company has wholesale distributors that purchase products in bulk inventory.
Source: https://www.otcmarkets.com/filing/html?id=13442537&guid=_1CyUaSmWjaj43h
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