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Previous TGOD disclosures called for planned production capacity

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Halks1122   Saturday, 10/19/19 07:27:30 PM
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Previous TGOD disclosures called for planned production capacity equivalent to 147,500 annual kilograms (325,100 pounds) in 2020.
However, today the company slashed that to 20,000 to 22,000 kilograms next year.

“We will optimize our operating efficiency by deferring excess capacity and expenses, whether they center on production facilities, international expansion projects or technology,” CEO Brian Athaide said in a press release.

Expansion projects and technology will also suffer. I don’t see how profitable they’re going to be. Sad to say this is becoming kind of a joke. Great strategy and plan, but poor execution so far.

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