MJARF- Stock Performance!?
Cash in Hand, Revues & Profits pouring in, ultra thin A/S, O/S, Float & Debt Free!?............ WTF, you can't get any better OTC stock than MJARF, but yet, the stock price is shitty, fucked up!?
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It is simply perplexing as to why a "solid revenue/profit" making company like Mjardin stock cratered and falling all day and every day?... the drop in stock price Must stop!.
here are some financial highlights, the co made more than 13M revenues for Dec 31 2020. That is a solid performance, far better than most cannabis stocks trading in dollars?.
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WILL" - Cultivation Facility in Brampton, Ontario: During Q4 2020, the WILL Facility made its first sale through retail channels, selling approximately 266 kg in total, generating total revenue of $0.8 million. Total sales for 2020 were approximately 474 kg generating total revenue of $1.6 million (2019 - 413 kg, $2.0 million). Sales are expected to increase as the Company sells through additional retail channels. On March 29, 2021, the Company made its first shipment of recreational cannabis to the province of Alberta.
The WILL Facility was operating at full capacity during Q4 2020 with approximately 487 kg of dried flower harvested. Total dried flower harvested for the full year 2020 was approximately 934 kg. On October 20, 2020, the Company finished all hiring activities. The WILL Facility is now fully staffed and split shifts have been implemented for COVID-19 mitigation procedures; however, this is not expected to impact production.
"AMI" - Cultivation Facility in Lower Sackville, Nova Scotia: Retail sales were first made during Q2 2020 and have continued to expand as a percentage of total sales in 2020. The products have been well received in Ontario and Nova Scotia, and AMI is expected to sell 100% of its product through retail channels going forward. The higher margin retail sales led to an overall increase in the net earnings from AMI for the year ended December 31, 2020 of $4.2 million compared to $2.8 million for the same period in 2019. As at December 31, 2020, AMI's cash position was $6.3 million. For the year ended December 31, 2020, AMI's revenues earned was $13.3 million (2019 - $6.3 million).
