The price per milligram, tainted with THC no less, is very High.
Margins have fallen from 73 to 66 already
The real crushing will come this quarter when all the retailers get paid for the discounting
I would explain how this works and how it will crush margins but my audience is a few know it alls and most are hiding and shivering in fear of cvsis future
Deluding themselves all the merry way.
Oh and net margins are obvi very negative already.
Losses could approach 5mm this quarter
Watch and learn
The good news is you won’t hear til end of March
So there’s plenty of time to sell but the price will deteriorate as some bigger players can digest large concepts lol
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