No but people assuming that CWEB is burning cash are not correct because management reinvest money back into company which you see by increase in assets. They built new facility, added machinery, opened new R&D and so on.. any company that is in development stage turn around any profit and puts right back into company.. Tesla, Amazon were net negative for years but you have to do it to stay ahead of everyone else.
By the way. A lot of current expenses are one time occurring.. it's not like they are going to keep building massive facility every quarter. What's important is that their gross margin stay the same over 70% so they are able to maintain cost of production..
CVSI keeps holding on flat to what they make and have BUT that's because CVSI has totally different buisness plan then CWEB because they subcontract everything.. farming, extracting, manufacturing.. they own pretty much nothing hence assets has been staying flat the same for the last two years.
Which is positive if you want to keep bills lean But are they going to be ready to ramp up production and fill every shelf in the store when FDA opens the door?
Also CVSI gross margin dropped so the cost of product increased. Why?
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