Replies to post #692 on Greystone Logistics Inc. (GLGI)

[Phaedrus77]

I’m guessing WMT since it says “continue to provide” but that’s just a guess. Odd to see a pr today...earnings are due this week too.

[Phaedrus77]

10-Q is out. The order was from WMT. Quarter was basically breakeven, which I assume most people expected. There is this though:

Greystone issued purchase orders in January 2022 for equipment including two injection molding machines and one pelletizing system for about $5.5 million to increase its pallet production capacities. Because of the significant decrease in debt and financial lease balances through November 30, 2021, management believes funding will be achieved through financial institutions.

Looks like they’re expecting sales growth to ramp back up,