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Posted On: 10/07/2017 5:42:05 PM
Post# of 75086
Re: Thczinvestor18 #38528
Sales for the last reported quarter, which ended Mar. 31, 2017, totaled a mere $117,814.00 while cost of goods and operating expenses were $56,838.00 and $1,932,,809.00 respectively. That means they lost $1,871,830.00 for the quarter while selling at a price presumably higher than 99 cents.
Further, a Mar. 22, 2017 PR reported a scheduled production run of 10,000 cases of its 16 ounce hemp-infused beverages for the next week and has scheduled a production run of 20,000 cases of its original 12 ounce leaf design cans for the next month. Since a follow up report was never release confirming the production runs, it should not be assumed they were.
The upshot of this is that selling what limited inventory they have will not produce profits of any kind. And, they are months away from launch a new line of drinks.
Further, a Mar. 22, 2017 PR reported a scheduled production run of 10,000 cases of its 16 ounce hemp-infused beverages for the next week and has scheduled a production run of 20,000 cases of its original 12 ounce leaf design cans for the next month. Since a follow up report was never release confirming the production runs, it should not be assumed they were.
The upshot of this is that selling what limited inventory they have will not produce profits of any kind. And, they are months away from launch a new line of drinks.
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