Haha
AWESOME INFO!!!!!!
Wish you would post on the board more often. Well done
My buddy calls me that, guess I won't feel so bad now, lol
60.5 percent profit margin in a billion dollar MMJ industy is a great place to be. GRCU
Lol. Just an unfortunate coincidence
Yes a real business and Attorney. Very clever connection in my opinion. http://www.weedco.com/
Huge GRCU Profit Margin & $35M NOL Carry Forward...
Yes, I agree 100% with the expected profitability for the upcoming quarters for GRCU... starting with profitability transpiring the next quarter. Their huge Profit Margin that was indicated sets the stage for what’s to be expected with the growth of GRCU as we can derive the Profit Margin as below from these recent financials:
http://www.otcmarkets.com/financialReportView...;id=125012
Revenue = $19,779
Cost of Sales = $7,813
Gross Profit = $11,966
$11,966 Gross Profit ÷ $19,779 Revenues = 60.5% Gross Profit Margin
Now to consider this 60.5% Gross Profit Margin and a sellout of ”just one” of their CBD oil products in just a matter of a couple of weeks or so, we should be expecting some significant numbers next quarter to include expecting ”exponential growth” for the succeeding quarters. Now consider that GRCU plans to introduce, both under its own brands and labels currently under exclusive licensing, a minimum of 30 potential nutritional and medicinal cannabis derived products by the end of 4th quarter of 2014 as stated in an earlier GRCU PR. Now add the expected international sales.
Now throw in any kind of cultivation revenues generated from its previous mention too, then I think investors will begin to understand the potential that's being manifested here with GRCU.
Before talking further about the $35,541,443 listed on the Balance Sheet as the "Accumulated Deficit" within the GRCU financials, I think it is important to read and understand Page 5 under the section titled Financials Statements:
Quote:
http://www.otcmarkets.com/financialReportView...;id=125012
5) Financial Statements
The accompanying financial statements and notes have been prepared in accordance with US GAAP by persons who the Company believes possess sufficient financial skills. None of the persons who assisted in the preparation of the financial statements is qualified as a Certified Public Accountant. Investors are cautioned that previous management did not provide full copies of or full access to the historical financial information concerning the Company. As such, the Company has chosen to present its financial statements based upon the removal of all assets and liabilities as of February 25, 2014, the closing date under the Material Definitive Agreement between the Company and Privileged World Travel Club, Inc., and the commencement of new operations during the quarter ended June 30, 2014, the sale and marketing of nutritional, medicinal and body care products through retail and wholesale channels.
For inquiring minds, this coincides with the thoughts within an earlier post that I made below: