This past week 11 cannabis companies reported their latest quarterly financial results and below are a number of graphs, compliments of thedeepdive.ca, showing comparable data on each company’s performance during the 3-month period ended September 30, 2019.
By Lorimer Wilson, editor of munKNEE.com, Your KEY To Making Money!
1. Total Reported Grams Produced vs. Cannabis Sold (excluding Aleafia Health and The Green Organic Dutchman who, for whatever reason, left out hard cultivation figures in their quarterly reports)
2. Total Reported Current Inventory Levels vs. Reported Revenues
3. Total Reported Current Inventory Levels vs. Reported Current Cash On Hand
4. Total Reported Account Receivables vs. Total Reported Revenues
The metrics of the above 11 cannabis companies were extremely poor so let’s hope that the results from the remaining marijuana companies reporting during the balance of November are much better.