Peer & Trend Comparison Gross Margin % Before IFRS Voodoo

I will take a one day break from posting the Income Statement Driver and Implied Breakeven charts to post this new one on Peer & Trend Gross Margin. OGI sure has a pretty trend. I will start using the above in quarterly Rundowns.

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Canopy Growth Q3 F2019 Rundown – Dec 31, 2018

First Q of Adult Recreational with the market leader! Open up the fins and MDA ad follow along Sales: Net revenue was $83 million with KGs sold of 10,102.  The bulk of the sales increase was attributable to Rec with Medical dropping to an Other income increasing Here is the bridge to last Q: CGC came out of the first Q of adult rec with a bang with sales of $59 million and 8,288 kgs of cannabis sold.  This compares favorably to their largest peers that have reported. ACB sold 3,806 KGs or $21 million in the full Q of adult Rec.  Apha recorded…

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ACB Q2 F2019 Rundown Dec. 31, 2018

Firstly, this has taken a little more time as the addition of Rec has added lots of new data to play with.  Usually new data takes me a couple of Q’s to get comfortable with. So bear with me as I try out some new things. Secondly, having scanned Twitter and Reddit I find it interesting the reactions that we are seeing.  These LP’s are oil tankers NOT Zodiacs.  You couple that with the absolute Gong Show that rec roll out has been in the majority of the provinces, sprinkle in the fact that no LP seemingly gets their HC licenses when they think…

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LHS Rundown Q3 F2019 Nov 30 ,2018

Open up the fins and MDA to follow along. Sales Sales increased 43% QoQ or by close to $1 million to $3.2 million, which is very similar to the Q2 increase of $1.1 million.  This is largely result of the increase in dispensaries to 7 and delivery hubs to 6.  They have just started including dispensary count and hub count in their MDA to make it easier to keep track of. [George: If you are reading this… a breakdown of store revenue by locations “open for the entire Q” and those that were opened in the Q would be useful in understanding how many…

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Organigram Rundown Q1 F2019 Nov 30, 2018

Hot damn!!  An LP with POSITIVE Net Operating Profit!!  OGI will now run the risk of being added to TheCannalysts “biased” list of LP’s that we spread and analyze. /s Open up the fins and MDA and follow along. Plenty of new info and data in the MDA to wrap your head around.  Some pretty decent disclosure by OGI.  Hoping other LP’s give as much [or more] disclosure. Gross Profit margins per unit per segment were particularly interesting I did like the following comment from their MDA, that I thought I’d point out… Those are most of the elements I look at too. Sales:…

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