Looking at some Canopy Inventory Related Metrics re FVI

I was looking at CGC's Fair Value Increment and other inventory charges (FVI) from their income statement, and trying to determine if there was some correlation between when [what I see as inventory writedowns being flushed through the income statement] FVI were flushed and inventory deltas. This is what I came up with. It would appear in Q ended Sept/18 when they made their largest FVI of $51 million that it corresponded with a drop in Inv$/KGs inventory from $5.28/gram to $4.15/gram. In their MDA last Q they indicated rec revenue per gram was $6.96 in Q3. If you add $2.78 FVI/gram sold last…

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Peer Comparisons: Tracking last Q Sales to Inventory on Hand to Start the Next Q

I have spent a lot of time in the Income Statement with the charts I have rolled out, and even a little on the Cash Flow side with EBITDA. I decided to start playing with some graphs that would help determine if an LP would have enough "gas in the tank" [eg. Finished Goods Inventory, WIP and then Bio Assets] to be able to achieve a sales increase in the following Q. With many LP's having had the ability to "stockpile" in advance of Adult Rec, will they have shot their load in the first Q? The Peer Comparison doesn't answer that, but I'll…

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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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