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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Cronos Q3 F2018 Rundown

Open up the financials and MDA and follow along. Sales Cronos evidenced a $0.4 million or 11% in crease in sales to $3.8 million.  They have some new disclosure that wasn’t available last Q, so I cannot track down the exact location of increase but I believe it to be all oil related.  Oil now constitutes 29% of overall sales. International sales make up $0.6 million of sales or 15% of mix. Again, new disclosure so no comparative. Sale price per gram increased to $7.32 from $7.12 likely due to higher oil sales. Cost of goods sold Cronos 31-Mar-18 30-Jun-18 30-Sep-18 Gross Margin B4…

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Cronos Q2 F2018 Rundown

With Cronos changing their accounting presentation to what is becoming industry standard, I thought I’d do a light rundown.Sales increased 15% QoQ to their highest level yet of $3.4 million. This increase was off a drop in KGs sold to 477 kgs from 501 kgs [they have had a change in format of reporting this. I believe it to be correct]. This increase in sales off of lower kgs was a function of an increase in the overall price per gram QoQ to $7.12 from $5.88/gram, likely reflecting a reduction in wholesale to 3rd parties. [“Likely” as this was a breakdown of sales last…

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