Search For
How Are U.S. Companies Faring?
- Categories:News
- Time of issue:2020-12-25 18:54
- Views:
(Summary description)Publicly traded cannabis firms have different levels of profits and cash on hand
How Are U.S. Companies Faring?
- Categories:News
- Time of issue:2020-12-25 18:54
- Views:
Publicly traded cannabis firms have different levels of profits and cash on hand
Cash on hand represents how much of a cushion a company has readily available to maintain operations—even in the face of losses. Companies with high cash-burn rates, such as Denver-based Schwazze (see page 18), are at higher risk of missing out when expansion opportunities arise or not being able to respond to adverse conditions.
Having a high level of cash on hand doesn’t necessarily mean a company is operating well. California-based Terra Tech Corp., for example (see page 18), has a relatively low level of cash on hand, but that level has been steady over the past three report-ing periods—meaning the company has been operating within its means.
When compared to the other publicly traded marijuana firms (see page 18), Florida-based Trulieve is an anomaly. In addition to being able to build its significant cash reserve over the past three reporting periods, it has maintained a profitable operation over time.
The company’s net profits decreased during the first six months of 2020, primarily because of a decision not to do a spring plant, which resulted in less product inventory. Even with the declining trend, the company has remained above the crucial break-even line.
RELATED NEWS
AAA-GROW is affiliated to Shenzhen Huadian Lighting Co., Ltd, located in Shenzhen, specialized in LED plant grow light, under the leadership of the 55 well-experienced engineers to produce cost-effective products, specializing in the research, manufacture, assembly and sales services of the LED plant grow light. All of AAA-GROW’s LED encapsulation, finished goods assembly, SMT, precision processing, spray painting, injection mould, and vacuum coating are imported from Japan.
A new law that creates a Conditional Adult-use Cannabis Cultivator license in New York represents a high note for private businesses, including Empire Hemp Co. in Batavia, that have found their niche within the guidelines of the state’s Marijuana Regulation & Taxation Act.
While capital has become more accessible for many marijuana firms, sometimes the decision to extend funds is more about protecting a position than actually supporting a cannabis operator’s trajectory.
What is the effect of LED light on plant growth? And how can you best integrate LEDs into your climate control system, among other things? These are the kinds of questions Jan Voogt regularly hears as a teacher in courses on Het Nieuwe Telen (The New Way of Growing).
About Us
AAA-GROW is affiliated with Shenzhen Huadian Lighting Co., Ltd. Huadian is one of the top 3 in the field of the spotlight, well-experienced in the North American market.
Headquarter
ADD : Jinkaijin Industrial Park, Shiyan, Shenzhen,518108 China
E-Mail : aaa-grow@aaa-grow-led.com
Tell : 0755-23306861
EU Office:
Links
Service
Copyright 2020 Shenzhen AAA-GROW Intelligent Co.,Ltd. 粤ICP备2021126871号 300.cn