Sales up 28% quarter on quarter including strong sales growth in Coles.
Marketing expenses are up but this is due to US expansion, which I consider to be a great move!
$85,000 Kavaton sales to Kava bars - nice start in another kava market!
Inventory was increased by $200,000 to allow for processing downtime during Navua upgrades. (This is part of the $1,000,000 cash burn you do understand right)?
The purchase of the Navua facility is very smart long term move btw.
I don't see what the problem is thecore - the sales, production and marketing are all expanding at a solid pace - profits will come - the market knows this. Hence a $20M market cap.
Yes, there may be the need for another capital raising. You do understand that this is the whole point of the stock market right?
Anyway - good job CCO! This is one stock market story that I enjoy being a part of.
SirKnight.
CCO Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
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