So here is the next part of my post based on Quarterly results of $69000.
Let's quantify the poor Receipt results. Is there evidence to support a rejigging and more conservative approach to approach to resetting CGB's model?
I think there is!
Let me build it as I saw it from a shareholders perspective. Acknowledging Bas' request. I would not like to see report after report indicating results primarily from external events. But you simply can't ignore what you see every day from the Pandemic. Even my local mall in Sydney has 1/4 of its shops on the bottom floor closed up due to COVID. It's a fact of life.
IMO, there is strong evidence that could lead you to conclude that external events, outside of CGB's control, over these past 3 years, has affected the CGB business model contributing to lacklustre results in income this Quarter, and IMO, has led to, what appears to be, a forced or rejigged reboot of the company's key business sectors. Has management had a part to play in this as well...OF COURSE,! I don't think any board would have been fully prepared for what Covid brought to their businesses, though. But was it just inexperience, or is the result potentially strongly influenced by unforeseen dynamic changes which affected many businesses?
CHANGES
VitaHemp/EM/AGN > Grass Roots : Pharmocann > FussPot : Food Division Wholesale > Food Division Retail
QUESTIONS I have been considering...
1. Did shareholder interference, as suggested by the CEO in a recent post here eventually contribute to the business model being interrupted? I think it did!
Post #:60213386
2. Did COVID govt/s enforced restrictions affect the wholesale supply export chain and restrict travel to countries during the pandemic causing the company to change its focus and lose contracts or terminate deals. e.g. (Laos) I think it did.
https://www.services-exports.gov.au/about/covid-19
https://www.vietnam-briefing.com/news/covid-19-effects-supply-chains-vietnam.html/
https://global-monitoring.com/gm/page/events/epidemic-0002053.JmAC2QPA6Nvb.html?lang=en
"Update 2020-03-25: According to reports by German authorities on Wednesday (25 March), the land borders of Laos were closed on Monday (23 arch). Air traffic has also been severely restricted and only a few flights to China are still operated."
3. Has the collapse of the Cannabis sector caused Investors to move out of many Cannabis stocks, which heavily affected CGB's share price? I believe it has
CGB
GLOBAL
Gee, looks similar to me...
CONCLUSION
If my questions haven't any weight the results shouldn't mirror the results of world restrictions. But I think they do!
Still curious about why CGB product questions or posts would have been reported, even if in the wrong thread????
QUARTERLIES
