Ann: Trading Halt, page-73

So I did a quick table on the below yields and Nan's statement in the webinar about selling on average for $5.50 per gram and this is what it comes to:





Now you're probably thinking what I did when I saw this, FY23 revenue was $15.6m not $23.1m. My answer to that is it's most likely the lag associated with inventory turning into revenue. Revenue is recorded at the time of receipt by the customer whilst I'm guessing the weighing happens after harvest/drying is complete. You can see that they started FY24 with $8m in inventory which happens to almost match the difference between $23.1m and $15.6m exactly.




Oh Nan, you've just gone and let the cat out of the bag.