Ecofibre Medical Cannabis float around Easter 2018, page-141

My partner is CFA so I asked about the financial situation last night


1 Receipts from customers
increase about 2.4 times

2 Payments to suppliers and employees
decrease slightly

(Both, page 53 Cash flows from operating activities )

3 Current liabilities
increase Trade and other payables
 (page 52)


Does it make sense?

The revenue is more than double, but the direct cost increases only 20%, so the gross profit increased a lot!

Also, I assume that they want to show us their Net cash flows (used in) generated from operating activities is not Negative?

for us it seems unnatural......

I hold Elixinol, so thinking of investing in Ecofibre, so I would like to know your opinions....