take a lose, page-3

In the Murray Meds presentation they listed their cost of production at AUD 60c per gram which is the lowest in Australia. I might have mentioned this before but with medicinal cannabis prices quickly becoming commoditised it's the lowest cost producer that will be able to survive the periods where supply outweighs demand and ride the highs where demand outweighs supply.

A good example to visualise the above is iron ore, lots of companies had to halt production last year (care and maintenance) as the price of iron ore was below their cost or production. The lowest cost producers (BHP, FMG, RIO) we're still making money so just kept at it.