RE:Update from IR"...the strips weigh next to nothing..." not 'wright' - autocorrect is maddening.
cloreenbaconskin wrote: 1) LDS will soon release a Power Point presentation highlighting it's current strategy, potential and current production. It will be released ASAP - No set date could be stated but it will be before Q1 as I asked if it would be released in conjunction with Q1 revenue announcement - he said "No, it will be well before that" - I asked within 1 month - he said that is the plan. It will be good to hear more concrete info right from management as opposed to just 3rd parties like Deadlock. 2) EXTRACTION: LDS of course has the JV with Cultivation Tech in place but it also conducts its own Extraction business...it is lucrative. LDS expects to have 50 litres of oil extracted by Q1 2017. Each litre would generate $12,000. Do the math... $5 million+ on just its own Extraction by Q1. PLUS sales of CannaStrips. PLUS extraction sales through the JV with Cultivation Tech. 3) 4 Revenue Streams for LDS: 1. Nursery/Breeding/Cultivation 2. Lab testing/Contracting out 3. CannaStrips 4. Bricks & mortar and online sales...the strips wright next to nothing...shipping costs would be very low for customers so buying large online orders would have very low shipping rates. They want online orders of product to grow. Brick & mortar strategy has already been announced. - this 4 stream revenue list came from IR directly. If u want any elaboration u should call IR yourself as too many details to write here. 3) European Trip: LDS management will be in Europe; will land Sunday night. Will be holding 30-40 meetings. Exposure of LDS business is the goal. Will be in Germany and throughout rest of Europe. My take on this is they want to raise money for growth now to be ready for Recreational sales in 2018. I would expect a PP at any time. Like I mentioned in my previous post $5 million would be likely. PP is needed to be prepared to handle expected demand. 260 million people visit California each year...not 100 million as stated in their last NR. The rec market is bigger than expected. Lots of growth expected in the coming year.