RE:RE:Question for the board............ The contracted extraction and manufacturing opportunities will grow as the Canadian market grows and settles. That will increase in due time.
The emphasis on the machine itself, it's superior efficiency capabilities, and their growing technological solutions to scale processing is what was being sold here. The American cannabis market will not be like Cnada's roll out because they already have legalized state operators.
Michigan for example, edibles and vapes make up 44% of the market sales. They're also experiencing price collapse as more states begin operating cannabis grow-ops, which will lead to oversaturation and the same significant write-down issues experienced by early canadian extractors operating CO2 equipment.
Canadian edibles and extract sales only make up 32% of the entire market.
The revenue is from Canadian operations currently but the value is in their technology portfolio. Every state online is like adding an entire Canada (excluding fly over states) and the American market in every available dataset shows a heavy preference for edibles/vape/extraction products. Nextleaf the tech company is worth significantly more than Nextleaf the extractor.
https://www.newcannabisventures.com/michigan-cannabis-sales-surge-in-december-to-reach-985-million-in-2020/
https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/research-data/market.html