Ventura Cannabis and Wellness Corp CVHIF

RE:We are Nearly 5 Months Ahead of Schedule

[Xiawen13]

TheRock, you were not on this board 6 weeks ago. I sent two TaskRabbit at the PORTLAND and San Diego OUTPATIENT locations.

It was confirmed by reception desk that these two new facilities have been open and operating during ALL Q3 period.

The TaskRabbit confirmed me back then that they could witness patient walking around

I suspect the two new DETOX were opened later because of permit necessities

TheRock077 wrote: The build out of Phase 11 ( 5 new facilities ) was supposed to be completed by April 2017.

However, as the recent NR pointed out ALL facilities were open and operating.

Thats nearly 5 months ahead of schedule.

Plus, some were operating as early as November.

This has very positive implications for our cash burn in the coming 5 months, as our revenue stream from Phase 11 will have begun 5 months earlier than forecast which means that maturity of revenue streams ( full occupation ) will be nearly 2 quarters earlier and profitability will appear nearly 2 quarters earlier.

Phase 1 data shows that it takes just 3 quarter for a facility to reach full operating capacity.

Here are the data for Phase 1 ................

Base revenue ............................. ..$1.2 million /

Q1 of Phase 1 t................................$2.3 million

Q2 of Phase  1.................................$5.7 million

Q3 of Phase 1...................................$8.0 million..


This means that all of Phase 11 fascilities will reach full occupational status by about July-Aug of 2017.


Under promise and over deliver.
Its a great model..