RE:RE:RE:RE:Took These Pics Today
The number which they may or may not have put on the permit application is irrelevant. The size of the building will limit their production. CEO Bill Chaaban is on record as having said that he expects $20 million income in the first year, and $100 million after five years. That would translate, at today's prices of around $6/g. to about 37,000 lbs per year in five years time (the permits are only valid for three years). Even that number is wildy optimistic given the competition in the industry and the relatively small market for medical marijuana in Canada.
CEN might reach the $100 million sales figure in ten years if Health Canada's growth projections turn out to be correct. To do that they would have to capture about 8% of the market.
The 1.3 millionlbs figure is nonsense. It would need a growing area of over 1 million sq. ft., and would be enough marijuana to satisfy the current demand in Canada 20 times over.
Where did you get the information about the size of Tweed's growing permit? Do you have a link to that information?