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MYM Nutraceuticals Inc MYMMF

MYM Nutraceuticals Inc is a Canada based company engaged in the business of acquiring and developing natural remedies. The company is focused on the medical marijuana business by producing cannabis growing facilities and products.


GREY:MYMMF - Post by User

Comment by RockMaschineon Feb 19, 2021 6:12pm
168 Views
Post# 32616358

RE:RE:RE:What proportion of sales comes from Laval?

RE:RE:RE:What proportion of sales comes from Laval?Sublime is purely cultivation with shipping of product to Highland's facility that was updated over the course of last year to handle higher processing volumes. Highland has grow space but I'm not sure how much is being utilized. The current grow cycle is resulting in a harvest every 5 weeks or so.

I look at the accounts receivable and inventory to get an idea of incoming revenue. October shows 1.5 million inventory and January has 2.7. Accounts receivable is at 1.8 as of January.

Taking that into consideration I think monthly sales is probably now at 1.5-1.8 a month not including a fully ramped up Ontario distribution. Ontario wants to drastically expand retail. I expect the selection of product to increase from the two skus just sent out. Coastal Connection in the large size would be a great fit for Ont. Next quarter should report close to if not above $5 million.

Highland's biggest competition is still the black market due to price, and Broken Coast amongst the LPs. It does seem like a good niche is being carved out. A product in demand that sells out is great for business. Slow organic growth through a quality product. Reputation is built by word of mouth and given the fact Canada has terrible marketing laws means grassroots is the only way to build a customer base.

Watch the growth of Twitter, @highlandgrow followers to get an idea of interest. They've picked up a lot over the past few months. And as of an hour ago just announced new product shipments to Ontario including a fantastic potent strain called Gaelic Fire. That stuff sells out before the end of the weekend here on the East coast.
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