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Bullboard - Stock Discussion Forum 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 Discussion

MYM Nutraceuticals Inc > What proportion of sales comes from Laval?
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Post by Haiku123 on Feb 19, 2021 3:22pm

What proportion of sales comes from Laval?

Maybe someone can help me with the following thought experiment. If Highland Grow is a safe bet for $1.3 Million -$1.4 million a month, that makes something about $4 million in revenue per quarter. And in Q2 they had excactly a gross revenue of  $4.1 revenue. Where are the sales from Laval? Are Laval really just made a revenue from $100 000 more or less?
 Am I missing something? Is that normal for the first Quarter? I thought they might be able to sell more from the beginning .Any ideas?
Comment by WeeblesWobble on Feb 19, 2021 3:45pm
From MD&A filed Jan.29/21: "The Laval facility is a 10,000 sq. ft. newly constructed, highly optimized, indoor facility. The facility includes mothering and cloning areas allowing for genetic development and archiving. SublimeCulture is optimized for growing premium and high THC cannabis. The facility focuses on the cultivation of unique and proprietary genetics from its library of over ...more  
Comment by WeeblesWobble on Feb 19, 2021 4:18pm
Also (and perhaps most importantly), the Laval license is cultivation only.  No processing or sales permitted ... yet.
Comment by RockMaschine on Feb 19, 2021 6:12pm
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 ...more  
Comment by biketrader98 on Feb 20, 2021 9:28pm
Definitely need to enhance growing sq footage.  Having the product sell out seems like a great problem to have but I'd rather see a consistent offering across the country.  Hard to believe that the existing footprint will be able to handle the demand. Can't believe the market cap for this company is just $32M.  It hasn't kept pace with the growth of the company.  & ...more  
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