New Press Release....PURE just put out another Press Release.... of note, by mid 2019 Phase II will produce 4,000 kg/year, from my calculation and comparision to other companies, this is equal to about $20 Millon in revenue. Then by end of 2019, 8,000 kg equal to $40 Million per year, for a total of $60M per year just for these phases, Phase I is already producing. I can do the math, looks like a good long term revenue play developing that could be acquired by one of the big players.
Pure Global Cannabis is also on track to increase production significantly in 2019 with PureSinse. Its Phase 2 facility expansion plans are expected to be completed by the first half of 2019. Phase 2 will increase the facility of 18,000 sq. ft with estimated production of 4,000 kg. per year. Phase 3, which is expected to be completed in the second half of 2019, will complete the company's research and development lab, expanding the facility to 41,000 sq. ft, increasing production to about 8,000 kg. per year.