Received Email From IRI received an email from IR today.
The new rooms have been in operation since the fall and have each have had at least one full harvest.
Supreme finished construction on approximately 100,000 sqft of additional completed rooms which are awaiting Health Canada approval.
They expect full completion of the build out by the end of March. After their approval by HC it will take approximately 2-3 months and then each flowering room will have had a minimum of one harvest.
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My thoughts
7Acres was licensed to grow in 90k sqft on Sept 5, 2018. Q1 ended Sept 30, 2018. We anticipate Q2 financials in March, for the months of Oct to Dec end.
Approximate yields @ $5/g or $5000/kg
13000kg / 12 months = 1083 kg per month ($5.4 million per month)
13333kg / 12 months = 1111 kg per month ($5.6 million per month)
Approximate yields @ $6/g or $6000/kg
13000kg / 12 months = 1083 kg per month ($6.5 million per month)
13333kg / 12 months = 1111 kg per month ($6.7 million per month)
My guess is 10 to 15m+ for Q2.