TSXV:EVE.H - Post by User
Post by
reallyBobbyZon Nov 09, 2020 9:19am
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Post# 31861787
Extraction NEWS...Old Bud in vault sold UNDER COST?...CHEAP?
Extraction NEWS...Old Bud in vault sold UNDER COST?...CHEAP?EVE has a vault full of old bud it couldn't sell. Stuff that was flowered in Room 2 before Room 3 was ready.
Bud over 90 days old is not considered "prime" and it loses potency. A lot of the bud in EVE's vault is way older than 90 days...maybe a year old?
So now, at least EVE gets something for it once NextLeaf shares whatever profit can be made by selling it after extraction.
Probably cost EVE $1.25 per gram to grow but they will be lucky to get 30 cents/gm for it....once extraction firm processes and sells it.
IF NextLeaf takes the whole 5,000 kgs/year = 5,000,000 grams/year = maybe $1,500,000/year? Better than a complete loss on old bud.