00 kgs of Carefully Crafted Premium Indoor Cannabis Marks Pivotal Milestone
VANCOUVER, April 20, 2020 /CNW Telbec/ - Cannara Biotech Inc. ("Cannara" or the "Company") (CSE: LOVE) (OTCQB: LOVFF) (FRA: 8CB), an emerging vertically integrated cannabis company focused on indoor cultivation, processing and sale of premium dried cannabis and cannabis-derivative products, today announced the first successful harvest from one of Canada's largest indoor facilities, located in Farnham, Quebec. This scale and location provides Cannara with unique competitive advantages.
"Our core principle from the beginning of this venture has been premium quality always wins," said Barry Laxer, COO of Cannara Biotech (Quebec) Inc. "All the measures we are committed to, from seed genetics to growing conditions to packaging protocols are all aimed at producing the best possible finished product. That's what retailers and their customers want."
The first harvest will now be carefully cured on their original stems for 14 days, in vigilantly monitored rooms with ultra-precise humidity and temperatures. This crafted tradition results in visually attractive and high quality buds, with intact trichomes and preserved terpenes. Following today's harvest, Cannara's state-of-the-art facility with best-in-class lighting, temperature and humidity controls now swings into full production with two flowering rooms harvested each week.
To share in this historical event, a video highlighting the harvest will be posted on the Company's website later today at 4:20 pm.
20 000 Kg / Yr projected production in Phase 1
20 000 Kg / 52 weeks = 384 Kg per week.
20-04-2020 300 Kg of premium canabis done in the first harvest of the first 2 chambers...
300 kg x 1000 g = 300 000 g
300 000 g x $7/ g = 2 100 000 of product @market value (sqdc) / week
If you assume they sells their product at $4 / g to sqdc...
$ 62 400 000 /yr = 15 600 kg / yr of production.
$ x /yr = 100 000 kg per year of production
x = $400 000 000
Expenses = ?
Salaries = ?
Electricity = ?
Put your numbers.... but there is room!
Happy shopping!!!