Can't believe how many people don't understandAfter reading some comments I can't comprehend how people can be invested in a company they know so little about.
Why you shouldn't care about the regulated price of $1.40 Every governments plan with legalization is to not only generate revenue through taxes but to hurt the black market and their sales. You do that by selling for less and the black market price for marijuana in Uruguay is $3. THIS IS WHY THEY SELL FOR $1.40 and they can because they are THE LOWEST COST PRODUCER IN THE WORLD.
Why you shouldn't care about the revenue and profit margins of their cannabis sales Their goal is "TO BECOME THE WORLDWIDE LEADING PRODUCER OF CBD EXTRACTS." This process is 5-6 times cheaper than any competitor in North America and the profit margins of concentrates is ~75%.
Why you shouldn't care about the revenue generated from Uruguay Uruguay has a population of 3.5 million. That's less than the province of Alberta. The main purpose of being situated in Uruguay is to take advantage of its geographical, political, socioeconomical position.
Uruguay is a member of the Mercosur free trade agreement. This group includes:
Brazil (population: 208M)
Agentina (population: 44M)
Venezuela (population: 32M)
Paraguay (population: 7M)
Combined total population of 295 million people. Uruguay accounts for 1.2% of this population.
Uruguay is positioned as a regional logistics hub, with a remarkable location as regards the wealthiest cities in the region. The free zone, free port and airport and bonded warehouses regulations provide an ideal framework for the setting up of distribution centers to supply goods to said cities.
The agreement also has Bolivia, Chile, Peru, Colombia, Ecuador and Suriname as associated members with New Zealand and Mexico showing interest on the sidelines.The total population of these associated and interested countries is 260 million.
The combined total of all current and potential countries would come to 555 million people.
ICC Labs is segmented into an international market and recreational market. The recreational market exists to create an entry point in to the market itself and the international market exists to supply these markets with CBD extracts which will be their primary source of profits.
If most of what I said is new to you then you need to do yourself a favour and read the deck.
https://icclabs.com/hosted/ICCLabsInc.Deck.pdf
If you're not long you're wrong.