GREY:YOURF - Post Discussion
Post by
nozzpack on Aug 26, 2021 5:06pm
Going Forward
Take for example Venom Extracts which currently operates an 11,000-square-foot cultivation facility located in Phoenix, Ariz.
In 2020, Venom Extracts produced more than four million grams of product and in the first quarter of 2021, Venom Extracts produced more than two million grams of product.
The acquisition of the 700,000 square ft cultivation facility, just announced is transformational as it permits Holl to produce and sell it'd products in California beginning in Q2 of 2022.
Califirnia cannabis market is 7 times that of Arizona .
Phase I involves tripling the cultivation potential to three times current levels in a market that is 7 times larger.
A few quick calculations shows that the 2022 production should reach at least 20,000 gms assuming only H2 production from the new 700,000 square foot facility .
From there onwards , as new States are federally regulated, Hollis could be supplining at a revenue rate 5-7 times current levels.
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