GREY:CHALF - Post by User
Comment by
PotStockeron Nov 30, 2015 10:38pm
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Post# 24341177
RE:If you like Q3 just wait for Q4
RE:If you like Q3 just wait for Q4RenRok wrote: Some very nice numbers from Q3. There is no doubt at all now that GLH has the best numbers in the sector.
What is even more impressive, is if you look at how many extractors they had in operation during Q3 to acheive those $3M in sales.
From Sedar
In February of 2015, GLH acquired a second CO2 oil extraction machine which became operational in March of 2015, effectively allowing GLH to double its C02 extracted cannabis oil production. A third CO2 extraction machine became operational in May 2015 and GLH ordered two more machines in June which became operational in September of 2015 So from this we can see that during the 3rd Qtr GLH had
3 machines running in July
3 machines running in August
5 machines running in September
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Q3 Total Machines = 11 Machines and $3m in revenues
Now look at what we know is happening during 4th qtr
7 machines running in October
7 machines running in November (at least)
9 machines running in December (at least)
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Q4 Total Machines = 23 Machines (at the very least) so how much more revenue will they be bringing in in the 4th Qtr with at least double the machines in operation? Add to that the higher yields they are achieving, and throw in another $1milli for flower sales.
Add it all up, and you can see why Don Robbinson thinks we'll be close to $16mill for the year.
the year means 2015 or fiscal year?