TSXV:NSP.H - Post by User
Comment by
CaptainUpUpon Mar 28, 2017 10:52am
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Post# 26040252
RE:RE:RE:I checked out the NSP facility in Pitt Meadows on March 20th
RE:RE:RE:I checked out the NSP facility in Pitt Meadows on March 20thI concur with everything you've said here.
Dave and Craig told me the exact same thing about the co-packaging when I was there.
They explained that they are being strategic as far as who they join with for packaging . . . in an attempt to only co-package with companies that they can do further business with in terms of making product deals with those same companies. They did say that early on they may have to make a few deals with companies that may not be ideal just to create some revenue, but eventually they'd ideally only complete packaging deals with companies that bring more to the table. Which makes total sense to me. The revenue the packaging side of things brings in just gives them extra capital to keep things running and help support the bigger stuff they're doing.
Also, I didn't mention this in my previous posts about my visit, but aside from the packaging equipment itself, the actual space they built at the new location is actually quite impressive. From the walls to the ceiling and everything else it exudes professionalism. They aren't in some dirty old warehouse that looks derelict . . . thought and care was put into the space where they now store their product that is ready to ship and the expensive, new equipment. Seems unimportant to mention walls and ceilings and shelving, etc., but when it comes down to it, it shows these guys are true professionals.