OTCPK:DJACF - Post by User
Post by
dela90on Oct 25, 2017 7:05pm
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Post# 26859213
Don't forget about Phase II expansion
Don't forget about Phase II expansionI was reviewing DOJA's Listing Statement from July 31st 2017 : https://www.newcannabisventures.com/wp-content/uploads/DOJA-Cannabis-Company-Filing-Statement-073117.pdf
And this bit caught my attention:
"DOJA is focused on increasing its near-term potential production capacity. Planning for a sizeable Phase II production facility expansion estimated at greater than 40,000 square feet at its current site is underway and the company continues to conduct due diligence on other expansion opportunities. "
I take this to mean that the current 7,100 sq ft facility is only Phase I of at least II phases. Someone asked me a few weeks ago if DOJA was planning to expand at the dominion facility and I said no, not to my knowledge. Well, I was wrong. It looks like not only will they be expanding with The Future Lab, but they are quietly planning to expand at the Dominion Facility. If they can add another 40,000 sq feet of grow space at the Dominion facility that should allow them to produce another approximately 10,000 kg/yr bringing the total amount of cannabis production to more than 15,000 kg/yr. This is huge for us as shareholders and you better believe the market will take notice when the deal is complete and this is officially released as news.
Of course I am speculating and there are risks inherent in all of this but it seems that this is part of the plan. I am even more confident in my investment now and although I am in the red right now I know that as they reach these value creating milestones the market will take notice and we'll be back on our way up.
Patience is a virtue. There's no need to panic. We're in good hands. Management is focused on creating shareholder value because they are significant shareholders themselves. Just be patient. Do your own DD and make your own decisions. I am not going anywhere. Let's go DOJA!