GREY:CBICF - Post by User
Comment by
invfordollarson Feb 28, 2018 5:04pm
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Post# 27639506
RE:Financials
RE:FinancialsTrue that there is no major new source of revenue, however, there should be some growth.
- The MPX concentrates will have had more time to sell through both their current dispensaries and the Nevada market in general. All of their production capacity has been selling. They are currently adding a new manufacturing site that will be up and running by the end of the summer. The MPX brand itself is terrific and they are developing the marketing collateral.
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- The dispensaries are growing at a steady rate and should show better volume in these financials.
MPX has a lot going on in the next few months. They are talking about being in 10 states. It is easy to identify 9 of those of those states but not sure the other one. They have the new dispensary coming on line in April. They have a new manufacturing site for the concentrates. The grow facilities are maturing and a new one is being put in place currently. The mass dispensaries are planned for the summer. They are close but not sure exactly when. The team overall is very professional.
I for one am very excited by what is happening. Has been a tough month for all of us investing in the weed market but things are looking brighter. Today the stock did quite well and perhaps the bottom has recently passed. Also seeing a number of other cannabis stocks starting to move in the right directly.
MPX has a nice nich in the concentrates area and this is a growing segment. I have been to about 20 dispensaries, asking the local sales reps, and it appears that concentrates are currently about a quarter of sales volume. Concentrates are the highest margin segment compared to green, edibles and other products (creams, lotions ect). In addition, the MPX concentrates are very pure and one of the healthiest ways to consume cannibas.