9445 lbs of weed = more than $20 million revenueThe interview w/ david Sidoo states that Juva Retail is producing $2.5-3 Million a year right now.
In the press release it states
Juva currently has two conditional use permitted facilities in the city of Stockton with 62,600 sq. ft of warehouse space projected to produce over 9,445 lbs. of annual cannabis production.
It doesnt take long to grow weed!
9,445 lbs of weed a year x lets say $2000/ lb = $19 Million/ year
I dont think these guys are growing junk and I dont think they'll be selling by the pound. I'm thinking they'll be selling by the gram or converting to oils and selling in there own retail stores for a whole lot more than $2000/lb
https://www.priceofweed.com/prices/United-States/California.html
Lets say they sell the good stuff for $4000/lb = $38 Million a year
SLAP A 50X OR 100X VALUATION ON THAT AND WERE BACK TO MULTIBILLION DOLLAR VALUATIONS!!!
Any Canabis dealers or clients want to chime in on this? Help us put a value on 9445 lbs of weed. I dont do the weed but i sure want to learn about it as quickly as possible!
Heck, I just convinced myself to buy more shares on Monday,