GREY:BLEVF - Post by User
Comment by
newGuy01on Sep 07, 2018 8:42am
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Post# 28577926
RE:RE:RE:RE:Expansion
RE:RE:RE:RE:ExpansionGo look at the balance sheet, they've capitalized their product inventory. I am not going to do your work for you so find the figures yourself. As for production, we have some of the highest yields in the industry despite our relatively small production profile currently. If the 80k expansion is completed by the end of the month, flowering cycle is only 6-8 weeks. If you're worried about missing sales in the first month of two of rec legalization, you are very myopic and should probably move on to another stock. GLTA
linguinee wrote: Yes and yes.
It's easy to get swept up in news but the news I'm really waiting for is that we've a production facility that's actually ready to produce. We've (as yet non producing) acreage in Columbia, a perpetual construction saga in Flamborough and now a substanital London facility that hasn't a specific timeline of production outlined beyond Phase 2 comes after Phase 1. Please note that Health Canada has yet to license London for production, i.e., more government red tape to navigate.
The plan as of last year was that the joint venture with CBW (200K facility funded by CBW but managed by BE) was to be the next step in expansion beyond Flamborough -- an expansion that would've been completely at CBW's expense. With the acquisition of the London property I'm starting to wonder whether that will ever happen at all.
Meanwhile, legalization is less than six weeks away and all we have to meet demand is what a 14.5K sq/ft facility can produce.
I sure hope London comes on line sooner than later.
factblaster wrote: are you even a shareholder.....do you realize what non-convertible debt means for you as a shareholder?
the fact that the company has a second site is amazing news.