RE:RE:RE:RE:Labs is pulling away Sure Labs is doing good with the share price now, let's see their financials tomorrow... Surely won't hurt us if they are good... Only thing I'm still sceptical about them is people are going crazy apparently about them, but they bought 5000kg of dried cannabis to process... That's nothing, when they are bragging about having 250 000kg of capacity... In my opinion they will be having a hard time finding that much weed... On the other had VGW has got huge contracts with minimums like 30 000kg a year... That's why VGW is also my pick long term... And labs got one time contracts... Anyways GLTA TBM I bought more VGW today because for me it's still cheap !
lscfa wrote: I own both LABS and VGW. At the moment LABS is using its capacity more profitably than VGW by doing less contract extraction and more oil production/sale.
| | Contract extraction | Produce and sell oil |
| Capacity kg of dry | 100,000 | 100,000 |
| Oil output 1/10 | | 10,000 |
| Contract rev | $0.50/gm | |
| Wholesale Oil rev | | $50,000/kg |
| Contract rev | 50,000,000 | |
| Oil sales rev | | 500,000,000 |
| Gross margin | 90% | 25% |
| Gross profit | 45,000,000 | 125,000,000 |
Geo1967 wrote: I will be paying attention too, but my gut still says Valens will be the best long hold in the sector
Coffeeuke wrote: Labs Q1 financials tomorrow. Will give some good insite into Valens earnings. Should be interesting to see.