info... Has anybody read the Merrill Lynch doc? On April 29 the bullboard showed that doc, it states that 7Acres sells 80% of it's production to other LP's... According to Carey’s note, although Supreme sells 80 percent of its product to peers in the Canadian market, it sells in bulk for nearly the same prices that others are selling at retail. At CA$6,000-7,000 per KG ($4488.60 - $5236.70), Carey asserts the company has a “much more efficient (higher margin) delivery format.”
WHAT THE F**** I have read a great deal of materiel on 7Acres, never came across that nugget. It would explain why they do not yet have a contract in all Canadian jurisdictions. They need the product in order to deliver. 7Acers will be able to produce much more in the next few few months and get those needed contracts. Looking forward to May 15, August 15 and november 15....
GLTA