RE:RE:financial statementsHow is the equipment readily available ? Their C02 extractor is one of a kind and considering its only going to be legal to export oils to other countries that are looking for more medical supply from Canada for the near future, I think the path to profitability is clear and not to far off when export channels are opened.
Blissco is well on their way through the health Canada regulatory process and close to EU GMP certification with LOI in place with German pharma company. Multiple provincial supply agreements and active medical clients who purchase directly from their website. This is a well thought out business that compliments existing assets and is currently collecting revenues that will grow q over q.
The great thing about oil production is you don't need a large space for manufacturing, with more dried flower inputs to come from 7Acres and focus on downstream products for the Canadian rec market I think there are lots of revenue generators in this asset that will as CEO Kettlewell has commented before will create high profit margins in a short period of time, the path to profitability just as with 7acres is near term.
In comparison to purchases by peers in third world countries at that for a fraction of the price we got an asset in Canada, I like the move and hope to see the Blissco CEO moved into a more senior role at the company.
GLTA