In case anyone is interested...
This is a copy of a post I wrote after the last financials when someone asked for a prediction. Take it with a grain of salt I guess...
Trying to predict revenue in this company is almost impossible with the data we have. Originally they said they had a production footprint of 59,000 Sqft. Then later they changed that to 39,600 Sqft. Then Dan got fired/laid-off/reassigned? Then they changed the number back to 59000 Sgft. They called those numbers current.
They give a best guess formula of 1000Kg per 10,000 Sqft.
They list the price in the Financials as between $3 and $10 per gram splitting the difference makes it $6.50 per gram.
Based on this from the last investor deck none of these numbers work.
Option Co is pre-license and GENE only owns 50% of AB labs.
Revenue is $1,744,428 if you divide the revenue by $6.50 that equals 268,373 grams sold.
The Financials say they have 389,590 grams in various inventory stages 389,590 + 268,373 = 657,963 grams either sold or in inventory
So Acreage pharms and AB Labs = 39,600+7,500 (the 40,000 is rounded off) equals 47,100 Sqft
Does that mean they grew 657,963 grams divided by 47,100 Sqft or 13.97 grams per square foot? Or does that mean there were 47000/10000X1000X1000 grams – 657,963 about 4 million grams that didn’t make it to harvest in time for the end of October?
Does that mean we will have about 4.7 million grams sold between the end of October and the end of January for the March Financials for about $30,550,000? or will it be more?
Does that mean the Sqft listed in the Deck is BS? Or the “Industry average” formula is BS?
Your guess is as good as mine at this point.