Revenue projectionIn a recent article, AREV indicated their projected income which won't happen until they get product in place and start selling it which may or may not happen. Below is what they said,,and if that turns out to be reality, this stock will do well.
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The pre-revenue company is forging ahead with its plans to move from a research and development phase to secure licenses for its various businesses.
Management is bullish on the future, with Arev’s team now forecasting that its total revenue will hit C$15.5 million in 2019; C$66.7 million in 2020; and C$87.2 million in 2021.
It intends to work with licensed producers to take advantage of its 28 acre Sorrento property as a breeding, cultivation and processing facility.
It also wants to push ahead with its work on creating custom cannabis strains for clients from its BC location. Also on the agenda is more extraction work with Arev looking to cultivate hops as well as therapeutic plants for extraction and the formulation of natural health products and supplements.
Market forecasts project that demand for cannabis will hit C$4.9 billion to C$8.7 billion in Canada.
What the boss says
“Once we get the licenses in place, we can start selling everything that we’ve acquired and you’ll see significant revenue growth,” concludes Withrow.
“I work for the shareholders and I’m there to make money for the shareholders and I believe we can do that by implementing the strategy that we have."