RE:RE:RE:Market CapMJ MadeMeRich wrote: What I got from the NR was 2 pieces of important information people seem to be overlooking. In the NR they say the expansion will bring in 50K... The way it's worded makes me believe it's 50K + current production in the 220sqft. Also, they said they were having a ribbon cutting ceremony in mid September before they get the license approval... The way they worded that has me believe they're expecting the license in or around mid September.... Not a very long wait at all. You can buy cheap shares today or pay a premium in late August onwards.
Rpizzle wrote: I think the market is waiting for Health Canada approval of the expansion, and some positive financials. Also, Eve is very conservative as far as marketing goes which seems very counter productive considering legalization 2.0 is around the corner.
No, this is about 50K anually
PRODUCTION AND EXPANSION CURRENT SIZE
• 220,000 sq.ft. existing greenhouse space
• 120,000 sq.ft. original with 100,000 sq.ft. new flowering room
• Production Capacity: ~800 kg per month
EXPANSION • Estimated completion June 2019
• 780,000 sq.ft. expansion • Increases capacity to ~4,000 kg per month
• Construction cost: ~$32 million
COMBINED CAPACITY
• 1,000,000 sq. ft. total greenhouse space
• ~50,000 kg per year The capacity was increase to about (~) 50k per year
~4,000K per month x 12 = about ~48K, so about ~50K per year 220,000 sq.ft. + 120,000 sq.ft. + 780,000 sq.ft. = 1,000,000 sq.ft.