OTCPK:NCNNF - Post by User
Post by
sim_1on Oct 06, 2019 2:25pm
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Post# 30201301
As it occurred to anyone
As it occurred to anyoneThat we don’t need 40000kg if we can’t sell 40000kg?
it’s no longer about capacity, it’s about sales, actual deals, and NRTH has about 11000kg committed from the farm, which is huge for a company with 5MM$ in revenue as of June 2019; should translate in 30-40MM$ of revenue comes June 2020. That’s the target for now: deliver on the signed contracts... and would be a tremendous leap forward. But come on, we’re not going to sell 40000kg this year... harvesting 50000kg, 60000kg would be a waste of resources in my opinion.
Agree that they need to prove the model, show that the farm is viable - but if we end up destroying excess inventory down the road might as well leave that energy in the soil for future seasons...