RE:RE:Value of the indoor grow in USD and Cad.......by the numbers To be fair, the news release was actually very clear about the details of this harvest. Unless the total amount of "finished flower buds" ends up being less than 69 pounds, as far as we can tell they haven't misrepresented anything.
"Core Isogenics Inc., has harvested 345 pounds of flower from its indoor facility at 9501 Commerce Way in Adelanto. This is the first harvest from the facility and accounted for approximately 10% of the cultivation area."
"The 345 pounds of flower buds are now being dried and are anticipated to yield finished flower buds of approximately 20% or 69 pounds of marketable flower."
https://core1labs.com/wp-content/uploads/2019/12/12-12-2019-first-indoor-harvest.pdf
There's no question that this company has a history of posting misleading information and flat out lies in their news releases and I would like nothing more than for COOL to get new management, but as far as we can tell this news release isn't misreprenting anything.
I'm not sure why tor1712 thought COOL would be producing 800 pounds per month. I wish that was true, but it's not.
Hopefully these numbers improve though. If we are producing 69 pounds per week going forward, then every 10 week harvest cycle COOL will produce 690 pounds. Based off current market price for high quality indoor grown flower, that's $828,000-$1,242,000. Not bad, but our monthly expenses have been around $700,000 for a while now so even with this positive news, this company is still bleeding cash.