2021 Milestones Outlined in November 2020I was looking for when we can expect the next Quarterly financial results and found this release from last November. Thought it may be interesting to revisit the guidance below.
The following objectives will be the Company's priority in 2021: - Focus on US revenue growth and secure a minimum of CAD$1million in revenue;
- Hire additional salespeople to serve key US markets (e.g. Pacific Northwest, California, Midwest);
- Accelerate marketing to raise awareness of BVT in target markets;
- Initiate grower trials in California, the biggest market opportunity for BVT in North America, to build demand and lay the groundwork for possible revenue in 2021 in anticipation of imminent regulatory approval;
- Finalize business operations for Switzerland including partnerships, plus increase grower trials in anticipation of near-term regulatory approval; and, Initiate grower trials in Mexico with influential players, where the Company expects to submit for regulatory approval in the coming months, to facilitate rapid commercial adoption once approval is achieved.
"Achieving these short-term objectives will cement BVT as a revenue growth generating company," continued Mr. Malik. "They will create value in the near term, which will in turn allow the company to work on longer term objectives around market expansion and product line extensions." We should also be getting another such update shortly..