Columbia Rose TAP ContractWondering when (..or if) they'll be able to close out the Columbia Rose TAP
From Nov. 8/23 press release:
The TAP is expected to conclude after Valentine's Day 2024 when CO2 GRO and the Rose Grower plan to finalize terms for a commercial deployment. The Rose Grower has 4 million square feet of rose greenhouses, all of which produce high-value roses for export.
If they're able to get this closed and signed... wondering what thoughts are on value? Believe they're hunting to be in the $1.00 - $2.00 / sq ft range? So $4 - $8 million potentially getting brought in? That also seems to fit with the feedback they do give of roughly 1-2? 2-3 year payback timeline?
From same press release:
The TAP began in January 2023, and as of the end of October 2023, has yielded 38% more rose stems in the CO2 GRO beds versus the control group. This means potential additional production of over 125,000 more rose stems per hectare annually, which generates an additional $62,500 more revenue.
Which would leave them at just under 2 year payback for $1/sq ft.. just under 3.5 year payback for $2/sq ft
We are coming up to 5 weeks post-Valentines Day. Would be fantastic for our Sales Team to make this sale and give us a small but meaningful shot in the leg