Post by
John99 on Apr 20, 2022 10:25am
Thoughts
Consider these news release highlights
Confirmed news
7 months into fiscal year an 18% increase in sales year over year already
Increased agri production costs - fertilizer 2x, fuel 40% and severe weather but....
"Despite these extreme weather events, coupled with the dramatic rise in fertilizer, chemical and fuel costs, BVT has successfully retained the same level of sales year-over-year in Georgia,"
In the works
New markets being pursued
"This includes activity for additional acres that our Pacific Coast sales team is working aggressively to secure. This region is responsible for the production of one-third of all blueberries grown in the United States and we are in active discussions with some of the USA's largest berry growers. This, in the long run, represents a bigger opportunity for us compared to the Southeast."
Thoughts -
BVT isn't marketing fashion products. BVT is a positive market disruptor with one agricultural objective... more and better food.
People have to eat.
The tech BVT offers agriculture has consistently proven a significant decrease in crop disease and increased crop harvest. How crucial is this going to be going forward?
Comment by
bandit69 on Apr 20, 2022 3:09pm
Well stated and agreed. One thing BEE did drink their own Kool Aid about though was that they executed their business plan and increased sales/revenues in SPITE of Covid. Well deserved Kool Aid in my opinion. :) While most other businesses that have performed poorly used the Covid excuse to their fullest advantage.
Comment by
hoffbag on Apr 22, 2022 11:55am
Management spent almost 200k courting prospective shareholders Dec Q end up a 100k from 2020 comp. Time to focus the cash burn. Long lead product cycle measured in years not months. More dilution is coming. We will see if this is all that..... if they can sign a deal. This is not a stand alone enterprise.