Post by
peashoot33nowor on Aug 26, 2019 10:44pm
3Q report highlights
1. JWC2 (Phase 1) 11,00 ft2 is operational
2. JWC2 (Phase 2) + 11,000 ft2 licence granted and progressing to fully operable
3. JWC2 (Phase 3 & 4) 44,000 ft2 full buildout is expected in 4thQ
4. Yield observed is 261 grams/plant versus 204 grams/plant previously disclosed, 28% more product / plant / ft2 (this is massive revelation - means their previous business model is outdated and JWC2 will be even more profitable than envisioned, at essentially zero net cost increase.
5. Growthstorm IP value is much greater
6. $2.39/gram operating cost which will naturally decrease further to say $1/gram as full build out occurs
7. JWC 2 full build plans - 2 options they are considering 1) use cash generated from existing build out to fund additional phases (brillant thinking .. IMHO) why take any unneccsary financial risks 2) obtain non-dilutive financing to fund the balance of the $30 million needed for JWC 2
8. Bottom line they are going to prove by the end of this year, breakeven results and profitable operations in 2020. This will only 44,000 ft2 of flowering rooms? Not to mention th extra $25 million from increased yield. What Nathan is essentially stating the aeroponic's system at JWC2 will be extremely profitable. So why take any uncessary risks and be greedy!!
9. All product cultivated has been accounted for in sales contracts to the end of the year. No issue with sales, marketing, product acceptance, quality, etc. It;s all good and marketing is growing.
10. CMA new investment firm from Orange County CA - will only help on getting the news out to CAN & US investors.
Patient investors will be richly rewarded.