Comment by
maritimedreamer on Jan 02, 2019 8:23am
i'm ont sure if i am reading this correctly....... did we get 10 rooms approved? as they stated 19 now by end of dec..... but from my memory they were using a run rate of 90,000 sq ft, which were for 9 rooms.... now that thye stated 19, does that mean 190,000 sq ft? little confused here.....
Comment by
KnifeMaker on Jan 02, 2019 9:35am
So 19 rooms completed , now we wait for Health Canada Approval so they can start growing product in those rooms. 90,000 sq ft growing, 100,000 sq ft awaiting approval. Hopefully my math is right.
Comment by
nearnorth101 on Jan 02, 2019 10:13am
That's right, hopefully HC approval is very soon and then the production at 7 acres will be more then doubled for the first half of 2019
Comment by
johnale on Jan 02, 2019 10:16am
thats about 24k kg - THATS 150mil in annualized revenue run rate..... should be 3.75/share based on that type of revenue. (obviousy they need to execute and show it) Rally in the weed sector - looks like a nice recovery from here for the whole sector. Might big a huge climb today.
Comment by
KnifeMaker on Jan 02, 2019 10:18am
Does anyone know how long it takes from planting to ready for sale? I thought it was about 6 or 7 months. If so we should see the sales form the new rooms starting in July or August and probably spread out throughout the back half of the year since they can't plant all 10 new rooms at once. Does that make sense?
Comment by
jpm59 on Jan 02, 2019 10:22am
i was told it's about 4 months from planting to actual sale. About 3 months from planting to harvest then about 1-2 weeks for product testing/inspection from Supreme and another 1-2 weeks for purchaser to test product.
Comment by
Tomharley on Jan 02, 2019 10:03am
19 rooms and 3 cents. Oh god. Nothing helps these guys