Monday, November 10, 2014 7:05:58 PM
2nd question: "What are the details of the agreement in terms of potential revenue?"
Mike's answer: "Let me say this, revenues from the labs I anticipate in 2015 to be somewhere in the neighborhood of $30,000 - $60,000 and that's really just a factor of how quickly we can get started up, how quickly we initiate our brand. I do believe that we'll be able to establish a brand where the dispensaries won't buy marijuana without our testing results." So, on the low end, I'm saying that it's somewhere between $30K-$60K per year."
"The Colorado opportunity -- we are looking somewhere in the neighborhood of $10K-$15K per MONTH. So, you do the math on that and you're looking at somewhere between $100K - $150K per YEAR. These are all NET numbers by the way. And so that gives me the confidence level that we will be profitable. Secondly, if we can work out this next transaction in Colorado, those numbers will double. That's how good that opportunity is."
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