As a follow up to this message...
As IVXX continues to grow rapidly -- though only 52 dispensaries have been Press Released, we are now in 120 dispensaries...
AJ Fabrizio, the extraction expert for IVXX, was only making 1 tray of product (400-500 grams) per day in July.
3 months later, he is making 4 trays of product... Conservatively 1600 grams per day.
With each gram selling for $30 wholesale, the revenue from IVXX has really ramped up logarithmically.
That is about $50,000 worth of product being manufactured daily.
Even if we cut that in half, to be really conservative, that is $25,000 of product daily or $2.2M on a quarterly basis.
Why hasn't TRTC communicated this yet?
I don't know.
Only I can tell you that these are facts that can be confirmed.
Another way of looking at it.
IVXX was in 11 dispensaries in the first 4 months of operations and they sold $430,000 worth of product during that time.
Now they are in 120 dispensaries, an increase of 1000%.
If we multiply $430,000 x 10 = $4.3M over a 4 month period = $1.1M monthly.
So using the amount of product manufactured currently or using the percentage increase in dispensaries, we can arrive at a range of IVXX revenue being generated on a daily basis and a quarterly basis.
Let's make some assumptions to make the model as realistic as possible.
Let's say that out of the 120 dispensaries, only 1/3 of them are fully stocked and selling a good amount of product.
So that is 40 dispensaries.
Remember, that during the first 4 months we were only in 11 dispensaries.
Based on my channel check calls and watching weedmaps daily to see when IVXX sells out and restocks, it is very apparent that IVXX is selling about 3 times more product over a given time period than they did during the first 4 months of sales.
So we have 4 times as many dispensaries and are selling 3 times as much product in a given time period at those dispensaries.
I will lower the rate of sales to 2 times just to be extra, extra conservative.
This means that IVXX is generating 8 times as much revenue as they did in the first 4 month period of sales.
$430,000 X 8 = $3.4M
$3.4M divided by 4 = $860,000 monthly.
Now that $860,000 monthly would start in October, since this is when IVXX first reached the 120 dispensary mark.
So without any increase in dispensaries during Q4 -- which is silly, they are adding 1-2 every day -- this means that IVXX Q4 revenue would be $2.6M
These are huge numbers.
Going from $100,000 in revenue per month to $860,000 in revenue per month is such a short period of time is an extremely good sign that IVXX is really taking off as a product in high demand in the marketplace.
What this also means is that IVXX will be the thing which attracts investors to TRTC, once the word gets out that it is growing so rapidly.
This means retail investors, but it also means private placement investors -- and these private placement investors with restricted shares will finance the Nevada buildout and make Magna and Dominion irrelevant.
This is my conclusion after doing a lot of research.
I expect really big numbers in Q3 for IVXX but Q4 revenue will be somewhere between $1.5M - $3M depending on supply and distribution constraints.
Good luck to all.
Sleek
