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Wednesday, November 09, 2016 8:08:09 PM
DD/ARTICLE:
The Arcview Group (and fortune magazine as well as a dozen other reputable journals) forecasts the California MJ industry to grow to $7,600,000,000 in three years. That's 7.6 billion dollars folks.
http://www.marketwired.com/press-release/new-california-marijuana-market-projection-2173911.htm
In one year, all cannabis MUST BE TESTED.
SGBY has the majority of the Oregon Market and will open up 17 more labs in California. They just acquired one with 1300 customers. Typical testing averages out to be $300 per sample (full array of tests) and usually it's done for every 10lb batch. Let's just say these customers test 4 times a year (very very very conservative....again 10lb batches). That's 1.56 million dollars in revenue. Multiply this by 17 labs and that's 26.5 million dollars.
Some argue that it's seasonal, but in door grows and EDIBLES are not seasonal. Force people to put edibles on the discussion counter...it's conveniently"forgotten."
Do the math folks.....the industry is saying SGBY could be the quest diagnotistics. Where else can you folks invest in a testing laboratory on the OTC?????? This is one of the best penny stocks to stay long. If you keep frantic buying and selling, it does nobody any good.
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