Tuesday, September 05, 2017 8:06:32 PM
I think this is an excellent topic to discuss and clarify: what does the new consulting area mentioned in the PR mean for GROZONE as a whole.
why was it important to mention the Health Canada bit, and the registration on the PR?
I must confess I originally didnt get it, but after seeing the discussion in the board I started to "get it".
Basically out of the many growers hoping to get licensed (1,665 applications as per PR) only 25% advanced to the "in progress " stage (416), which means that 1,199 applicants still need a lot of help, and GROZONE has identified them as an area of opportunity, that is, potential clients.
Now lets assume that out of these 1,199 potential customers only 50% ( 599.5, which we will round to 599) become real clients, and they each buy a small contract.
Here lets assume that a small contract means only 50k, we already know that a company invested 1mil and will invest again 2.8 mill (just one customer), so we know that some companies have thw money and are willing to invest a large amount, but for the sake of being conservative, lets assume that the average contract is worth only 20% of the first million dollar contract, 50k. (THIS IS ALL HYPOTHETICAL)
when we multiply the customers
599
times the amount of money they are willing to spend
50k
we get
$29,950,000.
This is all a very hypothetical example of course, but it is an example that we can now come up with thanks to the PR.
That was just my own thoughts though, I usually miss the important stuff. Anyone care to add to the discussion?
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