Palisade, CO, Oct. 16, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Western Sierra Resource Corporation (WSRA), formerly Western Sierra Mining Corporation(WSRA), announces its 12-month revenue forecast of $15.6 million. The Company’s robust October harvest of more than 15 acres of high-quality hemp should yield $12,600,000; this forecast is based on published wholesale pricing at 2 cents per milligram of “CO2 extracted” full spectrum CBD. The additional “terpene” harvest that CO2 extraction allows will add an additional $750,000 in value-added revenue. Extraction services revenue @ $90.00 per pound will yield in cash or oil-exchange an additional $2,250,000. An extraordinary line of full spectrum CBD infused jams, tinctures, capsules, balms, salves, lotions, and beverages has been developed, and new products are being consistently introduced and readied for manufacture.
As the material from this month’s harvest is processed and inventories of high-grade CBD and broad-spectrum cannabinoids are accumulated, the custom retail products will be packaged and shipped through a series of retail distribution networks. The Company’s current and potential national distribution partners met last week concerning the logistics of retail sales at the Company’s Palisade, Colorado, facility. Manufacturing and packaging will be phased to coincide with the increase in CBD inventories.
This $15.6 million forecast does not include the retail revenues anticipated from increasing demand for existing products; or potential sales revenue from newly formulated full spectrum products soon to be unveiled.
Revenue forecasts specific to retail sales volume will be announced as fulfillment schedules are finalized.
