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Re: None

Tuesday, 01/29/2019 4:41:04 PM

Tuesday, January 29, 2019 4:41:04 PM

Post# of 9635
I Found this Hempoland article from August 25th 2018, written in Polish (Probably why it was never noticed)
But in there the old CEO talks about business and about TGOD buying them out.

You will need to translate it,

https://msp.money.pl/pomysl-na-biznes/artykul/bedziemy-gotowi-na-rekreacyjna-marihuane,45,0,2413869.html


"How big? From a financial point of view?

Last year we closed at around PLN 3 million profit
."

This is equivalent to $1 Million Cdn. of net profits for 2017.
Now it doesn't say anything about margins or revenues but apparently Dried Hemp flower sells for around $200 U.S. a pound.

In 2017 Hempoland Produced 32,000 kgs of dried
flower and 310 kgs of CBD extract,
In 2018 They produced 91,000 kgs of dried flower and 700 kgs of CBD extract.

"Nevada hemp growers surveyed by Marijuana Business Daily report that the market is fetching:
$200 or more per pound for flower, depending on CBD content and quality.
About $10 per pound of food-grade seed, or $45 per gallon for seed oil.
About $200 per ton of baled fiber."

https://hempindustrydaily.com/hemp-state-highlight-nevada-enjoying-sky-high-prices-can-farmers-luck-last/

In 2018 they sold 91,000 kgs of dried flower and it equates to 200,200 lbs

Lets use a conservative $150 a lbs X 200,200 = $30 Million gross revenues, and this does not include the CBD extract they are selling...
And remember, organic fetches an extra 10%!

So for people saying TGOD is not selling anything, Im convinced we will be surprised come Feb 27th when Q4 2018 comes out.