There will be 52 harvest a year, according to Rahim Mohamed, CEO of Liht. I got tired of the confusion on this aspect of the business, so I texted Ann Hodgson, Rahim's executive assistant, and asked her! To my surprise, my text was returned by a phone call from Rahim himself, who explained the details of the harvests in greater detail.
So the two Vegas buildings have 4 grow rooms each (8 total rooms) and each room has a crop that is timed for harvesting one week apart. Now that they have developed a mature set of crops and additional seedlings are already in place, the total cycle of growth for the 8 rooms is two months. They began their first harvest from the first room last Friday...and will have another harvest ready this Friday...and every Friday after that until the end of time.
So there will be around 48 harvests in 2019 and 52 in 2020 and beyond. Rahim said the nature of the harvest cycle will be explained when they announce their first harvest later this month. They plan to make a new announcement about harvests every month moving forward.
In addition, he said the Washington state farm will be ready for growing in April, after which Liht will be making announcements about two farms every month going forward. And he said the British Columbia operation is moving full steam ahead.
I said we (fellow members of this board) were also excited about the skin care line, PureCloud 9, being relaunched on February 13 and he said the company would have the website launched and sales initiated on schedule.
We only talked about 10 minutes and I didn't want to take up too much of his time, so I didn't ask him about anything else (so don't think that I'm hiding any other information and don't be pissed that I didn't ask). The one thing I wished I had asked was if they had actual sales lined up for the harvests, but that will likely be communicated in their first announcement. Bottom line, I am as excited about the future as I've ever been and look forward to the rest of the year.
