Fiore Cannabais Ltd. (FIORF)

[artweed]

I'm not surprised by any of the news in the release, with the exception of 5 pounds of each strain sent out for testing. That seems very excessive, but whatever it is I'm sure it was accounted for from day one. I don't know what is actually needed for testing, but 5 pounds of cured product for each of five strains means that potentially $100,000 worth of product just goes out the door for free. Yes, that is overkill. I would think 5 ounces would be more than enough...depending on the volume of tests (I could see one or two ounces being enough).

This link shows requirements by state for cannabis testing, and the volume required for various tests in Nevada are measured in grams, not ounces or pounds. https://www.leafly.com/news/industry/leaflys-state-by-state-guide-to-cannabis-testing-regulations. I don't think the 5 pound statement in the PR is accurate. It seems more likely to be 5 ounces.

But 200 pounds of wet flower should produce about 50 pounds of cured product (so if they're sending out 5 pounds of cured product for testing, they're sending out half of the harvest, which is absurd). But 50 pounds is more than the 34 pounds I suggested in a previous post that Liht would need to get in order to meet their goal of 1,620 pounds of annual product.

As for six grow rooms and five weeks or eight grow rooms and two months...it's all just details. There is probably some grow room development still going on and I wouldn't count out any possible scenario. The 52 harvests a year statement was made by me and was based on a full year of harvests. Rahim literally told me there would a "weekly harvest" but later said there would be "5 or 6 harvests per room per year." I just extrapolated his weekly statement to mean 52 harvests per year. But it doesn't matter if there's 40 or 48 or even 12...all that matters is what they are netting annually.

Bear in mind that a full drying and curing process can takes months to complete when done properly. https://www.leafly.com/news/growing/drying-curing-cannabis. So it may be some time before we get news about sales. If you're in a hurry for good news about the company, you'll probably be disappointed. In two or three months though, we will begin to see real progress being made. I'm sure we will hear a TON more about everything after Liht's quarterly report at the end of this month.