Friday, February 15, 2019 8:53:10 AM
Talked to Rick Goluding yesterday, earlier he had sent me email on Wednesday. I wanted to find out why it taking them so long
Here is the reason
The reason for delay is WSRC decided to go all retail after the Harvest seeing demand. The earlier plan was to sell wholesale and some CBD retail. However the demand and pricing are much higher if you extract CBD, process them and sell retail. It also requires strict testing standard to maintain the quality and takes longer. That is why we are waiting to get the numbers. Hopefully will be hear it soon
The good news is revenues will be lot higher now since they are doing it all retail and the projected 15 million revenue was mostly wholesale. The projected revenue 15 million was mostly wholesale in their last PR, and in the PR they had clearly mentioned retail revenue will be much higher if processed. Also if you read RSHN last PR , it clearly stated WSRC is selling it all retail..There you go..that's why PR is delayed..
That's the reason for delay. The retail require strict testing standards before sold.
Read this PR - now you know the reason
https://westernsierraresource.com/announcements/19w0Sh4TyOOSOsASSgiOAe
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.
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.
Do your own DD !!
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