Tuesday, March 12, 2019 7:21:53 AM
***Since March 4th, we've seen VATE's share price increase by 28.42%.
***Since March 5th, which was the Chexpo announcement, we saw trading volumes increase day over day. Rallying from a low of 1.972M, peaking last Friday at 7.367M. Average daily volume since the 5th has been just about 4.5M shares.
***CBD Tea taking pre-orders starting this Friday, March 15th.
***CBD RTD Coffee starting sales on April 5th.
***Successful existing hemp coffee product line, continuing to sell well in North America.
I really think VATE is progressing nicely and executing their business plan well. They are not biting off more than they can chew at any one time and have staggered their product launches effectively to create an extended period of company buzz/promotion, as well as to ensure that they do not hit a manufacturing bottleneck.
In my opinion, if both products are as successful as we want them to be, it sets up VATE nicely for exponential growth and expansion. We should see the financial impact of the initial launch in VATE's Q2 2019 report and what may be even more telling is their Q3 report, which will have re-order sales figures.
All in all, VATE had total revenues of $144.7K in 2017. In 2018, total revenue should be right around $321K. While we dont have the Q1 2019 report yet to help project, with these new products, I'm anticipating 2019 revenue comes in at $500K or more.
With all of these considerations, coupled with share structure being held in control as well as the company becoming cash flow positive, VATE is in the drivers seat for a really exciting 2019 and beyond.
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