Totally agree. This company is just getting started. Considering there are cannabis companies with zero revenue, selling for more than FF just shows how crazy the cannabis sector is right now.
The Nova Farms deal will put FF on the map in a big way. If the license is temporarily delayed to where FF would technically be owed $5M, instead of enforcing payment they may not have, FF should just expand ownership interest in the company. Both companies would benefit. Hope it does happen soon, but with government red tape you never know. So this opportunity is still alive and well.
Another revenue stream that could turn into a river is White Sands Nursery in Florida. White Sands is a large 10 acre greenhouse that FF picked up at a bargain price $3M. This is a established business with reported annual revenue of $2.8M. With Florida now opening its arms to the cannabis industry it shouldn't be long before the nursery switches over to cannabis production for dried flower, and CBD/THC concentrates. In Florida you can greenhouse & outdoor grow all year long. This is a huge opportunity in a huge market.
Another potential revenue stream that could dwarf them all is the tissue culture lab for growing cannabis plantlets in California. I covered this in a previous post, but suffice it to say it has massive revenue potential, and FF is a first mover.
Add in the hemp seed sales, extraction facility capacity, ongoing hemp cultivation in New England, and cannabis clinics in PR, and you get a picture of the robust & diverse footprint FF is cultivating. Literally.
I've owned stocks that are all hat and no cattle, but Future Farm isn't one of them. Like you say Frank1979, It's just a matter of time & patience. Meanwhile I'm buying.
Always IMHO GLTA
