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Friday, July 05, 2019 10:11:50 AM
I expect to see revenues of $1.24M and assets of approximately $31M in those audited financials.
I would also expect revenues in 1Q2019 of $250-400k for Infused Edibles based on the reported annual revenues.
That's all more than sufficient for $GCGX to progress its uplist plans.
In the next couple of months, I expect $GCGX / Indulge Oils to receive its Certificate of Occupancy. That's where $GCGX will start to see huge boosts in revenue.
"...Indulge Oils has been lining up Letters of Intent and white label deals as well as bulk orders while waiting for the CO to be issued. We are happy to say that 90% of the orders secured a year ago are still viable today, including an order for 25 liters of oil daily. GCGX had ordered a new machine capable of producing 25 liters of oil daily, but had to cancel the order due to the build out requirements per the City rather than delay an already strenuous task of getting the permits. The machine is now part of phase 2, which is the build out of the distribution and delivery suites after the initial CO has been issued. ..."
https://backend.otcmarkets.com/otcapi/company/financial-report/224393/content
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