Tuesday, August 20, 2019 8:29:55 PM
We already know in Canada revenues are going to grow fast with round 2 of legalization coming. here is how Cron is planning to capitalize
We purchased 55m in product over a one year period
1. potential of $35m with Heritage to for the filling and packaging of vaporizer devices for the Canadian cannabis adult-use and medical market. Heritage will provide extract, fill and package vaporizer devices for the Spinach™ and PEACE NATURALS™ brands, utilizing multiple unique and proprietary formulations
2. MediPharm Labs will supply Cronos Group with approximately $30 million of high-quality private label cannabis concentrate over 18-months
Our sales from these two supply agreements assuming they reach near potential will net a much larger number than 50m per year obviously
Cron is projecting 60% of their revenues will come from CBD in the USA
looks like they are planning to have over 100m in revenues alone in Canada next year. We are already on pace for well over 40m by last report. This means 160m total if 60% of revenues will come from the usa. again very conservative. If the full potentials are reached then much more revenue
keeping in mind Crons growing potential is going to be much larger too and some product they will sell to Medifarm for extraction
get ready for massive growth
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