I've been in the 'blogosphere' lol. Other sites.
Still has been following for the last two months a update pattern for company development on the 12th of the month... about 10 days from now I expect another one,,,,
Last one highlights...
"Since beginning production over the past few weeks, the Company is pleased to announce it has begun shipping CBD Isolate to Bioscience Enterprises Inc. as outlined in the supply agreement dated May 28, 2019...
The Company is pleased to announce that it has received and has begun fulfilling an order from HempLabs Poland..(one needs to know the mother corporation to Hemplabs to fully understand the signifigance)
The Company is pleased to announce it has begun shipping hemp biomass to Sequoya Cannabis in Poland.
The Company has received over C$1,140,000 in confirmed purchase orders...
All done in 1st month of plant being finished and sales starting.
The facility has the capacity to process 1080 kilos of blended hemp flower at a consistent 6% CBD biomass input into 40 Kilos of CBD Isolate every 12 hours..
Proof of concept and sales"
IMO,,,The present capacity(12/7) will not fill the yearly order expectation, close, but not completely, of already agreed to supplying for the above 'Partners' to the agreements. Still has defined Biosciences wholesale agreement (the base 'Anchor' agreement') as at a price of 2 dollars a gram. So I use that 'base' as determining the base value of '40 kilos a day' valuation= 24 million in product and 'will not fill yearly order expectation'... this means the Poland plant(NEXUS) will need to go to 24/7.... from present 12/7 hours production.(Keeping in mind the wholesale average of pricing for the product internationally is considerably higher)
The company is still awaiting the Romanian(Origin plant) licensing approval which would enable the current 'yearly order expectation' without Nexus going 24/7.... With Nexus operations comes training that may be needed for Origin personnel.. (just as a side note.)
Origin will pickup said '24 million to ?>< 36 million @ 12/7 operations labor hours I believe.
We will see if Nexus operations are leaning towards forward statements soon which requires '24 million YOY a 12/7 hours schedule to be enabled/confimed in the next News release and as per Company statements, two following monthly totals due to delays between originating contact to buyers and final deposits and releases of payments from buyers.....
Just to say...'rubber meets the road time' is now. Fwiw, I added 30k shares in expectation it will happen..
