Thursday, December 24, 2020 11:06:22 PM
I have read the DD and wanted to also dig deep into it a bit on what an acre yields for revenue.
So found UPPR stock article of June 2019. Wanted to see how another stock did with hemp growing. They did a 1,200 acres grow, 1,000 acre larger but yielded a stock pps of $2.09 June 2019. Granted I am not digging into share structure someone else can.
Basically...
"UPPR has planted can conservatively produce a crop worth the equivalent of $200,000 per acre, or a revenue event topping $200 million US"
https://www.globenewswire.com/news-release/2019/06/18/1869969/0/en/Upper-Street-Marketing-Completes-First-1-200-Acre-Hemp-Cultivation-200-Million-Harvest-Projected.html
That being said.
$200,000 per acre x 200 Acres = $40,000,000
This yielded them pps $2.09, so 1,200 acres divided by 200 = 6 times difference. $2.09 / 6 = .34 cents. Again not looking at share structure.
.34 pps perhaps doable? I will take even a 3rd of this .116?
Any takers?
IGPK
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