ProText Mobility Inc (TXTM)

[trademax42]

QTRADERQ....thanks for this math exercise. A couple corrections are suggested as follows.

The current spot price of wholesale cannabis is $1,114/lb which equal $505/kg

Two potential errors in the quoted sentence.

1. price per pound = $1,145, not $1,114 as you used.
https://www.cannabisbenchmarks.com/report-category/united-states/

2. To estimate price/kg, you divided the price/lb by 2.204. Instead you may like to multiply by 2.204.

As you know 1 kg = 2.204 pound

If the price is $1,145/lb, then the price should be $2523/kg (1,145 X 2.204).

Take it for what it's worth.