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Friday, August 10, 2012 9:24:59 PM
1 kilogram = 2.20462262 pounds
http://finance.yahoo.com/news/medical-marijuana-inc-subsidiary-phytosphere-123500480.html
CBD Essential Oil Contract Highlights
The term of the contract is twelve (12) months and calls for the production and delivery of 300 Kilograms of the CBD Essential Oil at a price of $25,000 per kilogram, or $7.5 million in total contract value.
3oo x 2.204 lbs=612LBS
7500000/612 = $12254.90 per LB
Now read the latest update & projections
http://finance.yahoo.com/news/medical-marijuana-inc-provides-industrial-145100743.html
Medical Marijuana Inc. Provides Update on Industrial Hemp Production -- Hemp Crops Are Increased By 1,200 Hectares Overseas To Meet Demand and 2013 Projections Of 6,000 KG Of High Grade CBD Oil
Now back to simple Math
6000 * 2.04=12,240 lbs
12,240 * 12254.90=$149999976
Somebody please correct me if my math is wrong but the projections on 6000KG come to $150000000
It is no wonder M.L. did not make any projections as far as revenues. This $7.5 Mil is exactly 5% of the projected production which absolutely nobody brought to the board. It is all in the PR's simply to the math. We are going to be a multibillion business in 5 years or less IMO.
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