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Friday, March 07, 2014 9:14:09 PM
Their 85,000 square foot buildings with multiple floors and 10.3 acre production facility is expected to have the capacity to produce up to 1.3 million pounds of dried medical marijuana annually for Canadian distribution, as well as planned export to approximately 30 countries. FITX expects to generate revenue of $20 million in the 1st 12 months of operations, and $100 million/year by the 5th year of operations. FITX wants to eventually expand the facility to more than 1 million square feet on multiple floors, which would translate to $5 billion/year in revenue, with an anticipated profit margin of 80%. FITX plans to grow 50 strains of marijuana, from seeds sourced in Canada, Mexico and Colombia.
The bottom line, they are building an empire. I have zero doubt they will obtain the license. To me, that's a given. They will be bigger than all the other growers if they execute their plan as they have been predicting. Doubters are in for a rude awakening for sure. Mark this post...
FITX
All of my posts are in my opinion only, formulated from the publicly available data and information, and are not meant to be investment advice in any shape or form...
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