You don't get pre-orders in the food production industry. Doesn't work that way I'm afraid.
They will have to show consistent historical yields and have adequate volume before a grocer or distributor picks them up.
$300K in stockholders equity and no real revenues trading at an $11.5M market cap. Doesn't seem like much to complain about if you ask me. I'm not exactly sure what you were expecting, this isn't a cannabis company so your not going to get the absurd valuations. An $11.5M market cap is quite respectable. I run my own start-up and these guys haven't done bad at all. Raised decent money, have a nice stock price. Maybe you're simply expecting too much? Or paid too much for the stock?
I'm not a big fan of the rotational systems. You're loosing too much PAR with the LED's and the plants don't grow as fast. Green Spirit Farms learned the hard way with a rotational system.
The most proven method appears to be shallow raft or NFT systems vertically stacked. I am interested to see how this system performs at any rate. It's an interesting concept.
Here's the vertical farming model that appears to be gaining the most traction with farms like Greener Roots, Local by Atta and a few other following this style.
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