Best news ever- Manufacturing License- . Remember most weed companies, even large caps ( $300m and above) not even close to receive their first License. SIGO MC is only $7m. Set up to $10-$20 by the end of Q1 if not sooner, if you ask me and still market cap remains low compare to sector.
Btw.more news possibility this week. "Currently, our entire team is in the process of cultivating two more 2,000 square foot bays over the next few days"
That's why you do DD. when you know what you own you don't mind waiting. You just wanna make sure you are in when it goes because you will never time it perfectly.
42,000 square feet of green house space is expected to be able to generate up to 8,000 pounds of medical cannabis per year. The price per pound is currently $1,000 to $1,750, which would equate to $9,000,000 to $14,000,000 annually.
Simple sales multiple of 5X Revenues = $70M and not including other revenue sources or clones.
"clone revenue alone could be in the millions of dollars by this time next year" Sep 20, 2017: "Mr. Magallanes... Yes, revenue from cannabis clones is a very real opportunity for us and as we ramp up, clone revenue alone could be in the millions of dollars by this time next year. Yes, we continue to believe that $200 per square foot of grow space annually is a very conservative, but realistic expectation going forward. Yes, we have the funding necessary for expansion and no, neither Valerie or I will take any salary going forward; only monthly dividend payments, the same as our shareholders. Yes, officer shares are in fact locked up for three years minimum as they convert three years from conversion date, but we don’t have any real reason to ever convert those shares because as we’ve shared before, we are building this business to become an attractive acquisition target and whether that takes two years, three years or five, our shares are more about maintaining majority ownership than anything else. And finally, no, we do not have any significant debt".
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