“Given that there is the potential to harvest 1,200 to 1,500 pounds of hemp per acre, we can produce...
two crops per year, and the price of hemp is at an average of $50 dollars per pound, this initiative has the potential to produce significant revenues for the Company.” Dole further recognized the enormous potential of this property acquisition to “provide a base of operations for several other equally exciting initiatives.”
1500 1bs per acre X 824 acres = 1,236,000 Pounds X 2 crops per year = 2,472,000 pounds X 50.00 per pound = 123,600,000 ( one hundred twenty three million, 600 hundred thousand dollars.
And this is just 1 project.
Use just 15% profit margin and you have around 19 million in profit which comes to around .54 per share and throw a 20 PE on it
Outstanding Shares
34,707,835
03/01/2019
$10 plus per share with this one property alone without all the other brands and operations discussed in previous press. The stock currently sits at .63 range
JMO
~Rig
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