That company paid $27 million for a 25,000 sf cultivation/production facility.
That facility was not organic...let alone triple organic. It doesn't appear to be high tech cultivation...and probably is not producing top shelf cannabis.
LIHT's facilities should be worth more if they are producing higher grade bud and are built to high tech standards.
The article also mentioned converting a greenhouse for cannabis cultivation. Converting a greenhouse is not the same...as a purpose built, high tech cultivation and processing facility producing triple organic cannabis.
So...in theory LIHT's facilities should be worth more...because they are capable of growing the highest grade possible...therefore generating more revenue per sf.
But even if we use those low numbers....LIHT's total Vegas buildout would be worth more than $300 million. That is about a dollar a share. If we subtracted $100 million for buildout costs....we are still worth more than .60 a share.
Either way....someone will want LIHT's Vegas jumbo sized facilities or to be a partner. I don't know the exact numbers...but it won't be .17.
There is another company in Vegas claiming 277,000 sf of cultivation...but it is outdoors. Bargain priced weed.
Aurora has stated they didn't want anything outdoors and only want purpose built high tech facilities...the highest tech in the world. They claim they have never lost a crop...despite millions of sf of crops being destroyed in Canada. Aurora's strategy seems to be working.
LIHT has the same outlook on cannabis cultivation facilities. Our first harvest has proven LIHT systems work well.
While this other company may have been producing longer than LIHT....are they producing top shelf certified organic cannabis? Probably not....or they would have proudly stated so.
The highest grade buds are not grown in a greenhouse...too many variables. I'm not saying that company is junk...but I would rather have 300,000 sf of organic indoor grown cannabis over 450,000 sf of greenhouse bud. They also mentioned the greenhouse was still being converted.
At this point it is 10,000 sf of top shelf cannabis vs 25,000 sf of mediocre cannabis.
GLTA
GET LIHT...BEFORE THE PARTY