Personally, I'd ignore any article that doesn't separate pricing for seed/fiber hemp and cannabinoid rich hemp. You can't lump them together under one market price. One is grown with like 200,000+ plants per acre, the other with ~2000 plants per acre. Totally different systems with different inputs and outputs.
If you divide CW's 2018 revs by the number of pounds harvested last year, you get approximately an average of $1100 per processed pound. ($70mil/63,000lbs.)
CW may not average $1100 per pound this year, but you can be damn sure it wont be $60 per pound. If you priced those 675,000 pounds from last harvest at your wholesale rate of $60 per pound, you would barely get over $40mil for all of last year's harvest being sold throughout 2019. We've already surpassed that in Q1+Q2.
The 675,000 pounds was supposed to satisfy all of 2019 demand, and some of 2020. So, if you take the guidance of 120-170mil for 2019 and divide it by 575,000-600,000 or so(leaving 75,000-100,000 pounds for beginning of 2020(a guess)), then you get ~$200-300 per pound. With lack of FDA regs, they may only go through 400,000 pounds and still hit $120,000,000+, who knows. So, I lean closer to $300+ per pound for 2019.
This coming harvest will be 862 acres. If they can maintain a rate of 2250 pounds per acre, they will harvest approximately 1,939,500 pounds of CBD rich hemp. At 2019's low-end of $200 per pound, that is still worth $387,900,000 in sales. $300 per pound would yield $581,850,000. However, we have to assume that 1,939,500 pounds would be meant for satisfying demand through 2020 and at least some of 2021.
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