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Mickey4

04/04/20 10:17 AM

#28159 RE: tincan DD710 #28156

Exactly, and that's what I was trying to say in all those words; sorry if I was not so clear. We've been producing slurry with three machines at least since October; we just couldn't finish it, the last two steps at least, until the venting project was complete and final inspection... HOPE WE HAVE A WHOLE BUNCH MORE SLURRY STILL READY FOR FINAL PROCESSING; IT WILL JUMP START BOTH THE BUSINESS AND THE BUY-BACK... $GCGX...

Rufny

04/04/20 12:27 PM

#28161 RE: tincan DD710 #28156

true but CEO gave guidance of $30M-$40M for 2020 just for INDULGE
OILS last year and that was BEFORE he made the more lucrative deal with them for 75%-80% of revenue share.

Of course the delays means instead of starting revs in JAN 2020
as hoped we now start here in APRIL 2020. But now add in more
revenues for expanded product lines + CBD + Florida expansion
coming and I think $50M over the next 12 months is a very
conservative figure. Add in INDULGE is a HIGH PROFIT margin
biz because of its PREMIUM QUALITY and NET PROFITS will be
in the $MILLIONs$ and allow GCGX to announce a significant
BUYBACK program in the coming weeks.