Replies to post #20632 on View Systems Inc. (fka VSYM)

[soupoftheday]

IS THE HARVEST READY???>>>>>>

Sannabis owns a significant equity position in a one of the few licensed growers in Uruguay and is financing operations there. Company management was in Uruguay last month to oversee the importation of hemp seeds and subsequent planting. They purchased nutrients by the tonne to prepare their hemp fields for planting next week, this harvest will be ready in March/April 2020 and will generate a combination of hemp seeds and biomass to produce CBD in bulk. The seeds they’re planting can produce 10-12 Tonnes (22-24,000 pounds) of Hemp Biomass per hectare, they’re planting about 7-8 hectares now for a total of approximately 150,000 pounds of Biomass in the next 4 months. About 1 tonne per hectare of hemp seeds with high oil content can be achieved along with a high fiber content in the stem.

https://www.globenewswire.com/news-release/2019/12/10/1958581/0/en/View-Systems-Inc-s-VSYM-Sannabis-Provides-Update-on-their-Hemp-Operations-in-Uruguay-and-Colombia-to-Supply-the-World-with-Hemp-Products.html

[soupoftheday]

Hemp biomass typically sells for around $35 -$75 per pound, with an average of $56 based on actual sales data.

https://kush.com/blog/hemp-biomass-prices-2019-a-look-at-q1-sales-data/#:~:text=Hemp%20biomass%20typically%20sells%20for,based%20on%20actual%20sales%20data.

[soupoftheday]

150,000 pounds of Biomass in the next 4 months X $56 = $8,400,000