Exactly! A 53' semi tractor trailer can haul approximately 50,000 cans. If they shipped one truckload 300 days of a year, that would be 15 million cans. The problem for RMHB is that they only receive 5 cents per can as a co-packer for CBD Life ( they receive no revenue from the sale of the drinks). That means their total revenue for the hypothetical year would amount to $750,000. There are problems with this:
- I don't believe their rather small production facility can consistently maintain those
production numbers.
- I don't believe they have the established supply chains (ingredients, pallets,
shrink wrap, cans... just to name a few) in place to maintain those
numbers
- With average losses of $6.7 million per year in the last three filed annual reports
(2017,2018,2019), $750,000 annual revenue will hardly make a dent in losses.
- There is little doubt in my mind why they don't/won't file current reports.
THIS SHIP HAS SUNK AND THERE IS NOW ONLY DEBRIS FLOATING ON THE SURFACE.
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