For most shareholders on these CLI threads, the bottom line is total crop & services revenue for calendar year 2019 & the consequent effect that will have on share price. We have already had a Greenfund valuation of 20c/share ( refer to posts on other threads)
The most recent report on CLI was on 21st Aug 2019 by Next Tech Stock(4 days ago) and it can be fairly summarised as follows:
- cites Greenfund's valuation of 20c/share
-500 acres of hemp for 2019 , 1500 acres for 2020 & 4500 acres for 2021
-local competitors with 5 to 50 acres at best
-$15 mil USD for 1/3 of crop ( this values crop at $45 mil USD or $66 mil AUD)
-JV for 16.6 acres of trimmed flower worth somewhere between $1.85 mil & $6.65 mil AUD to CLI ( CLI will likely get $2.5 mil taking lowest CLI estimates)
-Assuming 900K lbs of biomass & midpoint price for CBD percentage, revenue of $36 mil USD ($53.2 mil AUD)
(+additional flower & services revenue)
-Best case scenario of $64 mil revenue.
-Financing through to November.
My guesstimate of revenue from Biomass & Trimmed Flowers & Ag services for calandar year 2019.........$60 mil AUD.
Please refer to te full report for details & DYOR.
I'll make a separate post later on my guesstimate of extra revenue from other cropping services
Cheers
MM
PS: I'm aware that some non holders for whatever reasons want to raise doubts about CLI & the upcomming harvest so good luck to them ;
all we can do is rely on published reports & articles and monitor weather and market conditions. I realise with farming there are always risks but, IMO, as time closes in on harvest, those risks are greatly diminished and the revalueing upwards of CLI's share price will be testimony to that, again IMO.
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