Im not confused you have not clarified anything, I just wanted to state the company will not make any money yet for another quarter as confirmed by yourself again hecne it will dilute again no doubt and continue to hurt the SP , according to you come October it will miraculously sell 270,000 pounds of crop with an average CBD% at a massive premium of $30+ to what everyone else pays currently which is approx $3-4 ?
you have rocks in your head if you really think the company will achieve those numbers in the last quarter of the year , the Supply agreement announcement is riddled with inconsistencies. The most important factor lacking is that it is non binding and Deschutes Labs have no minimum obligation to purchase.
It is the most ambiguous agreement i have read and i am surprised the ASX has not asked for clarification, The 10.5 million USD amount used suggests the total supply agreement that does not clearly stipulate timeframe , price or quantity, wouldn't you be worried too?
Just have to ask yourself why is it trading at a 25 mill market cap and falling ? why after 2 years is it still a third of its IPO price ?
why move into cannabis when it had such a good ag tech offering ? what a joke this company has no competitive advantage lots of unanswered questions.
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