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Ann: UK DISTRIBUTION AGREEMENT SIGNED FOR MGC PHARMA MEDICINES, page-51

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StockObserver

1,309 Posts.

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14/01/21

18:08

Post #: 50175508
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Originally posted by divvv10: ↑

The deal with OnixCann/Cantera in itself:

Year one minimum order volume of 20,000 units, which has an estimated value of at least A$1.65 million (€1.0 million), including an immediate down payment of ~A$107,000 (€65,000) as part payment for the first purchase order of 4,000 units
• Minimum order volume of 50,000 units per annum from year two onwards, with an estimated value of at least A$4.1 million (€2.5 million) per annum
Together with only the existing level of monthly sales in Australia, is expected to deliver breakeven cashflow at 5,000 units per month at the commencement of year two, based on the Company’s current cost structure (including overheads and corporate costs) and product margins.

https://wcsecure.weblink.com.au/pdf/MXC/02210071.pdf

With our growing prescriptions in respect of our existing supply agreements, and now with Lyphe Group (UK) on board, we will see what happens but looks more promising.

Will be keeping an eye on the financial reports as the above should be reflected.

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"Will be keeping an eye on the financial reports as the above should be reflected."

Looking forward to the quarterly report in the next fortnight are you @divvv10 ? Let's hope the OnixCann deal is reflected in the financials as you suggest

$1.6m of product by March was it? Have MXC fulfilled the first order yet?

How about cashflow break even point? We're in 2021 now.... was that the timeline (by start if 2021)?

Work still busy?
MXC Price at posting: 2.7¢ Sentiment: None Disclosure: Not Held
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