In December 2020 Cellmid signed an exclusive master distribution agreement with Ourui health Management Ltd for the distribution of its Japanese Ju-Ju® and Lexilis® branded, anti-ageing hair and skincare products.
In January, Cellmid received the first order for 66,000 bottles of Jo-Ju® shampoo – the first part of the 500,000-unit order requirement for the first 12 months of the 10-year contract.
This agreement, along with the re-negotiated agreement in the first half of 2021 for distribution of évolis® will both contribute to around 40% of the company’s revenue by FY 2023.
I doubt you have been reading that for 10 years
Its already underway with product paid for and shipped
500,000 times 6.50 = 3,250,000, next year 6.500,000 this being 40% of total revenue of 16m+ for the year after.
At 16m do you think the SP will be 7.5 c ?
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