in the $270BN cosmetics industry.
MGC became the first Australian registered company to gain permission to grow, process, import and export an unlimited quantity of Cannabis Sativa L (hemp) and
MXC holds unique genetics consisting of an exclusive strain of ‘Cannabis Sativa’ which comprises of very low THC content below 0.3% and a very high CBD content above 10%.
Just to put that in perspective, the highest CBD concentration currently being achieved in the industry is around 2%.
Cannabis Sativa is otherwise known as an Active Pharmaceutical Ingredient (API).
An API’s grade compounds are products that other pharmaceutical companies buy – these are highly valuable and are traded at prices upwards of $350,000/kg…
current prices, 1kg of CBD resin fetches around AU$80,000 which means MXC can expect to earn around AU$25M annual revenue from sales. And whilst on the topic of $ per kg – the price of 1kg of gold is around A$57,000. In other words, CBD resin is right now more valuable than gold.
Do the sums guys !
$80k per kilo !
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