It is likely an australian based faciity. They talked about a Scechia based facility that will come online with 1st deliveries around June 2025. Their current manufacturing capacity stands at $50m .....With the planed expansion this year ,manufacturing output will more than double to >$100m. They have reached cash flow +ve stage Q1 & will reach EBITDA +ve stage HY1,2025. Gross Profit Margin stands at 36% .....A very healthy margin in a capital light buisness that will likely improve further with increased scale. It is notable that they increased revenues by almost 100% in Q2 over Q1 2025.....Gigantic growth far exceeding the growth of CBD gummies market that is projected to grow at CAGR of 30% till 2033.
BXN Price at posting:
2.8¢ Sentiment: None Disclosure: Held
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