I'm pretty sure the extraction process is already patented and we own it. That's the main reason we bought Danodan. If you go back and look at the deal I'm pretty sure we paid more for the patent than we did for the rest of the company.
Looks like they now have a clear path to profitability. Not much went their way for a while. Management didn't muck around and were very aggressive buying Danodan, trying to buy Lielo etc.
I would like to get more detail and better breakdowns in the next quarterly.
We can see $250k in December e-sales. So on top of that we can add Coles sales, B2B (vitamin/suppliment companies) sales. Then CJ Patel sales which should be growing nicely. Going by the website it looks like Taki Mai is exclusively sold by CJ Patel who is the distributor to retail stores. Then they shipped a massive amount over to the USA for the Kava bars.
They stopped the social media marketing campaigns in NZ due to running out of stock and have not started the campaign in the USA, so these two should be nice growth areas in the next quarter and beyond. At least they know what works now.
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