The deal with OnixCann/Cantera in itself:• 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
- 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
- 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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