Australia's largest stock trading and investment forum Australia's #1 stock forum

CGB

0.00%

2.1¢ cann global limited

Did he mention billion plants !!, page-12

First 12 Last

Share
Profile

Follow
The-man

661 Posts.

34

21/04/18

13:19

Post #: 32603512
Share

Originally posted by BPacker ↑

Well this is just me thinking out loud, bear in mind I have no agricultural experience especially in terms of crop returns per sq/meter etc.
I’ll keep it conservative, let’s say 5 plants per square meter. If you look at the videos Andrew has appeared in the plants are huge and tightly packed, an estimate of 5 per m2 is extremely reasonable imo. So, 5 plants per m2, 10000 m2 in a hectare, 300 hectares over all for the crop. 300 x 10000 = 3000000 m2 x5 plants per m2 = 15million plants. Let’s say MCL is getting an absolute minimum of $1 per plant, after all production and distribution costs, $1 sounds quite reasonable to me and not far fetched. $1 per plant = $15 million for this harvest. The company is planning 3 harvests per year at this point in time, with the next two set to be larger than this initial 300 hectare crop. I won’t continue this guess work onto annual profit, best let the numbers come out officially before we go there.

As stated, this is purely guess work and don’t count this as fact what so ever, but it’s just simple numbers that anyone can have a crack at figuring out.

As a few here have stated already, don’t expect huge profit in the quarterly. I highly doubt this harvest will be factored into it, not to the full extent anyway so don’t get you’re hopes up or give others false hope. I expect a positive quarterly but nothing mind blowing.

Expand

If you mean the report for this current quarterly.. that’s in 10 d odd days..... I would expect no numbers on revenue by then more like a statment saying we are selling well in Coles and will continue to re stock. In the end of June quarter I expect some numbers... not big but somthing to say hay we are selling it and making money.

QBL Price at posting: 5.2¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

PAM

PAM secures high-grade Chilean copper play in strong territory

AZL

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

BIO

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

BOE

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

IVZ

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

There are more pages in this discussion • 27 more messages in this thread...

First 12 Last

Add CGB (ASX) to my watchlist

Did he mention billion plants !!, page-12

Top Stories

PAM secures high-grade Chilean copper play in strong territory

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

Featured News