DW8 Growth, page-8337

With the Q4 2021 revenue calculations I used 27,087 cases by $12.40 average = $335,878.

In the Investor Presentation for the acquisition they mention $500k revenue for 27,000 cases = $18.52 each, is near the $17.80 average per case we previously used for calculations prior to B2B market launch incentives. So it appears that 1/3 of the revenue is for storage, picking & packing & the balance is for actual delivery.

The quarterly forecast of $930k would be in the order of $1.43M without the incentives.

We should see $1.5-2M for DW8 + $2.5M for PWG = $4-4.5M Q1 2022 including 2 months with PWG.

Then a full quarter in Q2 2022 should see $2M for DW8 + $3.75M PWG = $5.75M x 4 = $23M run rate.