Lets review harvest & revenue in light of recent announcements & 'tweets"
Harvest:
-biomass harvest timeline & methodology still on track & should be completed soon
-trimmed flower: dried and being processed & packaged for market
-we await total harvest biomass poundage & % CBD
Revenue:
- revenue from offtake contract starts this week---awaiting CLI confirmation of weekly poundage amounts & payment amounts
-company confirms weekly shipments to DL & weekly payments
-tweet said $300K ( USD/AUD ?) recieved 28th Oct 2019- (a recent tweet has been inaccurate & refuted later by the company)
Summary:
-Offtake contract initially confirmed
-monthly cashflow may differ but overall contract for less than 30% of crop for $10.5 mil USD still intact
-.Forward prospects of company have not changed over the past 3 weeks, IMO.
-CEO highly incentivised to optimise harvest revenue over $15 mil.
All IMO only.
Harvesting & Revenue, page-251
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