Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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PS. This is me... I have not turned into Mr Nation over the weekend.
But it is worth re-reading the 25th November trading update. It is all going on in the background...right now. This is not one of those shares that is going to have a poor and slow start to the year like so many. Be prepared!
Commenting, Nick Tulloch, Chief Executive of Zoetic, said:
"The development of six new products in the UK has taken considerable effort from the team in both the UK and US. The primary target was to ensure that the cosmetic and beauty range was available for sale ahead of the Christmas period and I am delighted that we are on track for that. Furthermore, the impending launch of our first Chill-branded product in the UK is an important milestone. In conjunction with these product launches, we are upgrading and improving our sales and marketing capabilities in the UK and Europe and investors should expect to see several changes here in the coming months.
"In our US division, the popularity of our chew pouches is surpassing expectations. This has meant that we may need to address manufacturing capacity earlier than we expected, but it is paramount that we are able to meet demand and the team in the US are already well advanced in examining options in this regard. In the meantime, as we look forward to commencing sales of feminised seeds next year, our outdoor farming operations have produced a successful outcome and we are now positioned to manufacture products with our own source of CBD."
Feminised seeds
In anticipation of commencing sales of feminised hemp seeds next year, Zoetic has started developing framework arrangements with seed distributors in the United States and is now well positioned in this regard ahead of the growing season. The process of developing and curing the feminised seeds is taking marginally longer than anticipated and Zoetic now expects its first high quality feminised seeds to be ready at the beginning of 2020, having previously expected the seeds by the end of 2019. Notwithstanding this additional time, the Company remains on target to make its first sales ahead of the 2020 growing season and to reach maximum capacity at its indoor facility in DeBeque in the coming months.
On Friday..... update soon.....
Seeds news. (Broker and harvest)
New distribution deal for Chews......
Mr Checkout update
Store count up..... etc etc
Meanwhile ED continues to provide revenue and other products and sales expand...
Not long until 2020.... the seeds sales commencement will be a big big moment....
A bit like hitting oil but without a massively costly hole to drill!