RE: News should14 Nov 2019 11:13
Indeed, the story here is of a new company, moving into a US which is exploding in size. This is putting strains on the growers for seeds, so they are going up in price. The law has also changed in the US, the market is estimated to be 23 billion in the next few years - https://ventsmagazine.com/2019/11/06/north-american-cbd-industry-set-to-generate-23-billion-by-2023/
The greenhouse capacity is 10,000 plants, each can produce 500 seeds a year, that is 5 million seeds and the seeds are in short supply. They are also looking to supply the other growers, so this puts them at an advantage in terms of risk. The new management have shown they are on the ball here, motivated and the OTC was just a step on the way, this is a massive growth market. So not all pump, we have the greenhouses, the crop is growing and being harvested, it is on a cycle, we have the seeds, the products, the market is hot there, the OTC listing is done, all set really..