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To busy eating there words :)
Sub 3 what makes you think that?
30% increase today
30% increase today probably hits 80p, anyone guessing.
Believe in the company the rest will follow :)
One of the best informative post read in a while Thanks Guys.
Thanks Smartic, always good to get a 2nd opinion :)
Sorry for the copy and paste, looks like 10,000 units a day so 300,000 a month from what they say.
Key Highlights:
MGC Pharma has been granted assistance of 3.1 million Euro (~A$5 million) cash grant from Malta Enterprise to set up a fully functional GMP facility for the production of ArtemiC™ in Malta
The Malta facility will create a European manufacturing hub for ArtemiCTM with the ability to scale production to meet expected growing demand following positive clinical trial results
The EU GMP facility will be able to produce 10,000 units of liquid dose medicines per day.
Strong support has been received from the Maltese government through Malta Enterprise to establish a world-class GMP facility to respond to the growing pharma and cannabis industries on the island
Construction of the extension to the MXC Malta facility has commenced and is expected to be completed Q2 CY2021
Thanks Pokerchips, looks promising for a 440m2 factory with a output of 200,000 units :)
Thanks for the figures, apparently 40,000 ordered this quarter and any additional extra orders, shows to me capacity is higher than 12,000 a month but off 40,000 the revenue was 600,000 euro so off maltas 200,000 capacity revenue would be like 3,000,000 euro a month. Wonder what profit on a month basis it would come out with
Sure maybe your correct or maybe they have crunched the numbers and worked out going forward better to open small plant scattered across world wide to save time and transportation just a thought.
Thanks all for clarity, I suppose the additional distribution centre will help as for the size 440m2 not big but its a start.... If they had of initial went big guessed they would of needed extra funding and uncertainty of volume, I guess they made the right choice in setting up small.
Is the Malta factory on schedule
With current situation, it's only right they fast track approval and roll out, instead of hanging about watching situation worsen in countries.