|From: efbailey (Rep: 1750) reply to steeledge||Date: 07/20/2018 16:35|
|Forum: Pinks and BB - Msg #127874 - List AOI msgs ||Thread #674022767 (Rec: 0) |
|Re: they also have 40% ownership in a NC hemp co producing CBD extractions |
"On December 18, 2017, a subsidiary of the Company completed a purchase of a 40% interest in Criticality LLC ("Criticality"), a North Carolina-based industrial hemp company to engage in cannabidiol ("CBD") extraction and other applications for industrial hemp in accordance with a pilot program authorized under the federal Agriculture Act of 2014 and applicable North Carolina law."
Market cap of top 10 cannabis stocks for comparison -
| Reply to steeledge - Msg #127871 - 07/20/2018 16:07|
Re: Market cap of top 10 cannabis stocks for comparison -
AOI mkt cap ~$120M with the following upcoming cannabis production #s:
Phase 1 of the expansion, which includes a 166,000-square-foot greenhouse and 54,000-square-foot warehouse, is a $27 million (CAD$35M) investment. The warehouse is being constructed to also accommodate Phase 2 of the expansion, which would add an additional 90,000 square feet of greenhouse space. Phase 1 will increase the facility's annual production capacity from 1,200 kilograms to 18,000 kilograms and is expected to be complete in spring 2019. Assuming completion of Phase 2, Canada's Island Garden would have a total annual production capacity in excess of 35,000 kilograms.
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