Big bucks I wonder if that is per year or per month
In addition to the revenue derived from the registration activities referred to above, Winter Garden will also be deriving revenue from the harvesting and sales of base oils, seed extracts and fibre products. The initial 7 hectare
grow out program will move within 6 months to approximately 50 hectares following completion of the IGS /
Winter Garden acquisition. Winter Garden has access to over 1,000 hectares of arable land which can rapidly be
deployed as the company commences commercial operations.Based on conservative estimates, and looking at base oils, seed extractsand fibre products only, WG expects to generate returns of approx. US$550,000-600,000 per hectare.
“Gaining the approval of all necessary licenses is a significant milestone for Winter Garden Biosciences,” said
International Goldfields Director, David Tasker.“Uruguay is the first nation in the world to legalise the production
and sale of non-synthetic cannabis products and Winter Garden has fully entrenched its first mover advantage with
the rapid submission and approval of these licenses.”
“The approval by the Uruguayan government can also be seen as a strong commitment by local authorities to help
develop new products and intellectual property in this fledgling industry,” he said.
With the approval of all necessary licenses, Winter Garden will now look to execute a number of commercial and
research agreements which it has already negotiated to an advanced stage.
IGS Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
