OK, time to some more napkin math on the latest excellent ROO announcements
So they decided to run another trial, presumably at shareholders cost this time they chose a Winter crop in Washington State of all places where there is a massive oversupply of cannabis . Anyway, I digress..
Let's punch some numbers out.
An increase of 40% to give a potential return of $60k p/acre. Let's then assume the return per hectare at 0.30c p/gm is $45k p/acre, give or take a cupla bucks.
Planting rate at 4800 plants per acre means ROO are telling us that each plant is producing about 32 grams or 2 ounces. Sounds absolutely pathetic but ROO are probably also taking this from a Winter crop but then again hey what if its actually a 272% increase? Meh, I doubt it.
ROO Price at posting:
10.0¢ Sentiment: None Disclosure: Not Held