The Quarterly is out, still waiting for the acquisition news.
My take on the Quarterly:
Cash burn only $100k - not including the Gibio Investment ($400k)
Say they are still looking for Nutrient acquisition, so this current suspension unlikely to be that
Gibio deal to grow 3,600 Cos Lettuce heads per day for a major Quebec supermarket chain, sounds like Gibio have a deal in place. Must be a big chain to need that many. Also testing many other foods, cherry tomatoes etc. If they need the equivalent of 1,680 rotogro machines for cos lettuce, what other crops will they expand into? and how many more machines will they need.
Another new company ordering 48 machines, sounds like the start of a much bigger order. If they've grown 3 crops they must have been testing for 6 months.
Miracle Valley: I had forgotten the original order was for 10,000 sq ft, and they have plans to expand to 29,000 sq ft.
RGI Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held