There has been some good volume & price action over the last...

There has been some good volume & price action over the last week or so.

The sell side is very sparse, holders know the value of their shares while the buy side is building - word is getting out.

I was very surprised at the market's lacklustre reception of both the Gibio & the Freshero announcements.

Firstly the Gibio deal, they've already done a year of testing. Will be ordering the equivalent of 800 4' machines, though they are using the 8' machine. Together with the Fertigation, this is a circa $10m deal & they are looking at 20 of these over 5 years. $200m sales, probably a gross profit circa $100m.

Secondly Freshero, a company with a major supermarket contract that has been given warehouse space for their ops. Now a major supermarket chain, I'd assume Coles or Woolies, doesn't just do one State, they'll expand to all States/Territories possibly NZ and the already stated Asia. Gibio is just for 1 line - Cos Lettuce, Freshero will be for multiple lines so will be huge. I reckon you could double the Gibio figures and then some, remember they also get a commission on gross sales!

Then in their last update they said they were looking at acquiring a Canadian Cultivation License. Assuming they do this & build a facility the same as they show in their presentation, They'll be producing 4,500kg a year - that's 4,500,000 grams they can produce at under $1/gram & sell for up to $10 or more per gram. The profit is huge & that is just from 1 facility. Nothing stopping them building 10 or more facilities!

People buying now certainly have not missed the boat, our present market cap is only $50m