IPO - Elixinol Global Limited, page-5

I think this is going to be a case of a company having a very conservative number put forward by their auditor Deloitte.

I reckon they are going to exceed the number both on he top and bottom line.

I reckon the Elixinol US business is continuing to accelerate with the majority of the sales coming from direct to consumer high margin online sales.

The Australian business is at the start of a sustained growth cycle driven by increased Australian sales due to legalisation and new adoption and also export opportunities accelerating.
The real growth kicker will come from the sale and marketing of Australian grown hemp products.
They have just planted 700 hectares of crop just on one farm in Victoria. If they get 1 tonne minimum yield per hectare that is 700 tonnes at $5 per kg farm gate = $3,500,000
Just so you get an idea of the potential that kg of seed can be produced into products at the following retails to consumers.
1kg dehulled seeds $55per kg, hemp
Protein $55 per kg, oil $35 per 500ml.
If you think they turnovered $3m for all of last year the potential is huge and that is not even taking into account potential export markets.
They also have the medical marijuana part of the business which should add a little market cap to the potential future.
This should go very well indeed and is only the start.