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Posted On: 08/31/2021 8:10:11 AM
Post# of 38450
$GMEV the company has issued the equipment purchase order for a 450 tower vertical farm to be located in Abbotsford, British Columbia. Early details of the project were disclosed in a previous news release in July and management is pleased to report that a new business plan, prepared by an independent third party, confirms previous profit projections.
Gross margin is expected to be $445,000 per year or 98% of sales. The joint venture is expected to generate a net profit of $113,000 per year or 25% of sales and payback on capital is expected to be achieved within the first two years of operation.
https://finance.yahoo.com/news/foundation-far...;tsrc=twtr via @Yahoo
Gross margin is expected to be $445,000 per year or 98% of sales. The joint venture is expected to generate a net profit of $113,000 per year or 25% of sales and payback on capital is expected to be achieved within the first two years of operation.
https://finance.yahoo.com/news/foundation-far...;tsrc=twtr via @Yahoo
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