---) so 1.1 million in revenue for the 2 million c
Post# of 75359
(Total Views: 753)
Posted On: 08/19/2019 7:08:01 PM
---) so 1.1 million in revenue for the 2 million cans...I saw the estimated cost somewhere but I don't remember where
We expect our revenues to increase materially during the remainder of 2019 and in 2020, primarily due to anticipated sales under our private label manufacturing contracts with CBD Alimentos SA de CV (“CBD Alimentos”) and B&B Aesthetics Labs LLC (“Green Lotus”). Although the initial order from CBD Alimentos was expected during the second quarter of 2018, we received the initial order and $466,300 deposit in December 2018. Due to regulatory obstacles in Mexico, we delayed the initial production run of 2,000,000 cans and now expect to produce and ship the initial order in September 2019. The Company will recognize approximately $1.1 million in revenue upon the completion and delivery of the production run. We have also experienced delays with our Green Lotus production runs, but expect to begin production and sales in the third quarter of 2019. The Company will recognize $350,000 in revenue upon the completion and delivery of the first production run. W e also expect revenue growth from our HEMPd branded CBD-infused flavored waters and other HEMPd branded products. Revenue from the HEMPd and FitWhey products is inherently difficult to project and will depend on the level of market acceptance and market penetration that can be achieved for these products. The Company plans to introduce a new Rocky Mountain hemp-infused beverage and re-introduce the Rocky Mountain High hemp-infused energy drinks later in 2019.
We expect our revenues to increase materially during the remainder of 2019 and in 2020, primarily due to anticipated sales under our private label manufacturing contracts with CBD Alimentos SA de CV (“CBD Alimentos”) and B&B Aesthetics Labs LLC (“Green Lotus”). Although the initial order from CBD Alimentos was expected during the second quarter of 2018, we received the initial order and $466,300 deposit in December 2018. Due to regulatory obstacles in Mexico, we delayed the initial production run of 2,000,000 cans and now expect to produce and ship the initial order in September 2019. The Company will recognize approximately $1.1 million in revenue upon the completion and delivery of the production run. We have also experienced delays with our Green Lotus production runs, but expect to begin production and sales in the third quarter of 2019. The Company will recognize $350,000 in revenue upon the completion and delivery of the first production run. W e also expect revenue growth from our HEMPd branded CBD-infused flavored waters and other HEMPd branded products. Revenue from the HEMPd and FitWhey products is inherently difficult to project and will depend on the level of market acceptance and market penetration that can be achieved for these products. The Company plans to introduce a new Rocky Mountain hemp-infused beverage and re-introduce the Rocky Mountain High hemp-infused energy drinks later in 2019.
(8)
(0)