CIM: What stage of your business phase are you in? Conceptual, developmental, or production stage? Have you purchased land or built your facility?
SunIQ: We are currently in the expansion stage of business. We are already through the basic production phase generating approximately $150k / week in revenue. We do already have our facility yet are looking to expand it to meet the demand our customers have for our product. If the capital we generate and enough investment interest can be sparked, we are confident that our operations will quickly scale up to $600,000 / week in the next few short months.
Q&A 15
CIM: Your revenue projections in Year 1, Year 2, and Year 3 are $44M, $163M, and $297M. Why do you feel your projections are not too aggressive?
SunIQ: We know the current market prices and the volumes of product. We feel that the demand for hemp derivative products will accelerate in the next 5 years and our proprietary systems will be vital to the industry. As more and more states approve and enter the hemp market, the demand will only grow.
Q&A 16