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GLFI: At present, the competition is primarily from those who produce their own cannabinoid compounds, mostly in greenhouses. We know of no one who currently has established the type of large-scale cultivation and production operation as we have in Argentina. While there is no doubt others will follow, we believe we have positioned ourselves in a location and with a governmental relationship that others may match, but never exceed. We also believe as ‘first movers’ we will be able to develop long-term working relationships with large users before significant competitors emerge.
Q
CIM: Your gross revenue projections for Year 1, Year 2, Year 3 are $37M, $226M, $216M respectively and net profit margin is around 59% - 61%. That’s a 500% increase YOY! Why wouldn’t you consider that an aggressive projection?
A
GLFI: Yes they are, however we cut them back so many times when creating our financial assumptions, we feel they are actually conservative and based on prices much lower than todays markets.
CIM: What does your capital structure currently look like today? How much has been invested into the company? Do you have investors?
Q
GLFI: We currently have invested about $800k into the pilot project and in the process of a private placement in Green Leaf Farms International for an additional $4.2 million. We designed this offering to provide accredited investors substantial returns and a pathway to a US listed national exchange.
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Q&A
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