Indiva Q&A
INDIVA recently received its Sales License, and we are the only Licensed Producer in London, Ontario. We are fully funded to expand to 40,000 square feet at our facility in London. We expect to produce over 3,000 kg of dry flower per year plus up to 1,000 kg of cannabis oil. Our roots run deep in this industry and we have a very experienced team in all areas: cannabis cultivation, client care, retail, finance, capital markets, marketing and legal, so we built this business to be a long-term success. Response to our brand and products has been very positive - they are award-winning after all. Our focus is quality, so you will never hear us brag about how many acres of greenhouse we have. Our goal is to produce high-quality indoor grown flower as well as terrific edible and derivative products, which differentiate our offering and our company. So scale of cultivation is neither our biggest concern, nor our value proposition. Frankly, we think there will be too much grow capacity built, especially now that it appears outdoor cultivation will begin in Canada before too long. As a result, we stand to benefit from lower raw material costs (i.e. cheaper cannabis for extract to make oil for edible products). Our market cap is still quite low at some $60 million, and we have over $25 million of cash to fund our expansion and operations. 2019 will be a very exciting year as we hit full production in London and begin recreational sales of dry flower, oil, and ultimately edibles.
Thank you so much for your time today Neil. Readers, as usual, I initiated this Q&A on my own. INDIVA did not expect it nor did they request it. Neil, is there a phone number of email address where our readers can send any questions?
Please contact Steve Low at [email protected] with any investor relations questions.
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