Maple Leaf Green World (TSXV:MGW) has started harvesting its first crop at its California facility, consisting of approximately 100 pounds of product. It is expected to be shipped out in two weeks.
As quoted in the press release:
Thereafter, the Company expects there will be a tranche to ship out every two weeks until the initial harvest is finished in October. The second crop will be harvested in November in the same fashion as the first crop and this second harvest is expected to continue until December. The selling price for the first tranche is anticipated to be between US$1,400 to US$1,600 per pound. With the target buyers of Maple Leaf’s product secured beforehand, a steady stream of revenue should flow to the Company from September until December this year.