Today, November 01, 2022 Protext Mobility ($TXTM) AND RSAMMDA LLC announced an agreement to produce and deliver 2,330,000 pounds of cannabis.
We sat down to review this deal as well as the expected outcome.
REVENUE ESTIMATE
The deal calls for 2.33 million pounds of cannabis and is noted as “the largest single flower and biomass order in history post legalization.”
The team at RSAMMDA Dr. J operates the 5000 Hectare New Castle Farm as well as federally issued hemp permits issued by the Government of South Africa.
The U.S. Cannabis Spot Index of cannabis is at nearly $900 per pound with 68% of transactions (one standard deviation) in the $527 to $2,075 per pound range putting the expected deal value & revenue at nearly $1,000,000,000 USD.
Management has mentioned in prior releases that their intention is to use the entire plant. Below is a peer comparison to other publicly traded companies who practice similar methods in the same industry.
COMPETITIVE COMPARISON
Numbers below in thousands
Contact Information:
For further information contact: [email protected]
About Protext (OTC PINK: TXTM)
Through its prior acquisitions, Protext has engaged in the research, testing and development of highly bioavailable botanical products all-natural ingredients formulated for nutraceutical and pharmaceutical applications through the use of proprietary live plant extraction technology.
Website: www.protxtm.com
About RSAMMDA.LLC:
RSAMMDA.LLC. is a wholly owned subsidiary of TXTM focused on acquisitions with two principals, Mr. Dylon Du Plooy and Dr. Ahmed Jamaloodeen (“Dr. J”). Mr. Du Plooy is a South African pioneer in the research, cultivation, production and distribution of medical cannabis and cannabinoids.
Website: www.rsammda.com
Disclosure & About TheOTCReview:
We are an independent OTC markets analysis firm. The above information to the best of our knowledge is current & we are invested in TXTM. None of the above should be taken as financial advice
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