HUMBOLDT, CA–(Marketwired – Feb 17, 2015) – Easton Pharmaceuticals Inc (OTC PINK: EAPH) unveils Medicated Markets revenue projections for fiscal year 2015.
In January of 2015, prices have increased for medicinal marijuana to $2185.00 per pound In California (dispensaries in the greater LA region as clarified in past communications) as an average. This is a marked increase from December 2014 prices of $1925.00 per pound. Revenue distribution is expected be stable throughout the year as a growth cycle is used for plants in various stages of development. Yield in prior harvests have consistently yielded 1.5 lbs per plant on average.
Clone to Sale revenue guidance are as follows:
Total plants grown being 10,000 x 1.5lbs yield = 15,000 lbs x $2185.00 approximate sales price
Revenue based on these targets stand at $32,775,000
In other related news, Easton Pharmaceuticals have initiated discussions with a Canadian MMAR Licensed grower to obtain legal active cannabinoids for its OTC topical formulations.
Questions relating to Medicated Markets Operations should be sent email@example.com where quick responses to any queries can be expected.
Mr. M Farrugia asked if any portion of future marijuana product has been pre-sold to lock in prices and when an expected 8K filing related to this transaction is to be made public. Our current dispensaries are allowed to purchase up to 60 days prior to delivery on any specific strains to maintain availability at their locations. An 8K filing is to be soon be disclosed by Easton.
About Easton Pharmaceuticals
Easton Pharmaceuticals is a specialty pharmaceutical company involved in various pharmaceutical sectors and others industries such as medical marijuana. The Company previously owned an FDA approved wound healing drug and currently owns topically-delivered drugs that are all in various stages of development. Easton has completed an acquisition that grants 40% ownership interest in Medicated Markets International LLC assets; a California Licensed Medical Marijuana Grower on 20 acres (3 acre growing area). Easton has also made additional investments into AMFIL Technologies and their groZONE anti-microbial airflow system needed for growing pesticide free medicine, and have an exclusive option to purchase up to 49% in a medical marijuana grow-op business post granting of license from Health Canada in Port Perry, Ontario, which has received a letter to build from Health Canada. The company’s gel formulation is thought to be an innovative and unique transdermal delivery system that can in the future be adaptable in the delivery of Cannabidiol extracts.
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