Post
Topic
Board Securities
Re: [CANNABIT] Investment Details - Announcement & Discussion Thread #cannabit
by
cannabit
on 01/06/2014, 22:27:10 UTC
Week 23 Update

Here is an update for the month of June. In regards to dividends, it looks like we are going to have to aim for a payout every 2 months for the time being. The reason for this is because it takes 8 weeks of total flowering time and for a garden to be harvesting. Once the plants are cut it takes an additional 2 weeks for drying and curing before the product is ready for the dispensaries. Given this timeline, we are going to have gaps for the next couple of months. Once we start cycling through the upcoming harvest we should be able to see dividends being paid out on a consistent schedule. From the beginning of flowering until the flowers are ready takes about 2.5 months on average. Here is the timeline of our gardens below. Feel free to PM me if you have any questions.

Garden Timelines

We have a garden that has just finished the 6th week of flowering and we are now in the late blooming phase. Once the plants have been cut it will take an additional 2 weeks for us to dry and cure the product. We will have a new batch of plants entering the flowering cycle soon after the garden has been cleared out.

We have two gardens that are now in the 3rd week of flowering and these two gardens will be harvesting in about 5 more weeks. These two gardens look good and everything is going according to schedule. Once the plants have been cut, an additional 2 weeks to get the flowers dried and cured. A new batch of plants will be ready to enter the flowering stage soon after the garden has been cleared out.

The last garden will be entering the flowering period in 2 weeks as it is still in the vegetative stage. We are expecting about 10 weeks before we will be able to harvest this garden.

All gardens are in full capacity and we do not have have any issues at the moment. Everything is looking good.