January 28, 2016 Updated Financial and Investor information 2 September 2016
This section was updated on 2 September 2016 due to a new certification of our test grow of Medical Cannabis in our Farm # 3 in Monteria Colombia.
The Colombian Government has taken random samples of our test grow of 1,000 medical grade cannabis plants. The reason for this random sampling is to determine the viability of our production as medical grade plants and the quality of such.
The following represents the results and market price as determined by FNE of Colombia, the controlling entity for controlled substances.
Authorized Hectares for growing fields: 20
Authorized plants per Hectare: 8,000
Flower yield per plant: 3 to 5 pounds
Graded extracted oil per ounce of flower: 3 to 4 grams
Market price as determined by grade of extracted oils: $120,000 to $180,000 Colombian Pesos ($40 to $60 USD )
Based on the above data as provided by our official certification, the following report is offered: (We are using the minimum values as provided by the Colombian certification)
8,000 plants per hectare
x 3 pounds of flower per plant
=24,000 pounds of Flower
x 16 ounces per pound
x 3 grams per ounce
=1,152,000 grams of Oil
x $40 per gram
=$46,080,000 USD per one Hectare per quarter.
VMG is in the process of preparing 3 Hectares for planting. Each growing period for a mature plant is 3 to 4 months. Planting schedule is one hectare per quarter providing an evenly spaced yield of 9 harvests per year. We need investors to help grow this project.