Would you like to know your yearly operating costs using CO2 vs. Ethanol? What about what yield you will have from your biomass? Maybe you’d like to calculate your potential yield from biomass? Good news! extraktLAB has a calculator for that! In this episode of extrakTalks, Dr. Jon and Randall discuss the launch of extraktLAB’s Cannabis and Business Calculators library.
There are many facets of the cannabis industry that take a lot of planning and careful calculation in order to see a profitable return on investment. This remains true whether you are a farmer, grower, processor, or investors. By building this calculator library, extraktLAB gives you the opportunity to take out the guesswork and use meticulous calculations to optimize production and see a worthwhile profit – no matter what part of the cannabis industry you may be a part of. The calculator library is always growing!
Whatever your need, extraktLAB will provide a calculator. So, whether you’re a farmer, grower, consumer or producer looking for a tincture dosage calculator, outdoor grow yield calculator or various manufacturing cost calculators – all are discussed in this week’s podcast, Calculators Galore!
LISTEN to this episode:
[06:10] Estimated Co2 vs Ethanol Yearly Operating Costs
[33:50] CBD Yield Calculator – Estimate Weight of Output from Biomass
[39:45] Revenue Generation – Distillate Estimate and Revenue
[42:26] Cost Of Goods Sold – Labor, Material, and Overhead Per Month
[43:52] Initial Investment
[45:35] Revenue Results
[52:08] THC Oil Yield Calculator Based on Greenhouse Flowering Area
[57:03] Disclaimer on all Calculators
[57:30] Final Words
Welcome to extrakTalks with Dr. Jon podcast. Dr. Jon is CEO and president of extraktLAB and United Science an industry leader in hemp, cannabis and the extraction industry. Listen closely as Dr. Jon talks about his experiences, CBD extraction methodology and the ins and outs of owning your own business. Dr. Jon teaches you healthy business practices how to increase your profits and steps to take your CBD company to a whole new level. Let’s dive in.
Dr. Jon 00:32
Oh, here we go. I think we’re on it. We’re on Yeah, it looks we’re on
Randall Thompson 00:37
We got a lot of moving parts here. Crazy Yes. We got a whole team we got everything going on all over the place. We This
Dr. Jon 00:45
it’s pandemonium and mayhem
Randall Thompson 00:47
What a great word. pandemonium.
Dr. Jon 00:50
Oh, pandemonium. Yeah,
Randall Thompson 00:51
yeah, you know that. That’s really fun to say when you’re having a little CBD. Yeah, I guess so. I know. Sorry. Hey, welcome. I’m really glad you’re here. We have a lot of fun. This is a fun and safe place. And if you’re new here, don’t forget, if you get internet glitches or whatever, which happens, just push the red button to refresh and you are refreshed. If you don’t, it doesn’t bounce you out. It just refreshes your screen. And you’re right on. So that’s the technology that we use, which is really good today. That’s what calculators galore
Dr. Jon 01:28
go lower. Gonna be good. It’s like Eva.
Randall Thompson 01:32
galore. No, that’s Gabor. Sorry. That’s how old I am. Nevermind I’m glad you’re here. We’re having fun. We’ve got it. So we got frozen screen the fun safe place. There’s gonna be poll questions throughout answer. Introduce yourself in the chat. No Holds Barred questions. Anything Goes simple or tough. Join the chat in the queue, invite your friends, there will be a replay there will be a replay there will be already Play that’s our biggest question. Don’t forget to explore our resources live tour, this five ton a day facility. It’s really cool Dr. Jon went through and the whole place and it’s actually quite spectacular CBD jam sessions you guys are filling up our phone lines asking questions. No, no pressure no nothing. This is just people who will ask answer your questions and help you get unstuck. Advanced extraction guide, our calculator library is getting live and launched today.
Dr. Jon 02:33
Randall Thompson 02:35
Dr. Jon 02:35
it’s been a long time and coming
Randall Thompson 02:36
a mini course library is coming. So now I’m putting pressure on mini courses because we’ve got a lot of stuff in the can.
Dr. Jon 02:43
And next week, we should do mini courses. You want to get stuff done, you know, this is how you do
Randall Thompson 02:49
next week, it might be two weeks from now because next week is what it is.
Dr. Jon 02:52
This is gonna be really good
Randall Thompson 02:53
extraction, past, present and future future extraction. So right now We’re seeing all of this growth of different extraction techniques and types and stuff. We’re gonna review them what’s really new, what isn’t what stuff. So we’re just going to put it all on the horizon and compare.
Dr. Jon 03:10
Yeah. So we’re going to basically we’re going to go out, we’re going to go look at all the technology that’s out there. And then we’re going to make a chart and the charts gonna compare them on different different aspects.
Randall Thompson 03:21
Dr. Jon 03:22
That’s what I do.
Randall Thompson 03:22
Are you an analytical chemist?
Dr. Jon 03:24
Well, that’s what we’re gonna do.
Randall Thompson 03:25
Yeah, it’s gonna be fun, though. Okay, just so ignore him. It’s gonna be a blast.
Dr. Jon 03:31
It’s gonna be informative too
Randall Thompson 03:33
Oh, it’s gonna be very informative. Okay, so if you have questions about that about what’s the on the horizon, what’s out there just shoot questions ahead of time. And, and that’s good. So lots of calculators. Today, we’re doing calculators, how to calculate yield from extractors, how to get the yield, you know, distillation, breakeven analysis, operating costs, cost comparison, capital cost, blah, blah, blah, blah, blah, lots of them, and we’re gonna we’ve got I’m on so again moving parts, lots of technology, so bear with us if we have a slight hiccup, and you know that happens because you’ve been here before. This week’s winner on Instagram Jason law.
Dr. Jon 04:12
Randall Thompson 04:13
Jason law from New York. Yes. Am New York City. I don’t know if you’re in New York City just says New York. So sorry if you’re not from New York City, but hey, New York City. He wants a drainDroyd hoodie. Okay, I want a drainDroyd hoodie
Dr. Jon 04:30
can’t have it.
Randall Thompson 04:30
Why? doesn’t and that was the creative contest on Instagram. Good. Thank you join that it’s all there. He shared a picture of distillate and crystals in the clearSTILL to his story and made a little ad out of it. Oh, that’s cool. Well done. All right. Sorry. I’m rambling.
Dr. Jon 04:51
We have also we are going to be exhibiting at the International cannabis business conference. So that’s on June 9. It’s an online online conference. There’s a lot of online games. Yeah, we’re gonna try it out and see how about Rick’s Rick’s juice is gonna Steve’s gonna be there, right? Yeah John’s john Salley basketball player. Yeah, Tommy Chong, right? Yeah, it’s gonna be awesome. Ed Rosenthal, many others will be speaking. It’s gonna be fun. We are we going to put swag bag giveaways for that? Is there like a swag bag, Jared? Stop by our booth. You get sign up. We’ll send out a swag bag. Yo, yeah, it’s a
Randall Thompson 05:27
Dr. Jon’s talking to Jared back there. He’s our social media manager. He’s, he’s awesome. Yes, he does.
Dr. Jon 05:33
He does. We got
Randall Thompson 05:34
a great team. I’m excited. Okay, so without any further ado, calculators galore. All right, right. Right. All right. Where do you want to start?
Dr. Jon 05:45
Well, I’m not sure. I just want to bring him
Randall Thompson 05:50
No, I have a calculator on my phone.
Dr. Jon 05:53
Okay, I think we got to switch the screens here. This crack team will switch the screen.
Randall Thompson 05:59
These are Cool calculators, lots of work lot. The whole team has been working on this. And okay bidding and different things. So
Dr. Jon 06:08
sweet. Okay, cool. I think we’re set. We’re even in the little. You see the little box there? We’re in the little box. We’re done. Hey, can you make us bigger on there?
Randall Thompson 06:20
Why doesn’t our voices go up when you get that small? Doesn’t that what happened?
Dr. Jon 06:24
All right. All right. So here’s the first. Here’s the first calculator that we put together. Let me see here. Okay, good. Good. Good. So what this is, is a estimate of co2 versus ethanol extraction yearly operating costs. Wow, that’s a mouthful.
Randall Thompson 06:43
Well, this is the calculator we get asked about the most Yeah, it really is.
Dr. Jon 06:47
So this is basically it’s got all of the operating costs for co2. And it’s got all of the operating costs for ethanol extraction. What we did was we got data from You know, ethanol extractors and you know, just to make sure everything was accurate as possible but also what’s really cool about this is you can put your own assumptions in there and toggle them. So you can for example, you know, there’s a wide variance on you know, the type of ethanol you might use or there’s a wide variance in the you know, what you might be using for ethanol and the costs you might be paying. So what’s really cool about that is you can you can toggle you know what your co2 cost is, what your ethanol cost is, you can slide it down so okay look, I’m getting a really great deal on ethanol. I got I’m paying like you know, 10 bucks a gallon. My co2 I’m buying it in bulk, but not in really good bulk. So I got like five cents a pound, okay. Instead of Yeah. And then also it has calculates the amount of power and it comes in, it calculates the power required for Ethanol and the power required for co2. Now a lot, basically, the whole power equation is dominated by, you know, by cooling the ethanol down, and also by evaporating the ethanol. And it turns out that that’s a very energy intensive process. So it’s totally dominated like 80 to 90% of the energy costs are really involved with cooling and heating and evaporating the ethanol. When you’re talking about that. We’ve taken that all into account. And we have, we have, I also have another calculator that goes into how that is done, how that calculation is made, but I’m not going to show that here. But it’s it’s more of all the assumptions and then you can toggle the assumptions up and down. There’s something that can’t be toggled and that is thermodynamics. So why just can’t toggle it. I mean, it’s not that we don’t
Randall Thompson 09:00
I took my chance I took my opportunity to just kind of go wow, what?What?
Dr. Jon 09:05
It’s just this constant. So, you know, I
Randall Thompson 09:07
don’t hear can’t from you very often.
Dr. Jon 09:09
Yeah, you can’t do it. It’s just it’s a number and it doesn’t just is Oh, yeah. Okay. So like the heat of vaporization for example, for ethanol, you know, that, yeah, that will that will never change. Okay. Okay. And then, let me see here, how much ethanol extraction per day. So that also has assumptions in there as to how, how expensive your equipment is. So that’s cool. Okay. All right. So it’s not it’s taking into account you know, what, what your capital outlay is, and then for both co2 and ethanol, okay, and, and then it will ask you for how much you gonna pay your hours per operator. So, you know, in some places, you might have a higher cost for operators than you would for others. So, you can toggle that and you can slide it it’s super, super cool. So you know, 15 dollars an hour or $10 an hour, you’re paying your operators or if you’re in a really strong labor market, maybe $20, $24 an hour, whatever you can, you can see what that will cost you because there’s a labor content to this. And then how many hours a day you’ll be running. So are you going to run one shift two shifts, three shifts, you know, and this, I want to talk a little bit about assumptions here. So what we’ve done is fixed the fixed the throughput, so we’re not we’re not saying okay, this piece of equipment and the throughput on this piece of equipment, and then a second piece of equipment and throughput on that. No, we’re not. We’re fixing it. So okay, we’re putting the equipment in there that’s required for that particular throughput. Okay, so we’re comparing apples to apples, guys particular one. Okay. And then, uh, yeah, and then we also have over time and you’ll see how this this is a yearly operating costs here. Let me see here. So how many hours a day we’d be running and how many days per month month will you be running? So, you know, some people will run on weekend shifts, some people will run like halftime, you know, so you can put in your assumptions. Yeah,
Randall Thompson 11:09
I was talking to a startup yesterday down in Colombia actually. And they’re they want to run two days a week. 20 hours a day.
Dr. Jon 11:17
Randall Thompson 11:18
Yeah, I mean, because they want to just, and then they’ll process post processing the other day. That’s great. I thought that was smart. Yeah. Yeah.
Dr. Jon 11:26
So yeah, you might as well that’s why I like to do things you know, intense get it done all at one time and then move on to the next thing. So yeah, okay, whatever. Okay, so you guys will get this calculator. It’s on our website, extraktlab.com/calculator We’re gonna, we’re gonna kind of use that as our hub. And the hub is going to be you know, basically, let me see here. It’s going to have our podcasts on there. It’s going to have all of our, all of our like, hemp guides and equipment guides that we have all of the calculators will be on
Randall Thompson 12:01
and it’s extrakt with a K. extraktlab.com. and when you go to slash calculator, but on the on our main site, that’s where we have a lot of resources, blogs, write white papers, everything is there also, but the calculator library will be accessible from the main page also. But if you want to go right there, just bookmark, extraktlab.com/calculators right, right to our library.
Dr. Jon 12:30
Right, right. So yeah, these will be on here where we’re putting more of them on there, we’re going to put some buttons in there. So you know, come back and we’re going to be adding more and more calculators to it. So come back again and again and again. Also, we have a little chat icon on the bottom right hand corner. You can see that we have live people online, our set all of our sales guys, some of our marketing people, they’re there to help you, you know, point you in the right direction. So if you if you need anything there all right. So then, so what we’ve done, let’s let’s go ahead and try this out. Right? And we’re going to we’re going to compare co2 and ethanol extraction. Okay, so we Okay, so let’s talk about variants and co2 costs. Okay, so we
Randall Thompson 13:13
question Is there a way for us to increase the size of the screen? No, you did. Oh, you already did it. James already did it over looks good to ever mind.
Dr. Jon 13:21
It does look good.
Randall Thompson 13:22
Dr. Jon 13:24
So if you are buying in bulk, you’re looking at, you know, maybe 4-4 1/2 cents and a half cents a pound. If you are, you know, buying in cylinders, you may be more expensive. So you maybe you can toggle and go, go up and down. I’ve never seen it more than 15 cents a pound. But it you know, I don’t know about every jurisdiction that’s out there. But we typically pay four cents a pound in this case, that’s a really good assumption because if you’re doing a ton a day, you’re usually buying it in bulk. You’re not buying it individual. So yeah,
Randall Thompson 13:58
those 15 cent marks that’s when you’re in BFE. Whenever you’re out in the middle of nowhere hard to get to, that’s when it gets high higher price.
Dr. Jon 14:07
Yeah, I think you know, okay, so I can talk about that a little bit. Because a lot of times, like, in more rural settings, they’re they’re typically more sometimes there’s like farming or processing vegetable plants or stuff like that. So they’re trucking co2 out all the time, all the time. Yeah. So we found that you’re actually your rural places are, have they, you know, they have, you know, they have it. So it’s not a problem we get. We typically do like either 26 ton or a 50 ton cylinder, for example of it, and one truck and receive like something, carry, like 26 tons. Yeah, so it comes in and they fill it up. And that’s it. And then it just sits there for a long time. Right.
Randall Thompson 14:50
The areas that are tougher in the mountainous regions when we don’t have a lot when you’re, when you’re there or on coastal regions where it’s really tough to get into. That’s what we’re seeing. In some areas, but high AG areas No, yeah, totally available,
Dr. Jon 15:04
right So, yeah, so that we’re going to put in here, we’re going to put in here our assumption of four cents a pound. And so ethanol cost per gallon, there’s a huge variance. If you’re going to buy like, you know, if you’re going to buy denatured ethanol, it’s really inexpensive. It’s pretty cheap. If you’re going to buy food grade right now, spot price as of yesterday was still $33 a gallon. But we’re going to do we know that before, you know, all the restrictions in the market. You know, it was it was right around, you know, like $18 a gallon, but you can toggle it however you’d like. I’m going to put it before the restriction. I’ll give it the benefit of the doubt and do $17 a gallon, how about that, okay. And if you’re going to do we can even do it at the, you know, we’ll go ahead and slide this down and see if we get what the different results look like. But you can slide it up and down. Or you know, go to the extremes in the assumptions And see what happens kilowatt hour. If you’re, you know, in high kilowatt hour high power, high cost power areas, you know, you could be paying up to 20 cents a kilowatt hour, we’re at about nine cents a kilowatt hour here. And so, you know, probably as you, as you put in your own assumption here, you’ll be able to see what the difference of the result but I’m going to put in this assumption of nine cents, and that will that will benefit the ethanol guys and it’ll benefit the us too. So you know, lower power, the better, excellent, lower cost per power, and then how much ethanol extraction extraction, you know, typically, so now you’re talking about equipment costs, and if you’re doing like a ton a day, you’re looking at anywhere from two to two and a half million dollars. Okay. And I guess you can, you can try to shop that around to see but I’m going to put it at the lowest level now lowest is 2 million. Even if you’ll see here that, that in the results that it doesn’t even matter if if even if you got it for a million it wouldn’t matter so that I but I revealed something before, before we actually did that okay
Randall Thompson 17:10
and for you non processors who are all right, we do have some non processors, a ton of days, 2000 pounds, so doing 2000 pounds of biomass a day is what, right this equipment at $2 million in ethanol is going to run you counting on cost.
Dr. Jon 17:26
Right? Right. Right. Just so you know, okay, good. And then you know, you’re looking at co2 extraction one ton per day, it is more costly, in fact, if we will just make the assumption that has doubled the amount of money. Okay, okay. And this is what usually people get. They get heartburn over that. Oh, yeah. So, so we’re just gonna say yeah, okay, it’s it’s more expensive. And there’s a reason for that and you’ll see here in the moment, okay. And then let’s say we typically our our guys are anywhere between 15 to 20 bucks an hour. So we’ll put 20 bucks an hour there. Good. And then, you know, depending on where you’re at, I guess and how many hours per day will you be running? You do maybe two shifts, or one shifts, let’s just say two shifts. You know, sometimes what we do is we stagger our guys. So like one guy, you know, some guys will do extraction in the morning, and then, you know, post processing in the afternoon. So something, let’s say, two shifts, and then how many days per month will you be running? We run about 20, on average, about 20 to 22 days per month. But, you know, I know a lot of places that actually run all weekend, they never shut down, they just go, they just continue to go. So that would just require more people who wanted to work weekends. Like, they’re hard to find, you know, but they do exist. I know they do exist. Now I see that you have put your name in here.
Randall Thompson 18:53
Dr. Jon 18:54
Okay, this is our little catch
Randall Thompson 18:56
my name, my email and my phone number.
Dr. Jon 18:58
Yeah, we want to be able to call You guys, um, you know, when you when you’re using our calculators, we’d like to interact with you in some way. You know, see what you guys are doing? You know, we’ll be nice to know is, are you guys thinking about buying any equipment? I mean, you know, what, what is it you’re trying to accomplish? You know,
Randall Thompson 19:18
we always want to, we always want to help you with equipment sales, we always want to work with that, because, you know, we’ve got award winning drainDroyd throughput, maximize your throughput on different things. But the reality is, when you get to the calculators, sometimes you have a question, call us. That’s okay. Right or hit the chat type to chat in. And you know, that’s manned. I think, initially until we get you know, somebody live there because we might be with somebody, we’ve got some automation in there that can answer some of your quick, the most frequently asked questions in there. So it’s very easy. Don’t worry about bothering us. We’re here to answer all questions. So Exactly.
Dr. Jon 19:56
Yeah. And we’d like to interact with you. I mean, obviously, you If you’re really interested in comparing the two year you’re about to, you know, you’re looking at, okay, well, which one is better for me, you know? So I think that it’s really important that you understand the differences and how they’re calculated. You might ask us about our assumptions here. We can go through all those with you in detail. So let’s get the results here and see what happens. Okay. Oh, it’s thinking. I see the three. Okay. All right. Well, it works out. Yes. Yes. Okay. Let’s Let’s go to the visualization. First
Randall Thompson 20:33
See, this is what he wanted. He wanted the pretty pictures. Yeah,
Dr. Jon 20:35
that this was what
Randall Thompson 20:37
this was the delay on the calculator.
Dr. Jon 20:39
This was okay. So he this green line here represents the ethanol cost per month, and the month is on this axis here. And the cumulative operating cost is on this axis here, ethanol operating costs, ethanol operating costs, and we are assuming Exact same throughput, right? of whatever. of one ton per day, right? apples to apples
Randall Thompson 21:09
blue apples and the green apples right are identical.
Dr. Jon 21:11
Exactly. And, and the you can see here that the, our assumption of our starting cost here for ethanol is less that has a lot to do with our equipment. Yeah. So here you can see you’re getting started at a less of a cost 2 million versus four. And then as you Yeah, you’re starting here a little bit more than $4 million. For the first month, I’m starting out with ethanol with with co2. So you can see, if you just looked at that and stop there, you would say why would I ever want to buy co2?
Randall Thompson 21:42
Dr. Jon 21:43
Okay. Now, you can see something that’s really an interesting feature about this calculator is it calculates the slope. And the slope, it turns out is very, very important.
Randall Thompson 21:56
Dr. Jon 21:57
And that is what is my cumulative cost per month over time. And you can see the slope for the co2 is just a lot less than the slope for the ethanol. So at some point in time in the future, even taking into account the initial cost, you’re gonna cross over.
Randall Thompson 22:21
Dr. Jon 22:23
And at that point, you now are saving lots of money.
Randall Thompson 22:28
Dr. Jon 22:29
For every month forever, yeah, basically for the lifetime of the equipment and for the lifetime of your plan, which is five to 10 years and if you
Randall Thompson 22:37
so that’s a little less than forever.
Dr. Jon 22:39
Yeah, right. You’re gonna have to you know, you know, update your equipment and everything. But as you add up those cumulative savings over time, yeah, you will find out that you know, you have a huge advantage cost advantage when you use co2 now Let’s, let’s kind of toggle some assumptions here and make it the worst case scenario for us. If I like, for example, if I said, Okay, we have an issue here, and we’re having a hard time, these are today’s prices of ethanol, and we’re used food grade, we’re not going to use denatured. Okay, so we got 31. Let’s see what happens. Let’s make it let’s make it not favorable for for ethanol, even less favorable than it is. So say we the prices went up here. And then we’re paying the same amount so you can see what happens. Look at look at what happened. The crossover point here went from nine months to five months just by changing the ethanol amount.
Randall Thompson 23:43
Dr. Jon 23:44
So yeah, I’m gonna make it really bad for co2 and see what happens to the crossover.
Randall Thompson 23:49
And all the numbers up here change dynamically.
Dr. Jon 23:52
Yeah, they all change dynamically. So I’m gonna make it really expensive to do co2. I’m going to have expensive ethanol cost. I got expensive electricity. I got four and a half million dollars. I’m putting on a 1 ton a day equipment. I’m you know, I got I’ve just did this bad situation for everybody here. Yeah, look at that crossover seven months.
Randall Thompson 24:14
Wow. Seven months. Look at that it. Okay. So from an operating cost perspective, just think about that the capital costs you can depreciate and amortize over time right? But operating costs stay with you forever. That’s what rings the cash register. That’s what pays the salary. Yes, that’s what brings you profit. Right? That’s where you make money.
Dr. Jon 24:36
Yeah, and we’ve said this before, I mean, we’ve kind of looked at it. How do you value your company? Well, if you can operate at a lower costs, you can do a couple things. You can lower your price and still maintain your profit. Okay, sure. fair to everybody else. Or you can keep it at you know, market price builds your brand people will buy your stuff and at the same time, you know, generate more cash flow, the more cash flow you generate, the more valuable your business is.
Randall Thompson 25:05
Absolutely. And I talked to people all the time who are trying to get funding their startup, whatever. I mean, we’re in a $5 billion industry right now. And in three years, that’s supposed to be five times that at about $23 billion. I mean, it’s giant. I mean, that’s, that’s a big growth. So there’s a lot of room for all of us to make money in this growing period. But as you go to investors, they love capital equipment, especially if you can show that crossover that slope. And and how you’re making money. And if you do it as a comparison, investors love this. And we’ll talk a little bit more down the road and we’re looking at ROI calculators and
Dr. Jon 25:45
yes, we have one down on that. That’s awesome.
Randall Thompson 25:48
One question somebody asked, If and Renato, thank you for being here. He wanted to do a smaller amount, but all you have to do is take when we’re at co2 extraction equipment if you want to do, he said, you know, 400 pounds a day, let’s say 500 pounds a day because it’s easier math. So all you have to do is take the number that we had originally, which is one ton a day and just divide it by four, right? So that all of these numbers just take 25% of that number and it should really well be accurate, right? So we needed a a stake in the stand in the sand.
Dr. Jon 26:26
Yeah, that was you have to compare you if you’re going to do any comparison apples to apples, you have to compare apples to apples. And if you know like, if you have to fix a variable, the variable to fix definitely is throughput.
Randall Thompson 26:40
Yep, so I know a lot of you out there are not doing 1 ton a day or five tons a day or whatever, just about everything and just divide everything by two or four or whatever it is. That is your capacity that you want to target. Right. That’s all right. Pretty easy.
Dr. Jon 26:56
Um, there are some like buttons here, and some follow buttons. If you like us on Facebook, follow just go ahead and click that. And, you know, it’ll it’ll bring you over to, to our social media.
Randall Thompson 27:10
Absolutely. Yeah. and we’ve got a lot going on Instagram and YouTube also.
Dr. Jon 27:14
Yeah if you like the page, you know, go ahead. There was a question about whether or not we incorporated a solvent reuse into this in the answer is absolutely we did. This calculator assumes a 5% loss of ethanol, basically, to the biomass. So, you know, if you have like dry biomass, you know, you have to fluidized it in some way you have to get it basically soaks up a lot of the ethanol, and then and then it and then it’s fluidized and then you can basically, you know, use it, okay, then you need to get all that ethanol out of the biomass. The problem is, is that it’s very, very difficult to get 100% of the ethanol out of the biomass So there’s a recovery associated with that. You know, and they use like salad spinners, like, you know what, basically washing machines presses anything to try to get that out. But it’s very, very difficult if not impossible to get 100% out. And so you’re always going to have some sort of ethanol loss. So the cumulative ethanol losses since ethanol is so expensive. Small losses lead to large operating costs, as opposed to co2 if you have small losses, doesn’t lead to anything because you’re not you’re paying four cents a pound for it. So it’s a it that is the big difference. Now, there are a couple things with since we broach the topic of reuse, it’s very important. The FDA guidelines have basically produced you know, basically three things that are important for ethanol guidelines for reuse. Okay, number one, if you want to reuse your solvents, you have to you have to declare ahead of time, and you know how many times you’re going to reuse it, you just can’t reuse it again and again and again and again. So there’s, you can’t just use it forever, okay? Because it’s going to build up contaminants over time. And the FDA guidelines have recognized this and they have basically said, hey, look, if you want to be compliant with our guidelines, you you have to, you have to make sure that you are you know, going back to original, the original specifications are for reuse. Okay, so
Randall Thompson 29:36
original specification, don’t forget that I mean that we talked about this a couple episodes ago, and it comes down to you have to bring that ethanol when you reuse it back to its original state.
Dr. Jon 29:46
Right? Or, or if if it can’t get back to the original state you have to show that suitable. Yes. Okay. And in those statements is a lot of different costs. Okay, that are hidden. Okay. First hidden cost would be if i if i retested my ethanol. And I found that there was a big peak in my test that I didn’t know what it was, it would not be a very good idea for me to delete the data in that case to say, Well, I just don’t know what it is. I’m going to use it anyway. Okay, no, you have to identify the unknown, right? That’s expensive. Yes. Okay, number one. Number Number two, you can distill it and and, and that’s pretty effective. You’re gonna distill it, you’re gonna distill it again and again, again, there’s a there’s also a loss there associated with distillation, you know, you’re not getting 100% out of oil. You know that because when you use it in you and use it in your clearSTILL or in your molecular distillation, you see some of the ethanol coming out. So yeah, so there are two things now it would be the testing and revalidation and the second thing would be that the declaration of how many times you can use it the third thing is you have to have specifications by which you can say this is not good and this is good. So, let that sink in a little bit because it’s a it’s a big deal.
Randall Thompson 31:10
This is a big deal. I know this is an analytical chemist rabbit hole. This one is very, very important. And we do have in our previous podcasts and video cast, we have gone into this in great detail. So I’m gonna let john finish up so we can get back to calculators. But this is vitally important. And I I’m good so I apologize. I don’t know how to take it back.
Dr. Jon 31:40
Yes, no problem. I just took a drink of water and I choked on it
Randall Thompson 31:45
Dr. Jon 31:46
You only have this little this little cup Oh no. And and I didn’t use it you
Randall Thompson 31:50
Why didn’t you
Dr. Jon 31:50
I don’t know.
Randall Thompson 31:52
That’s what technology is for.
Dr. Jon 31:53
I’ve been waiting technology is
Randall Thompson 31:56
in use it well. Mike Mike would have picked up your coffee here. Oh, and just so you know. No. stormy we do use this for everyone. The calculators are available for anyone just go to extraktlab.com/calculator so anyone can use it. So yes, please do that. And I know you use cold wash ethanol, you mentioned that stormy. So we we’ve got you know, there’s a lot of calculators here that will still be good for your use. And Gerard also just a quick answer to your question. Last week, we did facilities, podcast videocast. And that was that answers your questions. So I will go to last week’s on on that that requires special permits for large quantity storage? The answer is yes. But it depends on your territory. But I would go through our facilities feature, you know, you’ll really get a lot out of that Gerard.
Dr. Jon 32:48
Thanks for your questions. In that case we’re talking about we have we talked about occupancy. And we talk about building type.
Randall Thompson 32:56
Dr. Jon 32:56
And we talked about the international building code. So it’s a good it’s a good thing. Or views for you, Gerard. So, yeah, so that is our calculator.
Randall Thompson 33:05
Awesome calculator was
Dr. Jon 33:06
on this will do good now this is going to spurn a lot of questions from you guys. And because there are assumptions in there, and when you have those assumptions, please call us and we can discuss it. Also, I’ve been out doing comparisons with other people’s calculators, and they’re radically, there’s some I’m trying to figure out how they arrive at numbers. It’s like, so they’re there. We’re gonna go through some of those calculators, but not right now. And I will do a
Randall Thompson 33:41
calculator comparison. I
Dr. Jon 33:42
wanted to make sure that I understood it and I still haven’t. It’s like there’s a, you know, it’s I still haven’t figured it out. So I’m not naming any names at this point. But there are some very misleading calculators out there. I’ll just suffice it to say
Randall Thompson 33:55
absolutely. And just so you know, on the reuse mentioned, Aaron also brought up the fact that We do have, you know, there’s water that ends up getting into the ethanol that cannot be separated, right? water cannot be separated from ethanol. So you’ve got issues with that.
Dr. Jon 34:10
Well, it’s taught Yeah, you have. Yeah, that’s true.
Randall Thompson 34:12
Well, no, Aaron was right. I’m just, yeah, I’m just eye candy.
Dr. Jon 34:19
I’m moving on. Okay, so now we have in front of us a CBD yield calculator. This is a very simple calculator. It’s a, but this is going to basically tell you what all your yields are for an input amount of dried biomass. Okay. And that’s assuming of course, our methods and all of them.
Randall Thompson 34:39
That’s a lot of dry biomass.
Dr. Jon 34:40
Yeah, 1 million pounds. Well, you never know. Some people find a million pounds and we
Randall Thompson 34:44
a million pounds.
Dr. Jon 34:45
Yeah. How many acres would that be?
Randall Thompson 34:48
I don’t know.
Dr. Jon 34:50
That’s a lot. It’d be 100 acres I trying to think but here let’s let’s put in there. something reasonable. Something like Oh, hey, you want to put in there something like three? Let’s put it in. thousand pounds or 2000 pounds? Yeah 2000 pounds, there we go and then the plant potency, you know, typically the plant potency would would be would range anywhere from say 5% all the way up to 15% with more typically being about 10%
Randall Thompson 35:15
Let’s leave it at 10 Okay, good.
Dr. Jon 35:16
I like sliders so that you can you can toggle things. Maybe we’ll switch this over to a slider I don’t know. It’s just two inputs and we don’t need a slider I like sliders.
Randall Thompson 35:28
Leave this one alone.
Dr. Jon 35:29
Okay, here we go get results. Okay, it’s thinking now, three dots. Bam, bam, okay, estimated amount of crude. So, you got your crude, you got your winterized okay. You got your distillate long at your isolate
Randall Thompson 35:42
one ton of biomass 2000 pounds, gets you 171 pounds of crude oil
Dr. Jon 35:49
Randall Thompson 35:50
Dr. Jon 35:51
Randall Thompson 35:51
plus or minus, and estimated amount of winterized crude is 137 right, and estimated amount of distillate would be 92 pounds, right? So you’re going from 2000 pounds of biomass down to 92 pounds of distillate right. And 73 pounds of isolate. Right?
Dr. Jon 36:07
Randall Thompson 36:08
that’s awesome. Do you know how many times I get asked this question?
Dr. Jon 36:12
right Oh, here you go just go to our calculator. Now you can get the ratios
Randall Thompson 36:17
I also get questions of Okay, how do I get from this much winterized crude down to this much isolate. So, what you have to do is you have to play with the biomass until you get the right number of winterized crude, right, it hit and miss. Right, right. So if we wanted, if it’s 137 pounds of winterized crude coming out of 2000 pounds, how much if I had, what is a barrel is 55 liters right?
Dr. Jon 36:48
barrel is 50 gallons 55 gallon?
Randall Thompson 36:51
Yeah, so because this is pounds,
Dr. Jon 36:53
yeah, you have to use density and you know the density of the oils are right around one gram per mil Okay, so you can use that density and you can calculate, you can calculate the difference between you’d have to convert the pounds to kilograms and then in the kilograms into grams and then use the density of one. Okay? Yeah or so easy peasy. That’s all right. Yeah. You don’t need to
Randall Thompson 37:15
play with that to get to it. But this is getting your CBD yields.
Dr. Jon 37:19
Yeah, maybe we should maybe we should add on to here like kilograms and things like that. Because some once people, you know, like nobody talks about how many pounds of
Randall Thompson 37:27
why can’t we build the calculator in and just convert all the conversion?
Dr. Jon 37:32
We’re gonna do it. We’re gonna do it
Randall Thompson 37:33
Dr. Jon 37:33
Because nobody talks about pounds of distillate.
Randall Thompson 37:38
Yeah, because it’s not in the right. It’s not in the right vernacular.
Dr. Jon 37:41
Oh, yeah, we totally got to change it or give me both. What do we want? we could we could we could. We do like liters and kilos or milligrams or we could do
Randall Thompson 37:51
Oh, we liters and kilos,
Dr. Jon 37:54
liters, kilos, kilograms micrograms. Think of a difference. Wait,
Randall Thompson 38:00
how many how many micrograms Are you gonna get out of a million pounds? Oh How about how about Dalton’s
Dr. Jon 38:09
how many mega Dalton’s is it well that you know why not
Randall Thompson 38:16
convert that into what the industry languages
Dr. Jon 38:19
hey look if you guys know what a Dalton is just just put it in the chat please I he’s what he’s one of our accountants. I’m trying to get people to be on my side here.
Randall Thompson 38:28
We’ve got an accountant named Dalton. Yeah,
Dr. Jon 38:30
I told him what a Dalton was. He didn’t know.
Randall Thompson 38:34
But that’s kind of silly. Yeah. Yeah, it’s him. He’s a Dalton
Dr. Jon 38:41
180 pounds. Okay, all right. All right. All right. So that’s fine. Let me see here while we’re really getting through a lot of calculating, yeah, it’s this is okay. Okay. Yeah, I think there are some. Yeah, the CBD yield calculator assumes which one of your machines the E 140. Yeah, it does assume actually, I think that you could do the E 140. The E 180. Or, or whatever, because there’s no time dimension on here. So the differences between the different models, it’s the same. It’s the same.
Randall Thompson 39:14
It’s the same. It doesn’t matter.
Dr. Jon 39:16
Randall Thompson 39:17
throughput is all identical.
Dr. Jon 39:18
Right? Good. Yep. So yeah, let’s, let’s do something crazy here. Let’s do like, how I do. What am I doing a million let’s let’s check on the million. I want to see what that I mean, I could make one million and let’s do 20% we’re going to
Randall Thompson 39:36
oh my gosh,
Dr. Jon 39:36
yeah, cuz we got a good flower.
Randall Thompson 39:39
Dr. Jon 39:41
Yeah, here. Okay.
Randall Thompson 39:43
And it’s automatic.
Dr. Jon 39:44
Oh, wait, does it automatically go? Oh, yeah. Wow, look at that.
Randall Thompson 39:47
That’s a lot.
Dr. Jon 39:48
That’s a lot. Yeah. I think that you’d have the world’s supply there if you had that. So if you have a million pounds or 20% Yeah. You are a rich person, you’d be able to, you know, be able to basically undercut everybody on price.
Randall Thompson 40:06
Dr. Jon 40:07
All right. Um, now here’s one on revenue generation. And Tim put this together yesterday. So let’s see if it works. I think it’s, it’s okay. I think I kind of went over you know, we’ve been doing different calculators. I’ve been working on some of the more geeky calculators for you guys, like, you know,
Randall Thompson 40:29
very in depth net present value, yes,
Dr. Jon 40:32
net present value and then also the heat of vaporization calculations. Yes. People want to know, okay, about that. Look, if
Randall Thompson 40:42
the quantum thermodynamic
Dr. Jon 40:44
evaluator wants us to static at static expansion of real gases, it’s all it’s all in there. It’s all in there, folks. We got it. We got you taken care of. That’s what happens when you eat a bad burrito. Well, yeah, you get it, you get a go awry with that over under oscillator duplicator
Randall Thompson 41:01
Dr. Jon 41:02
Okay, let’s let’s get into this. Okay, so how much biomass Will you produce? This is going to be kind of cool. Okay, let’s go through it. But Tim told me it was absolutely. Okay, so 10 so we’re going to process monthly. Let’s do let’s do 20 Let’s do 40,000 pounds a month.
Randall Thompson 41:20
That’s a lot.
Dr. Jon 41:20
Randall Thompson 41:21
Dr. Jon 41:22
um, what’s your plant potency? Let’s leave it at 10 Okay, all right and then price. So this is the per gram distillate. So if you’re 2500 kilos, thousand a kilo 1500 kilos, you know the price varies depending on who you’re getting it from. Okay, um, 2500 is probably it’s okay that’s an okay price or nice distillate say 80%
Randall Thompson 41:42
so this isn’t CBD distillate we should order in there. If this is in thousands, we have to put in thousands.
Dr. Jon 41:46
Yeah, this is a price per gram. So yeah. Oh, so hello, yeah, already divided. Yeah. Okay, this is kind of cool. Okay, then we got. It’s asking us how much it costs us for biomass. Well, if I’m a farmer, It cost me what you know, maybe two to three bucks to three bucks a pound. If I’m buying it in on the spot market if it’s if it’s flour, CBD flour, you can be talking about, you know, hundreds of dollars per pound. Yeah. If you’re talking about you know, just like, you know, ground material coming out of the field, you know, anywhere from, you know, one $1 per percentage point is typically what you’re looking at for spot prices CBD. So if you have 10 percentage points, it’s 10 bucks a pound price proximately something like that. So when we’re leaving at 10 Yeah, this is our four cents a pound which we which we really like. You see here, ethanol cost per gallon, okay? Like, okay, we only use we only use food grade ethanol. Okay, we don’t we don’t use the hep Dane stuff. But if someone were to use that, you know, so we’ll just assume what the cost is pretty high. Yeah.
Randall Thompson 42:52
All right. leave it at food grade for sure.
Dr. Jon 42:54
That is a huge cost deal. Okay, so Okay, how many we pay nine cents. kilowatt hour, I can toggle that up and down as you need it. Okay, how many hours per day was running? 16? This is the same assumptions we had before.
Randall Thompson 43:06
Dr. Jon 43:07
Yeah, that’s pretty good. All right, and then how many hours we’ll pay 20 bucks an hour. number of hours. Okay. Yep. So this is per 400 pounds daily. So, we’re gonna do this
Randall Thompson 43:17
40,000 pounds monthly?
Dr. Jon 43:20
Yeah, I think we got number of operators. So we got three. So 40,000 pounds divided by 220 to 2000. Yeah, so I think three, three or four operators, something like that.
Randall Thompson 43:34
If three, or add another.
Dr. Jon 43:37
Yeah, I think that we have something like, Okay, if you’re talking about packaging operations, if you’re talking about, you know, your quality operation, if you have any testing people, you know, your overhead also isn’t, you know, isn’t there? I think he’s did he assume, assume anything here and then, okay, no, I don’t think there’s no overhead in here. But that’s something you got to think about and then also depreciation and thanks, but I don’t know exactly what he’s got here. So okay, cost for this equipment. Okay, this is for one. This is this is basically if you have a full setup for supercritical co2 equipment, you’re looking at, you know, you’re looking at 900 to a million. So 950 property building. Yeah, that’s for capital cost, right? So I would say, let’s, let’s move that down. Because if you’re running a single piece of equipment, you’re not, you’re not going to. I don’t know how many millions, you don’t need millions of dollars to put into your equipment. I mean, literally, you can run it in the room that we’re sitting in, you could do a ton of data out of the room that we’re sitting in right now. Easy. And that’s 800 feet, 900 feet, something like that here, okay. Working Capital, that’s the amount of money you need to have to stay alive while you’re getting going. So let’s say one and a half million and then the marketing investment one night Wow, he’s got it all in there.
Randall Thompson 44:58
Well, he does but on the co2 extraction equipment. Yeah. If you’re at 40,000 pounds and you’re doing roughly a ton a day, five days a week, yes. Don’t you have to have a ton a day facility? You have somewhere to go up to 4 million there.
Dr. Jon 45:13
Yeah, I guess we do. Let’s see here. Oh, this one right here. Okay. Yeah, you’re right. You’re right.
Randall Thompson 45:18
Could you say that louder for your audience?
Dr. Jon 45:22
Randall Thompson 45:23
I like being right.
Dr. Jon 45:26
Yes. So rare. Oh, good. Okay, here we go. All right. Well, here it is. Right here. Now let’s see what this calculator does. I’m okay. I’m curious.
Randall Thompson 45:41
On your mark,
Dr. Jon 45:42
get set. We’re gonna get the results.
Randall Thompson 45:44
go bam. A longer we’re gonna see through man. That was fast.
Dr. Jon 45:48
Wow, look at that.
Randall Thompson 45:48
Look at the revenue
Dr. Jon 45:50
Yes. Oh, yeah. Okay, so, so to 2 million bucks coming in monthly labor’s 28 total month in materials 401. overhead. Oh, he does have an overhead number in there. Oh, he just plugged Yeah. Okay. overhead is all the non value added labor. That’s not in your standard costs. And if any of you guys are cost accountants on here, you guys know what I’m talking about. You have standard costs and you have standard materials cost and then you manage variances.
Randall Thompson 46:19
So I’m, I’m overhead is that what you’re saying?
Dr. Jon 46:21
Randall Thompson 46:22
Non value added
Dr. Jon 46:23
definitely. People don’t like they have a hard time with Oh, okay. 50% of my job is non value added work, but
Randall Thompson 46:35
I’m reminded of that daily.
Dr. Jon 46:41
Okay, I should make a plaque. Okay, a total monthly cost of goods sold. That is all the materials and all of the labor looks like and all the overhead all put together. And you basically subtract that from your revenue to get Your gross margin 1.5 look at that EBIT da and then the SGNA. This is a sorry, what was the percentage there? Or what he, he has, he has somehow put in a percentage there for he was using a Yeah, usually. Okay, so typically SGNA will be, you know, that’s your, your sales, your r&d, your administration, and accountants, essentially all those guys that are very, extremely important for the management of your business. That’s all in SGA. That’s called overhead, of course. And, you know, it can range from 25% of your revenue, typically to, you know, could be up to 30%, depending on if you have a huge r&d program.
Randall Thompson 47:45
And in this, it’s just over 20% right, calculated here from 2.3 million down to 416. Yeah,
Dr. Jon 47:54
so it’s it’s in the ballpark.
Randall Thompson 47:55
Yeah. So that’s good, but 21%-22%
Dr. Jon 47:57
Yeah, we just this is a little performance generator, this dice.
Randall Thompson 48:00
This is your business plan, guys. If you need funding, you just plug the numbers in. And this is what you need.
Dr. Jon 48:06
Send your investor to this here. Here’s your assumptions.
Randall Thompson 48:09
Matthew, Bri, this is what you were asking me this morning at 6:30am. Thank you very much. And this is it right now I love you guys. Call me at 630 all the time. I’m up at five. So and everybody now has my phone number. So I’m up at five.
Dr. Jon 48:27
let’s publish that phone number.
Randall Thompson 48:30
Well, it’s already on. Right okay. So no, this is good. So EBIT. EBIT is earnings before interest in taxes, right earnings before interest in taxes EBIT da you may have heard of it, earnings before interest, taxes, depreciation and amortization. That’s EBIT da number. But that number EBIT is giant. That’s profit. That’s gross profit, right? That’s, that’s a good number. You want that to be high,
Dr. Jon 49:00
now you can run this same exact, you know, revenue generation pro forma for an ethanol extractor. And the issue is the operating costs. So where were those additional operating costs hit this sheet is essentially right here in this cost of goods sold, and the monthly materials. So your reuse in your ethanol losses are adding up and pumping up that number, you’re still probably going to be profitable, but you’re going to be less profitable over time, which means that you’ll have less cash generation, which means that your business will be valued at a less dollars. Okay. So that’s that.
Randall Thompson 49:43
So your funders, your investors who are coming in here, that total investment in is about $7 million to produce that revenue, and that profit. So what you do is you take that profit amount and you divide that into the 7,000,050 the cost and that gives you Return on that invested dollar of about just over 16%. And I tell you what, family offices investors, they that’s what they want to know. That’s right. They want to see, right, if I put this in how much in 16% is good? Right? That’s good.
Dr. Jon 50:15
Yeah, I mean, yeah. And I think, you know, a lot of these guys, they’re gonna want to know, they’re gonna want to know the net present value, and they’re gonna want to
Randall Thompson 50:24
calculate the enterprise value. They’re gonna want there’s a lot more than that, but that’s just, uh, you know,
Dr. Jon 50:28
I mean, the other thing is, you have what’s, what’s, what is missing here, I that I noticed I didn’t see this before, but we should look at depreciation in here too. Because it’s depreciation is a non cash expense that hits your that hits your income statement.
Randall Thompson 50:44
It does. But you know, I would leave it off because I think grow most of our guys are running cash businesses. And they’re not I mean, there’s still depreciation and amortization and the EBIT is fine. Yes, I don’t. What we do need to do I think is This is the estimate on distillate. And I think we need to make that conversion from pounds to leaders if Yep. And I think that that would be helpful. And then also, I think it would be good to say an either or, and I think it was David earlier. Or actually, Bob, Bob said, either or it’s distillate or . It’s not both. You don’t get both. Right. Right. You lose, you lose all the distillate when you make isolate out of it, right. So it isn’t either or, but I think that would be good. potential revenue from distillate or potential revenue from isolate. Right,right, cuz it’ll be different.
Dr. Jon 51:38
I think that depreciation is, would be nice to know, because that’s the actual cost of your equipment. Your cost of your equipment is not one for example, or whatever.
Randall Thompson 51:48
There’s a big assumptions there. So we’ve got a I think we can do that as a slider. Yeah. So let’s add it and see you guys are part of the r&d on these calculators. All right. Nice. Thank you here.
Dr. Jon 51:58
We got questions. You Yes THC. Yes, yes, yes it’ll work as a plug. No problem. I think we have a THC for indoor grow. I don’t know let me see is that next
Randall Thompson 52:07
let’s take a look another calculator This is good thank you for all the questions very vibrant I think we’ve hit all of the questions I’ve been able to kind of weave them in
Dr. Jon 52:19
yeah okay here we go THC oil yield calculator based on greenhouse flowering area. Okay so there’s, there’s sometimes there’s a difference between the yield, you know, like for example I want to know if I’m going to plant 20 acres worth of CBD. Okay, how much am I going to get out of that in terms of, you know, CBD oil and then how much THC Am I going to get out of a greenhouse you know, so there’s sometimes it’s different you’re obviously going to get more your greenhouse square foot areas smaller, but you’re going to be uh, you know, you’re going to be growing year round, okay, and things like that. So let me see See what I got here I got 5000 square feet would be your greenhouse number of plants per square foot. So that’s the intensity. Sometimes it really depends on how you’re growing your plants are you growing really large plants, you know, that are three, four feet high that need a lot, they’re bushy. They need a lot of space, those could be like three foot on center. So your number of plants per square foot could go way down. If you have smaller plants with a higher yield, you know, maybe you can, you can put something like a like one pound number, we can have like one plant per square foot, that’s actually a quite high intensity. I’ve only seen one place in all my travels around that actually achieve something like that. And they had a very specific strain. It was a high yield strain. And they had basically they were getting like, you know, a pound off of each plant and they were in a really small space and they had it it was super intense.
Randall Thompson 53:58
Dr. Jon 53:58
A lot of times, you know You see these plants that are doing like a pound two pounds per plant. And, you know, they’re, you know, they’re kind of bushy. So you can’t get as many of them in the square in per square foot. So one other thing that you might think about here would be like levels. So if you have if you’re growing say 5000 square feet, but you also have them on multiple levels, you can just take your area square foot and kind of increase it in this case, marijuana harvest weight per plant. Okay, you can put in your assumption here, we’re going to let’s put in 5000 there and see what happens here. And then we’ll put one exit. It’s not reasonable, but I mean, I’ve only seen one, one person that could actually do that. But yeah, we’ll put one plant per square foot, and then we’ll do one pound per plant. And then total cannabinoids, we do 18%. There, okay. And then we’re going to get the results. Here we go.
Randall Thompson 54:53
It’s not going
Dr. Jon 54:54
Randall Thompson 54:55
reclick see here.
Dr. Jon 54:56
We’re gonna click it again. They’re all there it goes. Alright, Like I missed,
Randall Thompson 55:00
you missed the clicker.
Dr. Jon 55:01
I did, I did. There’s a mountain of marijuana biomass to be processed 1750. So that is per harvest row in that case. So if you’re, if you’ve every 9000
Randall Thompson 55:14
square feet, you’ll it’ll produce 1750 pounds, right.
Dr. Jon 55:18
And usually what the way these guys do this is they have what they call rooms, and they’ll do like perpetual harvest. So they’ll they’ll do one room, and then and then one one week, and then they’ll do another room and another week, they’ll do another room and another week, and that way, they’re not taking down their entire crop. And actually, it’s a it’s a really great way to operate. So it’s a really good it’d be like a per harvest deal. And then you can get your weight of crude out of there and you can get your weight of discipline out of there. This is for THC. And we didn’t calculate the amount of THC isolate that you may get out of there. But this should get you where you need to be in terms of this.
Randall Thompson 55:56
Okay, this should answer your question. Okay. What other calculators Do we have We’re I think that
Dr. Jon 56:01
either we run enough or we’re running up against I think that was it. Oh, yeah, I think well timed. Yeah. So I think we have like another four of them that we put on here and we couldn’t get them on there.
Randall Thompson 56:12
Okay, so we just covered that four or five today which were really good and, and so I appreciate all your questions they’ve been rolling in all the time go to our calculator library at extraktlab.com/calculator extrakt with a K Don’t forget that. So we’re there go ahead and check them out. I think we’re gonna I talked to Tim and he said he thought that we were going to be able to launch with at least seven and probably up to 12 calculators.
Dr. Jon 56:49
Yeah. Yeah, so we got some really good ones in the works
Randall Thompson 56:53
really good. This is awesome. Well done, man. This is this is good. I do like the pretty picture go up to the pretty picture. Oh yeah, scroll up. That Wanna see why you didn’t see it anymore? I can’t see it. Oh, they went they went to us.
Dr. Jon 57:06
Oh, it does look good, look at that.
Randall Thompson 57:08
So, if you have any comments or questions, let us know. Go play around with the calculators, let us know. And we do have to we did promise the attorneys, we would do the disclaimer. So here’s our disclaimer on all the calculators. And you might die.
Dr. Jon 57:28
So yeah, do not drive drowsiness go trackers. Yeah.
Randall Thompson 57:31
Swim at your own risk. So that’s, that’s our full disclaimer. So our legal counsel should be or, or as our phones are going to start ringing. Yeah.
Dr. Jon 57:44
Hey, if you have any questions, please, please put them in the chat. If you have any said Hey, boy, I’d really like to calculator on this. We’d like to hear from you. Yeah, please. So we’ll make it. It’d be it’d be a lot of fun.
Randall Thompson 57:55
Yes. And Kai likes our sliders also. Oh, thanks guys. sliders are awesome. Okay, so thank you. for being here, our favorite part of this is the interaction and the questions, please keep them coming and even the interaction through the week and our CBD jam sessions where we can help you get unstuck where you have issues that you just don’t seem to get there. So and thank you for being on social. Appreciate that. That’s awesome. Just be here. Keep looking. Congratulations again to Jason law. Subscribe to our YouTube channel. There’s lots of resources there. Go to our calculator library. They’re fully available you know, you just got to plug in your your info so that we don’t have bots on there loading that’s why he asked for most of that information, right. So check out all of our social channels LinkedIn, Facebook, Instagram and Twitter. And next week, don’t forget extraction, past, present and future.
Dr. Jon 58:47
future future future.
Randall Thompson 58:52
those are those are our sound effects. You know, we’ve been having tried, we’ve been talking about shorting
Dr. Jon 58:58
these buttons here for a while. effect drainDroyd and we were going to do that trade right? We’ll do that I get off of here. We’re going to make
Randall Thompson 59:06
more technology. That’s right. We should have like bombs exploding or gnomes, shooting things or whatever. So we’re good. Any other questions? Let us know. We had a great session. Thank you for being here. Appreciate it. I’ll see you next week. We’ll be here next Thursday live at noon, but there are always replays so I’d love to have you here because we love those questions. All right.
Dr. Jon 59:26
Yes. Take care guys. Thanks
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