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Confirmed: LDS $12m financing delayed but not dead

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jb1965   Monday, 04/10/17 05:26:16 PM
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Confirmed: LDS $12m financing delayed but not dead

See article published today...

https://equity.guru/2017/04/10/confirmed-lifestyle-delivery-systems-lds-c-12m-financing-delayed-but-not-dead/

Some notable quotes from article above:
Quote:
We went back and retrofitted our building for the green building code, title 24, to do with insulation, power, type of lighting in the building, etc. We went back and handled that, and it’s now all completed, and we’re looking at this month for our final inspection for the manufacturing side. We’re still about 2.5 months away on the nursery and cultivation end, so there’s obviously a lot of things that Canaccord’s legal team have to roll through.


Quote:
The expectation is, “within the next five to six business days, we should have the funding done.


Quote:
If it was a Canadian deal it wouldn’t take so long


Quote:
competitors are now faced with the same retrofitting his company has already completed


Quote:
90% of the companies in California’s market would not pass this due diligence, because most of them are not operating under the laws as they exist now. We’ve gone way overboard as far as the regulatory side, in anticipation of what’s coming, because if you’re not compliant now, you won’t get a license next year. Our competition is going to disappear, to a great extent, when the new rules emerge.



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