Construction revenue is collected each month in advance for labor, materials and profit for the following month. Revenue does not depend on project completion. mCig contracts to build the facility. It's the customers responsibility to fill it with plants...
Until this year, mCig never claimed that pursuing a Nevada MME certificate was one of their goals or part of their business plan. This is a classic straw man argument. They don't need one for Rollies. If and when the timing and business conditions are right they can always buy or partner with a cultivation facility. The fact that mCig is managing (not just staffing) a grow facility as an agent for a licensed grower proves they don't need an MME certificate to sell Rollies.
ROTFLMAO The most serious issue required them to move $435,000 from one line on the cash flow statement to another. It resulted in more cash flow from operations and less from financing activities. It was reported properly on the subsequent 10-Q a few weeks later. Hardly a huge scandal. SMHL