Friday, September 04, 2015 3:51:29 PM
To date, MedCannAccess has raised approximately $3.2 million from private placement financings. The proceeds of such financings, as well as any proceeds raised through Additional Financings, will be used for general corporate and working capital purposes as the Resulting Issuer executes on its business plan. MedCannAccess had unaudited working capital of $2.8 million as at June 30, 2014. MedCannAccess has started to earn revenue from the sale of medical marijuana plants to regulated purchasers in Canada, and is currently preparing audited financial statements in connection with the Transaction. On the basis of unaudited financial statements for the year ended June 30, 2014, MedCannAccess had gross sales of approximately $235,000.
http://finance.yahoo.com/news/buccaneer-gold-corp-enters-binding-164309415.html
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