Friday, October 30, 2015 2:45:00 PM
Well considering they have NO products on means of an income that pretty much explains is. Let see say they get the licese, they are only allowed to grow 100KG per year.
So if they sell each gram at $8 per gram that's 800,000. 100,000 grams x $8 if you can't figure it out. Now work in $20K lease per month $240K, pay roll for the 4 growers and myriad of people needed to be in the grow and that pretty much eats up all the money.
Now tell me how are they going to pay off the $12,000,000 in debt?
Oh and HC has put a stop on giving out Ready To Build letters. http://news.liftcannabis.ca/2015/05/01/no-more-ready-to-build-letters-what-does-this-mean-for-mmpr-applicants/
So not a chance of getting an extra location and 0 value to an investor.
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