Fiore Cannabais Ltd. (FIORF)

[AlexGER]

Hi,

there is a new interim financial report available at http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00035394 (1st of March)


One thing I found interesting are the 200.000$ expected rent per month from one of the buildings in washington


Marapharm Washington, LLC, a wholly owned subsidiary of the Company, has closed on an asset purchase, agreement for a lease and purchase option agreement for the leasehold improvements and equipment within the 28,000- square-foot industrial building on the site. The Company has invested, and will continue to invest, an additional several hundred thousand dollars into improvements, including a building for production, packaging, and equipment. AlphaPheno Inc. holds a cultivation license for up to 30,000 square feet of cultivation and a production license with no footage limitations. AlphaPheno Inc. is the tenant and the lease payment to the Company is proposed to be USD$200.000 per month upon completion of the renovations, retroactive to the date that operations commenced. This will provide them with a fully equipped turn-key facility. Marapharm expects to enter into branding and licensing agreements with AlphaPheno Inc.