Saturday, February 24, 2018 1:29:32 PM
If SIGO stays frugile, they could easily pay back in cash.
There are 10 harvests between the last one and Aug 1.
Assume super low, conservative revenue per harvest of $100k. That's $1M. They would need to pay back $850k loan with $935k.
Have the money now to start/complete Phase 1.
Assume Phase 1 complete by end of May giving time to retrofit greenhouse. (Could be sooner. I bet they show off progress of Phase 1 at tour)
Completion of Phase 1 triggers the second batch of funding from St George, lets say 1M more.
Second 1M batch of funds to be payed back 6 months from June, or by end of November. In that time, another 10-12 harvests happen. Each harvest growing in yield and revenue. I did not include the harvests in June and July needed to pay back Phase 1 by Aug.
Phase 2 greenhouse complete by Aug.
All the above does not factor in Bay 6, or the harvests from Phase 2 starting in Oct. Revenues from Bay 6 could pay the operating bills, wages, lease, etc alone.
IT IS POSSIBLE FOR SIGO TO EXPAND TO ABOUT 70k Sq FEET WITH NO DILUTION AT ALL.
STEADY SAILING TO SUNSET ISLAND
My profile pic is super-frosty Banana OG from Sunset Island Group (SIGO).
See SIGO's grow operations here:
https://www.instagram.com/vbfbrands/ (open to public)
https://www.instagram.com/battlemountaingenetics/ (need Instagram account)
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