Pharmagreen Biotech Inc (PHBI)

[Quintessence]

In the July 17 update, they talked about financing:

Commenting on the June and July roadshows, Dennis Petke, Alliance Growers President and CEO stated, “Now, more than ever before Alliance has access to new sources of capital to finance the Company’s projects that set Alliance apart from other medical Cannabis companies. Certain significant financing commitments are slated to complete in August and September accommodating vacation schedules. We would like to thank the many stakeholders of Alliance Growers for their on-going support and patience, which we believe will pay off very well in the near-future. We believe Shareholders and potential new investors will be pleased with the developments that will occur over the coming months as we pass through summer and we enter into the “return-to-work” Fall months. The coming months will include the most significant advances in the capitalization and execution of our business plan in the history of the Company.

http://www.alliancegrowers.com/uncategorized/alliance-advances-on-financing-and-business-development/

So financing commitments are expected in August and September. It is probably going to take some time before they realize revenue from their projects. They are in the early stages of developing the business.