GL Brands Inc. (fka GRLB)

[midas716]

They don't need another greenhouse yet. They are only using 20% capacity of the one they have in Spain. Would be nice if they used the money to build out another 30% capacity up to 50% or more.

"Currently, we are using about 20% of the greenhouse space and will produce hemp in increasing quantities with each harvest until we meet full capacity, which would yield approximately 10,000 kilos per harvest or 30,000 kilos per year."

"We expect to have the facility in full production by early 2019."

They also have not used the 20 Hectares of outdoor space yet.

"We will have three harvests a year indoors and we also have the rights for an outdoor grow space of 20 hectares (over 2 million square feet and expecting 20,000 kilos of Hemp flower sale price starting at €45 per kilo)."

No sense getting ahead of themselves with another facility when they have plenty to build out first.

Now think of how we might be able to adjust the revenue upwards if FRLF uses some of that capital they just raised toward purchasing another greenhouse or greenhouses in Europe. While the one in Spain is among the largest in the world surely thare have to be a few other good size greenhouses somewhere in Europe that might be available for purchase.