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Re: Goodtimes93 post# 297468

Tuesday, 03/19/2019 4:58:23 PM

Tuesday, March 19, 2019 4:58:23 PM

Post# of 341625
Looks like it should be something on their balance sheets for future quarterly reports as well (unless American Green's deal with NHR changes):

Natural Herbal Remedies commenced operations and had their first harvest during November of 2018. Per our agreement to finance and manage the facility for its licensee, American Green will begin to receive rental income and management payments.



So the rate seems to be $145k per quarter, of which someone (or several others) are pocketing $110k in salary fees, leaving only $35k for the company's books. Considering it cost them around $3.7 million for the facility (under "Leasehold Improvements" in the financial report, NOTE 3), it'll take American Green around 26 years to break even on the grow facility...