IMO, most importantly 90% of the liability of that greenhouse is gone, no need to find a new buyer, no mortgage payments etc... and IrieCBD moving their operations into the more cost effective Green Lotus facilities is a big plus.. that would imo explain why marketing costs were so low this quarter, as I’m sure they want to intertwine the 2 entities before a big marketing campaign rollout...
now we wait to see the exact terms of the all stock purchase, some may say $14M is a lot, but based on the forward looking statements regarding revenue, the huge contract with CBD Life, the added cost savings and overall future potential I would say it is a fair price...and since Merida is clearly running things now I would assume a new round of funding to be annouced soon...
