From the last financials: "On January 18, 2019, Canandia received its B2B sales license for its Delta location (the “Delta Facility”) from Health
Canada pursuant to the Cannabis Act and Cannabis Regulations. The newly awarded license allows for the sale of final packaged flower, plants and seeds to Licensed Producers." So they can sell B2B not B2C
To me this means they can sell the dried packaged flower grown in their already built 4000 sq ft facility in Delta, thus the need to hire the master grower which joined recently
The corporate presentation had said they had planned on building out more sq footage but the financials show only 4000 that is already built as "planned" for 2019. I would think for the Mission facility they would need HC approval but maybe I am wrong.
As per the financials:
"Canandia has two properties: (1) a 4,000 square foot licensed cultivation facility located in Delta, British Columbia (“Delta Facility”), and (2) an additional property awaiting construction of a 50,000 square foot purpose-built indoor facility located in Mission, British Columbia (“Mission Location”)."
Invictus is on the hook for $10M to fund further buildouts, which is $10M they don't have right now so I think that is why they changed their square footage
IMO, they totally screwed this up with the lack of communication and the NASDAQ listing with the associated share split. I think they were going to use that to then do a financing and fund further expansion. When the share price plummetted, they have now been forced to sit tight on further expansion or do a seriously bad financing at these levels, which I really hope they are smart enough not to do, otherwise we will see much lower price than 44 cents IMO
