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Alias Born | 06/17/2010 |
Thursday, June 27, 2019 12:30:26 PM
Hi Mark,
Thanks for reaching out. As you know, the cannabis sector fluctuates a great deal on a day to day basis and this can be very frustrating for all our shareholders, and the team we have here. Due to regulatory rules, we’re also very limited in how we can communicate while we close the capital raise announced two weeks ago, which is expected to close on or about June 26, 2019. After that, we can continue to be extremely proactive in communicating with shareholders on the progress being made.
The fundamentals of our business have only improved in recent weeks, with a successful capital raise and the game-changing outdoor cultivation licence. While the share price hasn’t reflected that during this market-wide downturn, we’re confident that it will turn around.
Moving forward, we believe we have important catalysts in 2019 as we really ramp up our cannabis cultivation and products across three facilities. Some of the important catalysts include:
160,000 sq. ft. Niagara Greenhouse
60,000 kg Port Perry Outdoor Grow
50,000 kg Extraction Capacity with Phase II Paris Expansion
175,000 kg, Five-Year Supply Agreement with Aphria
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GLTA!
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