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Wednesday, August 21, 2019 9:00:32 AM
While we did make a significant down payment for the acquisition of the Paso Robles Ranch, we have been able to avoid issuing large numbers of new shares to avoid dilution for our existing shareholders. Due to revenue increases during Q2, mainly based on revenues generated in our distribution subsidiary, and our ability to secure the acquisition of the Estrella property via favorable mortgage loan agreements, we were able to avoid further share dilution caused by fundraising activities.
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