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Thursday, October 17, 2019 9:26:12 AM
The continuing support of our shareholders and investors has allowed us to raise more than $13.5 million since December of 2017, which has been utilized towards increasing our cultivation capacity and acquiring related assets, including an additional cultivation license and a production license. We have commenced construction of a five acre Cravo® cultivation system on a portion of our 260-acre farm. Upon completion, this project will bring our 2020 outdoor grow capacity to over 300,000 sq.ft. Additionally, we will be investing more than $3.5 million to construct a state-of-the-art indoor grow facility at our 17,000 sq.ft. Las Vegas location. It is our intention to continue to make infrastructure investments to increase our production capabilities, thereby generating higher revenues on our path to profitability.
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