Friday, February 14, 2020 4:50:40 PM
it's very very ugly
- not paying employees since Dec
- key employees threatening to leave would could result in licence being revoked
- did not pay ABG the Jan 7 payment nor did they issue shares
- current strains not selling. have new ones but won't be ready for sale until May
- need $4-$5M to finish east wing and $1M for west wing
- $9M in accounts payable with many over 150 days past due
- Unified deal failed because Unified could not raise the cash
- and on and on it goes
https://www.pwc.com/ca/en/car/invictus/assets/invictus-001_021320.pdf
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