Titan Medical Inc (TMDIF)

[SPORT19]

Oh and Medtronic development being done by third party supplier...highly doubtful the new office has anything to do with the Medtronic deal...probably the reason Medtronic made raising $18m milestone 2.....so they can pay the supplier and get the Medtronic development done....take a read....

“Since the Company has raised additional capital in the quarter ended June 30, 2020, it plans to meet the payment requirements of the Supplier Agreement and to work toward the achievement of the milestones set forth in the Development Agreement with Medtronic as a priority. Concurrently, it is developing a work plan with input from suppliers that is consistent with the Company’s priorities toward milestone achievement related to its proprietary single-port robotic surgical system, having regard to the Company’s available capital resources.
In any case in which the Company may be unable to normalize or otherwise proceed with relationships with development firms, it has and continues to identify alternative suppliers of those services.”