"Where did this juicy revenue figure come from, considering FITX still hasn’t launched its grow op facility in Lakeshore, Canada? The answer is further down the report. The company described selling a 7.5% interest in the net revenue interest of its facility against the sum of $5 million. This was just a fraction of the 25% revenue interest FITX intends to sell for a total of $20 million.
What’s a little strange in this instance is that the company recorded the $5 million under revenues, even though this does not constitute operating or ‘regular’ revenue. Who bought the 7.5% interest is also not known."
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