Re: The only reason they put the time and effort into
Yes, they need cash to pay their rent at all those facilities where they have not been paying rent, before they get evicted.
They have some severe tax liabilities, both sales tax and payroll tax. Penalties may be significant, because it is a really bad thing to not pay payroll tax.
Now that noteholders can resume converting and dumping dilutive shares, PHOT will need to do and/or pay for stock promotions to keep the stock price above 1 cent. If they don't, they have no chance of getting a OTCQB designation. While there are few requirements to maintain listing there (no late financial reports, etc), the initial requirements will need to be met.
It is unclear just how many stores they will need to close, as they keep losing money.
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