From Thoth
Be mindful that the recent LOI is for a franchise. Meaning, that deal is cut and dry, hence the "standard closing procedure" mentioned in the PR. What I am trying to say is a typical LOI is finalized within weeks, as the company mentioned in the PR.
The reason the QIC LOI is still being negotiated is because its not a franchise, its a company owned location. Way more details need ironed out because QIC is footing the bill and I'm sure they have some of the brightest financial minds in the world making sure EVERYTHING is on point. Not too mention they are discussing more than the one location (Tanforan) that was PR'd so I'm sure that has a lot to do with it as well.
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