If they have upcoming notes payable and no room in A/S to convert them then they would legally have to increase A/S. This just means that, if for some reason they cannot sell the crop, then they would have to issue new shares as repayment in November.
If they can get revenue from the crop, which they will, then no new shares would need to be issued to pay down the debt. The revs from the crop will more than offset it.
I'm looking for a PR that says the crop is harvested and the expected amount of CBD is #### per acre. At that point they can enter into a contract with a buyer. They could get a portion of the sale up front to pay down the debt.
Not to say they are going to do any of this, but this is a reasonable assumption.
PR should clarify everything.
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