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chemist72

03/04/18 1:08 PM

#33550 RE: growdoe #33546

Think there may be a strategy here of NOT keeping too much cash on hand.

Seems like they may move money around as quick as they can by (for example):

Paying REI twice a month; paying master grower bonuses for each harvest; buying equipment and supplies as soon as needed; paying off operating expenses like lease payments, electricity, water, etc. as soon as practicable; paying out dividends when they reach some critical mass of cash on hand, etc.

Without any banks accepting MJ business accounts, this seems like a practical alternative to me anyway.

BeerIsGood

03/04/18 1:11 PM

#33552 RE: growdoe #33546

yes #6 talks about SIGO selling the end product

shall receive all the funds

I read it as REI, if they chose, buys all the trim from 3rd party.

If they are spending $400-$500K as implied(which they are not) they need to buy a crap load of trim.

The logistics of what SIGO currently leases does not warrant the space required.