The above article states: “10 - 10,000 sq. ft. engineered bio-secure facilities, which have been fully funded by FSM, will be constructed in two phases, ultimately maximizing the potential of our 100,000 sq. ft. ACMPR licence once approved by Health Canada. Ground preparation on the site began on August 15th.”
LND2, you may as well update the Canadian revenue numbers to be 50% of projected due to the new “deal” made today requiring 50% of the revenue from Calista for the first 3 years go to the loan providers..
And this is after waiting 2 years to build it out fully. So 5 years until we are fully realizing our Canadian facility!!
No wonder they didn’t want stock. This is a sweet deal for the lender!