Replies to post #5819 on United Cannabis Corp. (fka CNABQ)

[tcm7]

That's Authorized shares which were for accounting When options and warrants will be exercised. Outstanding shares are about 88M with about half held by insiders.
They may need to raise some money for construction of new SC facility. New Mead Co. refinery could produce 10X the volume of pilot refinery which did $11M over last year. SC starts construction in July with others in planning. All similar to new Mead facility. You do the math. Profits from pilot facility mostly paid for new Mead refinery so that could happen with revs from new large Mead facility providing finances for subsequent facilities instead of raising more cash thru offerings.