Nice! They must be looking at acquiring a substantial existing operation to reach those price targets. They made it clear in the S-1 that they are in process.
"We are in the process of acquiring another Colombian subsidiary within the Bogota free trade zone, which has all requisite licenses for the cultivation, production, distribution and export of cannabis and hemp infused products, and will serve as the Company’s primary base of operations in the Colombian market. Establishing operations within the free trade zone provides favorable import/export commercial terms and taxation, and will improve logistics and the overall operating efficiencies for the Company due to the close proximity of El Dorado International Airport and the commercial, economic and cultural center of the city of Bogota itself."
They said in the earlier 8-K that it was expected to close in 4-6 weeks. Now we just need to find out the who.
Next up, 8-K definitive agreement.
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