The great promote continues to misleadhttps://web.tmxmoney.com/article.php?newsid=7190068585985484&qm_symbol=TGOD
Though the license seems like real news, this press release is just hype about R&D and buzzwords. They didn't say when construction will finish. Probably cause they don't want you to know it's in mid-2019. These guys aren't even close to 820K sf or 116K kg production.
And if you don't believe me, in case you missed this over the weekend:
Direct from TGOD's April 20 2018 prospectus:
The Company’s existing Hamilton Facility, an indoor growing and production facility has a floor area of approximately 7,000 sq. ft. and potential production capacity of 1,000 kg annually of cannabis, was completed in 2016. The Hamilton Facility also consists of laboratory space which will compliment the agricultural research activities.
The first stage of expansion includes a 20,000 sq. ft. indoor laboratory facility that will be used for specialty growing and formulation development with 2,000 kg annual capacity. The final step, which is expected to be completed in the fourth quarter of 2018, will be the construction of a 123,000 sq. ft. hybrid greenhouse with an 11,000 kg dried cannabis annual capacity.
The development of the Qubec Facility into a research facility is expected to be completed by the second quarter of 2019 at a cost of approximately $18 million. In addition, a 2,700 sq. ft. Breeding Facility is presently being constructed. The Company also intends to build an 820,000 sq. ft. greenhouse facility at the Qubec Facility that will have an expected annual capacity of 102,000 kg of cannabis annually, assuming the Company receives the necessary licences, the Qubec Facility is completed and demand for cannabis increases (output may not coincide with production estimates). The initial phase is expected to be completed by the second quarter of 2019 at a cost of approximately $110 million.
And take a look at this on page 47:
During the year ended December 31, 2017, the Company had no revenue from operations