The more they waitNo update on the Okanagan site sale.
I wonder how CannPharmaRX will afford to get the money to buy the site?
The offer already got reduced from 20 million to 16 million.
Fact: Every passing day, opex costs are mounting - Sunniva has to pay employees, for infrastructure, etc. Every passing day, the cash is being depleted. The more they wait for CannaPharmaRX, the more deeply they get in the financial hole.
It is apparent that no one else wants to buy the Okanagan site except an almost bankrupt CannaPharmaRX. That says everything about that site.
How many bridge loans is Sunniva going to get? How are they going to pay the 10% interest?
Will Holler sell his winery to fund the Cat City GH build out?
On a bright note, their payroll cost went down - CFO, President, Barker gone (though Barker was not a salaried guy). LOL.
Oh Ted - where art thou when we need you? Put down that toke and save us all.