RE:RE:Maybe the pumpers could explain where the missing product is It is so funny that no pumper is willing to comment on publicly available facts regarding the amount of produced product by DORVAL facility, "...RoyalMax currently has over 400 kilograms of internally produced product..".
We know Dorval is a micro facility and they have no experience growing but to produce 400kg is just a joke. The first clones arrived in January (NR, Jan. 23, 2019) and Boris claimed they could do more than 1000 kg per year so if this fact doesn't ring an alarm bells than people putting money in MMJ are really in trouble.If you take into account that they own 70% of the Dorval production that would mean Matica PRODUCED 280kg of dried marijuana in 13 months!!.... Good luck surviving 2020!!!
The truth is that as we stand today Matica is losing money while operating/producing in Dorval .I also wonder who would like to buy their product and at what discount price because since they were growing multiple strains , the gram amount they produced for a particular strain has to be low and insignificant and their quality is definite questionable .
They can't continue losing money ,build Hemmingford and pump money in Yunify, they will need to complete a finnancing to survive . The Alumina finnancing deal expieres in September 2020 and it looks more and more that jjeerryy may just end up with 100 000 000 000 shares under his bed ...
Matica to the Mooooon!!!
September 10, 2018 / TheNewswire / Towould be ronto, Ontario – Matica Enterprises Inc. (MMJ - CSE) (39N – Frankfurt) (MQPXF – OTC) (“Matica” or the “Company”) is pleased to announce the Company has secured a draw-down equity facility of up to $20,000,000, with Alumina Partners,
The agreement details the purchase of up to $20,000,000 of units of the Company (the “Units”), consisting of one common share (the “Share”) and one common share purchase warrant (the “Warrants”), at discounts ranging from 15% to 25% of the market price of the Shares, with each Private Placement Offering occurring exclusively at the option of the Company, throughout the 24 month term of the agreement. The exercise price of the Warrants will be at a 25% premium over the market price of the Shares. There are no upfront fees or interest associated with the use of this financing.."
https://stockhouse.com/news/press-releases/2018/09/10/matica-announces-20-000-000-financing-with-new-york-based-alumina-partners Bruizer56 wrote: According to Boris, they started harvesting full capacity back in May so 3/4 of a year. That projects to about 600kg a year? That cant be right, wasn't Steve the Master Grower calling for 2500 a year?