OTCPK:CFGMF - Post by User
Post by
GUNSSon Apr 01, 2019 9:04pm
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Post# 29567133
Funding of CGM's Greenhouse for hemp seed propagation
Funding of CGM's Greenhouse for hemp seed propagationI think that a key next step for $CGM will be how, and when, they raise the capital to build the greenhouse for #hemp seed propagation. They need at least US$2 M. If they do it fairly quickly and with minimal equity dilution, I will be impressed. I think they're exploring multiple funding scenarios, let's see how this plays out. Personally, I wouldn't care debt, even secured debt, if it avoided significant equity dilution. $CGM has 55 M shares outstanding, about 1/6 that of #cannabis & #hemp peers. The top 10 #cannabis / #hemp companies have an average of 297M shares outstanding....