RE:RE:RE:RE:RE:RE:RE:Mari > EmblemIf they aren’t dropping $50M on a greenhouse now they have no need to raise money this year unless they have some other big plans we don’t know about yet:
“During the three months ended March 31, 2018, the Company completed significant transactions to strengthen its cash position. In January 2018, the holders of convertible debt exercised their option to convert their debentures into common shares of the Company, resulting in a $15,000,000 reduction of debt. As at the date of this MD&A, after considering the purchase of units in Fire & Flower for $2,500,000, completed in April 2018, and capital expenditures incurred at the Woodslee Production Facility in the interim period, the Company had approximately $77,000,000 in cash and cash equivalents.
In the Company’s MD&A for the year ended December 31, 2017, the Company reported approximately $80,000,000 in cash and cash equivalents as at April 27, 2018 and described plans to utilize the funds as outlined below. The expected use of cash and cash equivalents remains consistent as of the date of this MD&A.”