At the time Future Farm purchased White Sands in January 2018, the estimated financial results for the business in calendar year 2017 were $2,800,000 USD in revenue and $400,000 USD in EBITDA.
The Company recently received the audited financial statements of White Sands for the 12-month period ended December 31, 2017 and is pleased to announce that the business exceeded expectations by generating revenue of $2,878,483 USD and EBITDA of $425,585 USD.
The Company expects its White Sands to continue the upward trend and generate $3,000,000 USD in revenue for calendar year 2018, with similar improvement in EBITDA.
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I anticipate we will learn the filing delay may be related to the increasing complexities associated with expanded company growth and diversity.
Remember it appear the White Sands audited statements were only received in late June and they would have had to be incorporated into other FFT documentation/audit material.
Regardless of the reasons I anticipate there will be trading by Monday.