MGW's Financial statements for Q1Anyone read them??????? They were released yesterday.
It seems the "one and only source of revenue - Emerald" is not even paying MGW yet?????
Just the true facts from yesterday financial statements. The AR keeps growing.
Why isn't Emerald paying MGW??????
10. ECONOMIC DEPENDENCE
The Company currently relies on a single customer, Emerald Farm Collective (“Emerald”), to generate its revenues. As a result, the Company is economically dependent on Emerald.
During the three months ended March 31, 2017, the Company generated leasing fees of $119,790 (same period last year - $nil) and consulting fees of $99,825 (same period last year - $nil). As at March 31, 2017, other receivable includes $490,032 due from Emerald (December 31, 2016 - $250,486).