RE:RE:RE:Summary of newsJonasss wrote: Dont forget that they didn't have any money and few management staff on board during the last 2 months. So not much activities happening as they were waiting for financing. And I don't think that there is any sales because they haven't produced anything yet. So what they did is they planted the seeds because it is not a big task I believe but once the seeds are plants that's when they will need growing staff back and I think that they timed it well with financing to start to get production staff back to serve the plants like now. I believe the growing cycle for Cannabis as I read is 10-12 weeks. And 2 weeks ago Mel tweeted that they started planting so I believe in 10 weeks they will have product to sell or extract. And that would be Q2. So we need to be patient here as the market is still bear for the 11th month in a row. With this money that came in we can survive another at least 12months without even any production but during that time you will hear about other companies closing their doors, filing bankruptcy and merging to survive and whoever can survive that period will be the winner.
Toelder wrote: Jonasss wrote:
What will PURE actually get in cash from all the money that came in is $937k+ $2.1M= $3M. That money is NOT enough to start phase 3 construction but this money makes sure that we plant (already started) and extract our product. So dilution is negative but the company survived the storm. So we stay where are in terms of SP I see. I can't predict how SP will react in the coming days.
Hi Jonass,
I am wondering. They said they would begin immediately with sales, extraction and cultivating after HC approval (18 november). Because they were 'well-prepared' for cannabis 2.0..
But this NR suggest, that they are just getting started at the Brampton facility. What did they do from 18 november untill now?
Is there any revenue been made in this Q so far with bulk sales, extraction or whatsoever at the Brampton facility?
Man I can say I am very dissapointed!
This financing is dilutive AF! 37M new shares at 0,056... Malay promised us for the last 4 months we would see a non-dilutive one. Can we trust him again?
Oke, it is a harsh environment to get money. So we can give a little credit to the Pure team. But it's wat Arekay said: if they tempered expectatations people wouldn't be upset about this financing.
But most important. What is next?
How are they going to make money short-term? I still don't see any brands (!) coming online yet. At least put the website live. Again there is NO communication or whatsoever. That pisses my off!
And what's up with China? Corona virus is putting a lot of things down, I wouldn't be surprised if this effects Pure too.
Pure has to improve a lot in communication with shareholders. But I guess this is a returning topic, they do nothing about it.
Pffff I don't like the way Malay played us these couple of months!! In my opinion this is a big red flag.