RE:RE: $11 Million Mortgage Loan, Stephanie Li
To answer your question, our major plan up until the end of 2022 is we focus on the R&D facility in Fort Saskatchewan and also the Aldersyde facility to achieve steady-state production in order to generate revenue. Without considering the revenue to be generated from the Aldersyde facility from a capital requirement perspective, we anticipate somewhere between $50 million to $70 million requirement. Beyond 2022, we’re still in the process of finalizing the budget and also decide what would be the cost requirement for the full-scale facility that needs to be built in the Fort Saskatchewan site. I hope that answers your question.
Gringotts wrote: A loan (mortage - refinancing) was inevitable. On the surface it appears the new hire, Stephanie, did a very good good. Lets hope Aldersyde is generating revenue by second quarter and that FS falls into place without too many hiccups. Hopefully, we will not need any new raises!
glta