Operating expensesJust thought I'd share this for what it's worth.
Found it very interesting comparing some operating costs with Hempco (HEMP) vs Eastwest (EAST), specifically month lease obligations.
EAST below
On May 8, 2018, the Company entered into a sublease agreement for lease of office space for a period of 5 years expiring on May 31, 2023 which includes minimum lease payments of approximately $41,556 per annum.
HEMP
On November 18, 2016, the Company entered into an agreement for space in Nisku, Alberta. The lease has a ten-year term, from January 1, 2017 to December 3, 2026. Monthly lease payments are $60,667 per month for the first year, $67,667 per month for the second year, $72,333 per month for the third year, $81,667 per month for the fourth year, and $86,333 per month thereafter. The Company has the option to extend the lease for a further five-year period at a rate to be agreed. The Company’s annual contractual commitments under its leases for the next five years are as follows: Year Amount $ 2018 851,671 2019 849,332 2020 942,668 2021 1,017,332 2022 1,035,996
WOW !!