DDC announces 2 year budget including commercializationBottom line: DDC is spring loaded with $22,562,371 to spend and no debt, just approximately 20% of profits owed as warrants.
Over 2021-2022 two years, DDC will spend:
$1.2M over 2 years to scale their management and sales team
$3.25M on product development and commercialization
$1.5M on commercial testing
$1M on international market penetration
and $800k on international and domestic marketing
Total = $15.9M aggregate planned expenditures
This leaves $6.7M unallocated funds for working capital.
DDC is loading SEDAR.COM with all the right documentations. Transparency like this is exactly what makes me sleep at night as an investor.