Facts speak volumes ...In Sproutly's nov 30/18 (q3) financials, released jan 28/19, they mention the LOI with GCL. However, in LGC's dec 31/18 (q1/19) financials, released mch 12/19, there is
not one word regarding the LOI with Sproutly. I'm very interested to see what Sproutly's feb 28/19 (AFS) report states about the status of LOI.
- Nov 13/18 NR (do the math) - "The signing of the definitive agreement and establishment of the joint venture is expected to occur in January, 2019"
AND ALSO .......
Sep 20/18 NR (TSX approved) – “
$2.5-million secured debenture, convertible into an initial 30-per-cent strategic interest in GCL …
5-per-cent royalty on GCL's net sales for
$2-million, payable by way of 15,854,141 shares of LGC. The transaction is now fully completed .........................................................................................................................
$4,500,000 * *remember how they bumped royalty up to $2.4M in apr/18 then in may reduced it back to $2M?) - Sep 30/18 financials - "$2,500,000 secured debenture ...acquired a 5% royalty on GCL's net sales for an unlimited time period for $3,091,558" .............................................................................................................. $5,591,558
- Dec 31/18 financials - "as at Dec 31, 2018, the GCL Debenture was fully drawn down with total consideration paid amounting to $5,591,558 (September 30, 2018 - $5,591,558)
- $1,091,558 difference ????? (not what TSX approved)
Jun 21/18 (
9 mths ago) – “GCL is also commencing the expansion of its current growing facility in Montego Bay and is in
late-stage negations for the acquisition of an
additional 300 acres of land in Jamaica. “
PER WEBSITE (Q1/19): - supply agreement with Germany finalized
- Zimmer & co rapid expansion into Caribbean pharmacies and central & south America.
- is Zimmer 25% ($1M loan) or 6.75% ($270k usd) ?????