Further Change to Timeline GuidanceHere is an update to my May 15 post (here).
With the June monthly report, the company has further delayed the timing on the completion of the construction on the Adelanto facility (and with that presumably the commencement of operations). It would be really nice for the company to provide an update to shareholders on what is causing additional delays at this juncture.
Are the delay causing issues ones for which a solution is known and being implemented or are they issues where no solution is currently known (in which case we should expect a much much LONGER delay)?
Here is the summary in table form:
https://investorshub.advfn.com/uimage/uploads/2017/7/10/ilyrt2017-07-10_LDS_Guidance.jpeg
The source of the above data has been pulled from the sources listed below: May 4 Press Release (link)
Construction of the Adelanto Facility is currently underway. LDS expects that construction of the extraction and manufacturing wing of the joint use Adelanto Facility will be completed in May 2017, with construction of the nursery and marijuana cultivation wing of the Adelanto Facility expected to be completed in July 2017.
May 15 Press Release (link)
Separately but related, LDS expects that construction of the extraction and manufacturing wing of the joint use Adelanto Facility will be completed in late June 2017, with extraction related operations expected to commence in July 2017. It is anticipated that the construction of the cannabis cultivation wing of the Adelanto Facility will be completed in July 2017, with cultivation related operations expected to commence in September 2017.
July 10 – June Monthly Report (link)
During the month of June, Lifestyle Delivery Systems Inc. continued its work on construction of the permitted facility in Adelanto, California. The Issuer expects that construction of the extraction and manufacturing wing of the Adelanto Facility will be completed in July 2017, with construction of the nursery and marijuana cultivation wing to be completed in August 2017.
~S