OTCPK:EMMBF - Post by User
Comment by
deminimison Nov 16, 2017 1:19pm
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Post# 26977997
RE:RE:RE:What type of facility does $55 Million buy you?
RE:RE:RE:What type of facility does $55 Million buy you?$55 Million should get you somewhere between 250-300K state of the art, highly automated greenhouse with supporting infrastructure that would be able to grow upwards of 50k KGs. Esstentially close to a 1/2 scale Aurora Sky (I believe Sky’s 800k includes infrastructure, not just pure cultivation space).
That’s right they have changed gears and are now going greenhouse. If they announce this, the SP will go ballistic...but their prospectus says they are only building a 120k sq ft greenhouse. If this is the case I think the SP will tank because $55M for only 120k sq ft is garbage. Logically I just don’t think $55M for 120 sq ft is realistic so I am hoping they have upped the size to 250-300k but didn’t update the prospectus.