RE:MMJ Full Capacity?InvToRtr wrote:
Just trying to make sure I got the full picture on this company.
1. They are somewhere in the process of completing a facility in Dorval for 10,000 sq feet.
2. They were going to partner with THCD but that deal fell through as it never finished its facility, but Matica recieved some funds from that bad deal. The building for THCD was supposed to be only 6,200 sq ft.
3. There is another proposed building for 13,000 sq ft that has not yet been started somewhere in Southern Ontario.
Did I miss anything? Just trying to fully understand the potential of this company in this industry, so any real information is greatly appreciated. Thier company website is a little lite on info.
1. Facility in Dorval should either be completed right now, or pretty darn near. Yes, 10,000 square feet.
2. Correct, though I'm not sure how many square feet that was supposed to be, but at this point who cares.
3. Correct there's a proposed building but what you're missing is that, it's actually TWO buildings. One is 13,000 square feet, the other one is approximately the same. They can easily be joined into one building almost immediately according to Matica's news release. So that 13,000 square foot building can become +/- 26,000 square feet. Also, that land is 14 acres which can give Matica the POTENTIAL of building a 400,000 square foot facility. Whether that would happen (or when) is not clear, as it's likely for "down the road" in the future.
4. There is a proposed building in Quebec (not Dorval) but hardly anything else was mentioned of this and it's not even on the Matica website anymore as far as I know. a couple people on this board think that Matica might not go ahead with that facility and instead concentrate on the Ontario one. but it's not "official" thjat Matica might not go ahead with it, that's just speculation at this point.