a little bit of info Here is a list of all the companies that ACG has its hand in.
As at August 31, 2017, the Company had 540,000 common shares (2016: 720,000) of Laguna with a fair value of $172,800 and $180,000. The remaining shares are held in escrow and will be released in equal tranches on September 18, 2017, March 18, 2018 and September 18, 2018.
Subsequent to August 31, 2017, the payment of $75,000 is applied to the equity interest in a botany centre pursuant to a binding Letter of Intent (“LOI”) effective December 11, 2017 with Pharmagreen, whereby the Company and Pharmagreen jointly build a new cannabis botany centre. The Company will purchase 15% of the botany centre for $1,500,000 by March 15, 2018, and has the option to purchase an additional 15% at $1,500,000 by June 15, 2018. $250,000 was paid in accordance with the LOI on December 21, 2017
As at August 31, 2017, the Company advanced WFS PharmaGreen Inc. (“PharmaGreen”) $65,000 in the form of a unsecured debenture, repayable on January 5, 2019 or convertible into equity units of PharmaGreen at a price of $0.25 per equity unit. The Debenture is non-interest bearing and is unsecured.
The Company acquired an initial common share of New Maple Holdings. Ltd. (“New Maple”), the parent company of Canwe Growers Inc. (“Canwe”), an Ontario-based company preparing to apply for a producer license under the Access to Cannabis for Medical Purposes Regulations. As at August 31, 2017, $62,500 was paid for 62,501 common shares of New Maple. In December, 2017 a further $100,000 was advanced for the acquisition of common shares of New Maple.
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This doesnt include its latest Venture into Biotech Canna in Quebec. Which was not in Q3 but Q4 (for those that would wonder).
The company has a (0.05) EPS which isnt bad at all and has put alot more money into consulting and development the last year.
If this stock stays above the 1.00 for atleast 2-3 weeks that 5 million PP shouldnt be a problem fulfiling and we will be well on our way. If we get news about the 5 million dollar dealio we should be catapulted into 2-3$ a share in my opinion.
So to sum this up. The company has alot of room to issue more shares to cover debts and other exspenses. They have roughly 180,000 coming in from Laguana through 2018 and with share price in around the 1.00 range has and will be able to raise future captial to close on all its deals in and near the future.
My thought remains the same though this company has until Summer to get that License if they dont get any movement on that we will be left behind and likley be swallowed up from these bigger boys! ( in my opinion of course).
Anyways hope this helps some of you that bought and had no idea what this company was about.
Most of these statements were pulled from the last Audit result.