RE:RE:RE:Anytime nowAll new greenhouses are more or less the same, and older greenhouses have been retrofitted. Calling it SOTA and purpose built just sounds a bit too promotional, but that's just my opinion. Black out curtains, water recycling, environmental controls are all common place. Sunniva has said they will implement automation, to which degree I'm not sure. I'm sure the greenhouses will be great, but that alone doesn't mean they'll produce a better product. Even with the increased efficiency, I'm a bit skeptical they'll be able to initally grow as much per square foot as they say, but will give them the benefit of the doubt on that.
Which 3-4 have relevant experience? I don't doubt they'll be able to hire a qualified team at all, but they need to so asap, - they know this.
The leaseback rate in California is objectively high, though not a surprise given the risk involved to BPG.
Unsecured debt financing rates are really high, because they're unsecured.
Of course they're highly leveraged, they're financing two expensive facilities and NHS isn't yet profitable. We don't know the details about the Canopy agreement, so much of it has been redacted. I assume it's very favourable to Canopy, why else would Canopy go with a company that didn't have financing, a licence, or even a site? Besides, the Canopy agreement is conditional on Sunniva receiving a licence, so it isn't bankable yet.
Disagreement over what? Ability to secure debt financing? It hasn't been done, so I think Alan has the right to be skeptical. He didn't say they won't for susre. Site selection to cultivation in 7 months? Also has never been done. What am I missing?