RE:RE:EXPANSION EXPANSION EXPANSION'of course they were going to need more funding' lol. So definitive now that the prospectus is here before us. Try trelling that to this board a couple months ago, heck, even a week ago. I still can't understand how people believe their IR stating expansion of the building is fully funded when the prospectus, prepared by directors of the company, explicitly identifies an additional need of $7m to complete construction. IR's response to retail investors or directors of the companies response to BCSC - who do you think is more relevant here... Lol
TheBar10der wrote: I for one think their expansion plans laid out on Sedar is fantastic news. Of course they were going to need more funding and I fully expect to see NR after NR coming in turck loads late 2018 and early 2019.
Why are people acting so silly on here - continual expansion in the States they are in - With additional expansion into Arizona Washington and Canada. Lots to look forward to.
Info found on Sedar as to where the $15 mil will be going to.....
There is no guarantee that the Company will receive sufficient net proceeds from the Offering to
accomplish some or all of the objectives set out above. In the event the Offering amount is less
than $15 million, the Company intends to utilize the proceeds of the Offering in the following
priorities:
(a) first, to completion of construction on the Cultivation Facility;
(b) second, to expansion into California;
(c) third, to expansion into Colorado;
(d) fourth, to expansion into Washington state;
(e) fifth, to expansion into Canadian markets;
(f) sixth, to expansion into Arizona; and
(g) the balance to general working capital purposes.
The following table indicates the approximate amount of the net proceeds of the Offering
intended to be allocated to the foregoing uses, assuming the maximum Offering is achieved:
Use of Proceeds Approximate Amount
Completion of construction of Cultivation Facility $7,000,000
Expansion into new U.S. markets:
(a) California; $2,660,000
(b) Colorado; $665,000
(c) Washington; $665,000
(d) Arizona $1,500,000
Expansion of Infused into Canadian markets $1,000,000
Unallocated Working Capital (1) $10,000
Total $13,500,000