RE:Bottling FacilityWith 2 Bottling plants (one in production and the other one being built) it is sometimes a little confusing (for me) to establish what financial entities are applicable for what facility.
However, the new Bottling plant in Long Beach has the lease agreement nicely detailed under SEDAR and is as follows:
On March 1, 2018, the Company entered into two lease agreements for the Long Beach facility in California, for beverage production and bottling facilities. The leases commenced on March 1, 2018, with a term of 5 years and 3 months, ending May 31, 2023, with an option to renew for two (2) additional 36-month periods. Monthly base rent is USD $39,000 and is payable commencing June 1, 2018. In conjunction with the leases, the Company has paid a security deposit of $130,478 (USD $104,000) and advance rents of $146,788 (USD $117,000) covering the period from inception to May 31, 2018.