RE:RE:RE:RE:RE:RE:ok so here is a real question..... You are a gem SC, thanks for the info....this is a very doable and timed well raise, as a substantial increase of revenue has started and will only incease further in the weeks and months to follow. There was ~$56mil+ in the till ~$17.6mil in receivables/ inventory, etc, with ~$54.6mil in liabilities as of June 30/18.
The added dilusion will be minor as significant increase of sales/ revenues and low cost of operation will outpace the impact in the near term on increasing SP and healthy ROI, JMHO...Opt
solarcradle wrote: Hey maritime, great questions!
I sent IR two emails and on Sept 28th the speedy response I received back was... "No estimated total cost has been disclosed to date. For figures related to the construction of 7ACRES I'd have to refer you to page 11 and 12 of Supreme's latest financial statement." "The design and project plan for Lot 16 is still being finalized, so no square footage amounts have been announced, however the Company disclosed that they intend the facility to be large enough to produce approximately 10,000kg of ultra-premium cannabis per year." Another email I had received the same day, as I was asking about the 90m bought deal.... "The company has very much been putting the capital it has on hand to work, specifically as a part of the construction at 7ACRES (which has doubled in size over the recent months) but in other facets as well.
Regarding the money from this bought deal, in the press release it states that:
"The company intends to use the net proceeds from the Offering for capital expenditures for capacity expansion, working capital and general corporate requirements. In addition, the Company views the completion of the Offering as an important milestone in qualifying for the graduation to the Toronto Stock Exchange alongside other leading mature licensed producers in the Canadian cannabis industry."
The last part is something I would like to draw your attention to as a current shareholder. This bought deal will help satisfy requirements for the company to uplist to the TSX.
Unfortunately, that's all the information I have at this time. Further updates will be forthcoming."
IR responded fast and took the time to post pages 11 and 12 from the latest financial statements to my email. maritimedreamer wrote: ultra premium Jfog...... we already grow premium : P
But i think you are right..... funds must be for the ultra space.... i believe its going to be like 50-60k grow space? but 10,000kg per year.... as i believe with the really high end strains they take much longer to grow...... 2 cycles instead of three per year per-se....