Heritage Cannabis Holdings Corp TRJTF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Pumpy...Can you please tell us where you see bullsh*t ?

[PumperStalker]

Ooops.. Y'all forgot another bigee.. The cost of building out this 100 acres

[url=https://www.stockwatch.com/News/Item.aspx?bid=Z-C:CANN-2564488&symbol=CANN®ion=C]https://www.stockwatch.com/News/Item.aspx?bid=Z-C:CANN-2564488&symbol=CANN®ion=C[/url]

That should add a  couple hundred million shares to the count. 

BobGreenfield wrote: Venman, I get your 200 million Heritage ........ I get your 133 million Cannacure ....... I get your 33 million Purefarma.

Now Diligentson does not want to factor in the dilution involved in executing on Cannacures option for the 3.4 million sq ft .......... you've also not considered that factor and of course it is not licensed for cannabis cultivation at present in any event.

So let's go to you other dilutive costs .......... the Cannacure LOI calls for $7.5 million as one of the terms. Now if you go back to the last video interview with Sharples .........he stated Cannacure had a phase 2 budget broken into two parts with the first part requiring about $5 million and he also stated Heritage needed a couple/few million for their own operations so you can see there is a disconnect between the LOI and what Sharples has been conveying in the media.

Cannacures Phase 2 build is not about extraction of oils .......... so already you can see the capital requirement on Heritages dream sheet is wildly different from your expectation.

And right about now Dilgentson will chime in with "Rome wasn't built in a day" to which my response would be "it would take a hellalot of equity dilution to build Rome today or in any number of days"

By the way, Purefarma needs funding as well.

VENMan wrote: Bobgreenfield, this is how I came up with my numbers:

So I used 200 Million current shares outstanding for CANN

For CannaCure I took 100 million shares plus 33 million unit’s conversion to shares and for Capex and Opex I used $7.5 million needed at 30 cents per share is 25 million shares assumed financing.

For Purefarma I used 33 million shares.

Add it all up and you get 391 million shares. Then I rounded up to 400 million shares.

Then you still have to find money for working capital and I assumed $100 million at $1 per share for an additional 100 million shares and got to 500 million shares but perhaps other sources of financing like a debenture could be used or perhaps a financing for only $50 million or less would work for fewer shares outstanding but taking 100 million shares which is a lot the share price could still be north of a buck. I would rather assume more shares than less shares outstanding. All IMO!    
  
Used following Sources from CANN News releases:

Under the terms of the agreement, shareholders of CannaCure will receive 100 million shares of Heritage with an additional 33 million units subject to an escrow release upon certain milestones in exchange for 100-per-cent ownership of CannaCure to Heritage. The transaction is scheduled to close on or before Sept. 28, 2018, and is subject to several conditions including the completion of due diligence, a definitive agreement, regulatory approval, as well as Heritage obtaining a minimum of $7.5-million for expansion purposes.

Under the terms of this arm's-length agreement, shareholders of Purefarma will receive 33,333,333 shares of Heritage at a cost base of 30 cents per share, resulting in the Purefarma shareholders owning 14 per cent of the issued and outstanding shares of Heritage. Additionally, they have a potential to earn 16 million shares subject to an earnout based upon certain gross margin milestones achieved on an annual basis over the next four years.