Somes quotes from Fowler on MidasLetterJohn Fowler: Definitely something that we’re looking at, so a big catalyst for us was completing our $100million financing with Bank of Montreal and GMP about a month and a half ago. That was the last condition we needed to pursue an uplist from the Venture Exchange to the TSX proper, as we were excited to get that underway....
John Fowler: And it’s up to five to one. So what we want now from our shareholders is the permission to pursue this and consider it moving forward, specifically to meet the listing requirements if we decide we want to take the company onto the Exchanges.
I understand a lot of the concern around perhaps some fears, how consolidation can be as negatively, but as one of the fastest-growing LPs, we’re number six in the country in revenue and growing quickly, and we’re well capitalized from our last financing.
So really, this is a position of strength to improve the liquidity company and build more value for shareholders over time.
John Fowler: Absolutely...So 7ACRES is operating over 100,000 square feet of licensed facility, and we’re producing about 12,000 to 13,000 kilograms per year at that run rate.
Well what’s exciting is, this is a project that we’re really close to the end on. We’re expecting completion of all of our flowering rooms by the end of the month; licensing, obviously, will take a little longer through the spring, but through the middle of the next year, we expected that full ramp of roughly 50000 kilos per year, which, when you look at the price points for achieving and the quality, I think makes that one of the most attractive businesses in the country.