OTCPK:CADMF - Post by User
Post by
dart321on Mar 03, 2019 9:14pm
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Post# 29436222
Company developement
Company developementWell it looks like it's time this company is going to move on facts not fiction. The first real quarter of sales in my opinion is the one we are in now. The one concern I have had up to this point was " where was the cash going to come from to expand as fast as they are saying and still have money for the purchase of enough trim to facilitate the rapid expansion of sales". Those questions have been answered with the cash they have, the 2.7 mil in additional money, a 10 mil cash facility at far better terms than the first 25 mil cash facility. Add to this the option money and warrant money of an additional 14 mil it gives them almost 50 mil to expand fast. Also with the first announcement of a major yearly contract with P Rico we see the sales for this quarter ( jan/mar ) have already exceeded last quarter ( oct/dec )with just P Rico sales alone. With the financials just released it's impossible to see which part of the company sales came from ( Desert Zen, Manufacturing facility, P Rico, Columbia, CBD company), I am sure they will be broken down in the next financial statement. I think now they have enough cash they will be able to make those commitments which allows them to sign larger contracts for which they need to buy large amounts of trim. In my opinion this company now has enough cash to move forward quickly. gain it's all about management execution of sales.