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Elixxer Ltd. V.QBA


Primary Symbol: V.ELXR

Elixxer Ltd is a Canada based company engaged in growing and producing medical-grade cannabis. It focuses on making investments in Nutraceuticals, Cosmetics, Pharma, and Cultivation and Extraction sectors.


TSXV:ELXR - Post by User

Comment by BoardAddicton Apr 08, 2019 4:39am
101 Views
Post# 29595139

RE:RE:RE:must be sitting on a mound of inventory.

RE:RE:RE:must be sitting on a mound of inventory.@DecoyDuck

Are you high?  Clearly, you are the one deluded if you believe LGC lent out $2,500,000 free of charge “Only if and when GCL ever made a profit would LGC get any income.” - DecoyDuck

Thanks for the obviously take on minority shareholders, fantastic waste of time.

I’ll briefly clarify:

- Secured debt debenture $2,500,000 @7% for 4years = guranteed annual income.

- We don’t own 30% of GCL, yet, but the chance of this happening looks great.  I say this because GCL’s licence has an unlimited expansion limit.  So if GCL came across $2,500,000 why would they pay off their loan when they could leverage that money to expande further?  30% of the business may sound like a fair amount to give up, but GCL has to consider what is included in that 30% stake which includes LGC management team, employees, marketing, option to cross pollinate products with other LGC Investees and everything else that goes with having LGC as a partner.  It’s safe to say LGC will help grow GCL sales more than 30%.

     - Further more; the 5% royalty to LGC was exchanged with 15,854,141 LGC shares in lue of $2,000,000.  This gives more incentive for GCL to want to remain in business with LGC and help the share price grow

- Once we own 30% of GCL, our 30% will not come of sales directly; however, as GCL pays off debt and grows it’s assets LGC’s  30% portion of GCL will grow in value also.

*Full credit to the LGC team for their creative negotiating tactics.*
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