RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Derek on the outdoorThey're doing processing and packaging in phases. The first of which will be completed shortly (weeks) and are already licensed. Your dates are for the second phase.
Dtrader28 wrote: so absorbing more debt is a good thing??? They had to raise cash to keep the place going. They only had enough cash to last 6 months at the current cash burn rate. I honestly hope I am wrong because I've been holding this stock for a while now. You realize the pacakging equipment purchased in 2018 is still not operational, even though their press release states they have fully automated lines. The packaging line will not be up and ready until q2,q3 2020. The one thing I loved about the press relase boasting weedmd's automation but meanwhile in the video they are still packing by hand. Simple math will tell you weedmd, right now does not have the capacity to dry, trim and package this outdoor harvest. 50,000kg is a lot to process and pack. If you want the truth, don't rely on weedmd press relases or information from the executive team. This is a company that believes press relases are they way to raise stock prices. Well a little to late to the game for that. It worked for 2016-2018 but now companies are being judged on financials thanks to Canopy.
Keith is an Investment banker from Bay street, maybe hell find a buyer.