RE:RE:$ 100 Million I may not be the greatest with numbers.
Here are my thoughts.
They completed 350,000 square feet, even so they still are waiting to get a License.
There isn’t much left of the $ 40 Million, hopefully they used some of the money to start on the 2nd 1.45 Million stage.
It is obvious they need money to continue, $ 29 Million for now.
It doesn’t take a Professor to figure out how much money they will need to complete the second and 3rd stage.
It is for them to get their License and start generating some income.
If it wouldn’t be for the Houwelings being a partner in PSC I wouldn’t give them a chance of succeeding.
By the way, if the Company and some insiders stop selling millions of shares the stock would be trading in the 50 Cent range.
I know this sounds a little negative but there is still hope.
c14
As stated previously, Agraflora will be retrofitting their Delta greenhouse in three stages, aiming to make the facility fully operational by 2021. The first stage will include the completion of 350,000 square feet of growing space and 100,000 square feet of postproduction facilities and is scheduled to be completed in the second quarter of 2019. The second stage will include an additional 1.45 million square feet to be completed by the fourth quarter of 2019. Finally, another 400,000 square feet of space will be completed by the end of 2020.