TSXV:RTI.H - Post by User
Comment by
lscfaon Jan 14, 2020 12:45pm
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Post# 30551464
RE:RE:Radient Technologies Enters Sale Leaseback Arrangement
RE:RE:Radient Technologies Enters Sale Leaseback Arrangement july 2018 prospectus says:
Addition of Cannabis Processing Capacity
The addition of cannabis processing capacity in Edmonton will involve the construction of an additional processing facility in Edmonton and the acquisition of related equipment, including: (i) microwave extraction systems; (ii) tankage; and (iii) related processing equipment. The Company expects the full cost of constructing the new facility and acquiring the related equipment will be in the range of $14,000,000 to $19,000,000.
lscfa wrote: Co. has spent over $20 million on I and II already so to sell all 3 for $20 million is at a loss!
JLUTZ1 wrote: Radient Technologies has entered into a binding letter of intent for a sale leaseback transaction involving all three of its Edmonton facilities. The binding LOI will see the property sold for $20 million in total.