XPhyto dealI like that PCLO cand finally get some deals signed, but I really don't like how they are done.
- First sales starting in 6 months or so
- No yearly minimum amount disclosed, in other words could be almost nothing in the first year (basically that is what they say by telling us the quantities will increase each year.
- 30,000kg 3-year contract seems attractive but XPhyto looks to be very close to bankruptcy. Only 700K$ in cash as of Sept 20, 2019, with consistent burn rate and about no sales. PLCO is almost giving the extract for free since they are lending them 500K$ they will use to pay their salaries and CBD purchases...
I mean what kind of deal is this? Last deal we saw with mix between business deal and lending was Creso... Didn't end too well.
I would like to see PCLO signing real deals with real companies with real money and with immediate deliveries...