RE:RE:Focus on the Future by Reviewing what has been accomplishedEncourage you to read the Financials:
How much cash do they have? Pg 6 - Financial Report End of Period (Dec 31, 2019) $16,574,203 (this doesn't include inventory - about $40 million at end of Dec 2019)
What's going on with the tilray deal? My read is this replied on:
Page 33 - Product for Debt Repayment Started 2019
From the Financials:
During the year ended December 31, 2019, the Company entered into two agreements to supply dried cannabis products to customers. Pursuant to the agreements, the customers advanced a total of $40,000,000 to be applied against future purchase orders. In order to secure its delivery obligations, the Company has provided one customer with security over certain of its assets. Revenue on these agreements are recognized as the cannabis products are delivered which commenced in the final quarter of 2019. The Company expects to deliver cannabis products equivalent to the advanced amount within 12 to 24 months of the commencement of the agreements. For the year ended December 31, 2019, the total amount of revenue recognized from these prepaid supply agreements was $2,343,915.