Based on this info just released First harvest should have been completed in June 2020 and products shipped July/August. Investors should get an update ???? few days left in August ??????????
canna will also have the first right of refusal of mgws products meaning if they don't want the products they won't buy them so that 10.5 million dollar contract means absolutely nothing . Just another trick to try and make this company look good . Smell Something fishy Good luck investors your going to need it.
The following tables set forth selected operational results for the three most recently completed fiscal years in accordance with IFRS:
has received a purchase order from a subsidiary of Canna Trading Company (“Canna”) for 5,000
lbs of La Crme flower and 5,000 lbs of biomass. The La Crme flowers and biomass are currently priced at $400/lb and $125/lb, respectively, totaling US$2,625,000. These prices are subject to change based on the market price for the product at the time of shipment. The Company expects to ship these products in July/August when the first harvest of La Crme is complete. In June 2020, following a site visit of the Company’s California Hemp Project, Canna upgraded the initial US$2.6 million purchase order, to a yearly sales agreement for its subsidiary to purchase, exclusively, all La Crme products produced from three (3) greenhouses totaling a minimum of 20,000 lbs of flower and 20,000 lbs of biomass per year. This sales agreement is currently valued at US$10.5M. Canna will also have 1st right of refusal on any quantity of flowers and/or biomass
produced by those 3 greenhouses that exceeds the 20,000 lb limit set forth in the agreement.