RE:RE:RE:RE:Sedar update! Appreciate the comments and insights into the otherwise cryptic accounting.
I think Iscfa is pretty close to the mark. Note that 2/15 greenhouses were owned by Robert Allen. Youtube comments confirmed that he got a significant discount on the equipment do to his williness to advertise on the youtube channel. See ---> https://www.youtube.com/watch?v=sf3A0Ggu1dg&t=28s <---
As for the payments. Yes, I believe 2 installments of non-refundable deposits were paid prior to Sept 2020 at which point all 15 hemp growers went on a financing plan with undisclosed terms. The MD&A and Q3 2020 Corp. update confirm as much.
As you may know these were smaller greenhouses. Judging from what I can tell closer to 2,500-3,000 ft. See the quote below:
"This makes CO2 gassing uneconomical and impractical. They typically have 2,000 to 10,000 square foot grow areas that are ideal for our smaller VCO2 model to deliver aqueous CO2 to those plants. GROW’s recently announced fifteen VCO2 model installations at hemp greenhouses in Missouri are examples of these types of micro-grow facilities." (April 6, 2020)
Finally, a comment on pricing confusion. My take is this... the company is EARLY STAGE COMMERCIAL which means it has revenue trickling-in for a technology that hasn't existed before. The 15 greenhouses is strategic as is the undisclosed terms of the financing plans. Why? They don't want anyone pricing this thing just yet or at least not until they decide to do so. The company can and should try to protect pricing as negotiations are underway and will continue as such.
Looking forward to seeing if a few of the other contracts mentioned in the MD&A get signed.
GLTA