GREY:DLTNF - Post by User
Comment by
Jordan1203on May 18, 2021 9:57am
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Post# 33221291
RE:RE:RE:RE:GNOTE1
RE:RE:RE:RE:GNOTE1gnote1 wrote: My thoughts. They prove to financiers that they are at capacity in cultivation but they have contracts for more cultivation and increase in retail sales. They will be proceed with financing and or loans. Borrow the money for expansion or PP.
We anticipate that once we have been able to maximize the efficiency of these assets, our production capacity may exceed the design capacity of approximately 8,300 kilos of dried cannabis per year. The company's purpose-built processing sensor, which was licensed in April 2020 and allows for fully automated bottling, packaging, capping and labeling functions for its consumer package, dry cannabis products, is now fully operational.
We anticipate that once the processing center is operating at capacity, it will allow for processing of up to 25,000 kilos a year of dried cannabis flower material.
The company is in the process of expanding its Health Canada license perimeter from its current 80,000 square feet to approximately 135,000 square feet to allow for future expansion of our cannabis-related operations on site. We will continue to update the market on expansion progress as the company further develops its forward-looking expansion plans through 2021 and as licensing approvals are received from Health Canada.
Not really sure that's a great idea to continue doing raises at this share price lol.. they build a great company but have shown poor judgment on the market side of things IMO e.g. selling decibel at exact 52 week lows. At this point they need some sort of partnership/modest injection of cash so they can wait for supply levels to fall and prices to rebound, as well as get their SP up.. avg selling price in retail has been cut in half in only a few quarters.. this could go on for another year perhaps? Anyhoo.. would be nice to see more transparency as it's been lacking lately. JMHO.