RE:June 30 MD&A posted on SEDAR 7Twiggy wrote: June 30 assets stand at $49,726,000, approximately $3.00 per share
As at June 30, 2021 and the date of this MD&A, the Company controls 70% of PSC’s flagship Delta Greenhouse Complex (the “Delta Facility”). The Company’s investment in the Delta Greenhouse is widely considered to be one of the most technically advanced and environmentally-friendly greenhouse operations in the World, which boasts industry leading cultivation infrastructure including: Fully integrated on-site natural gas-powered power plant; o Providing ample heat and electricity, while repurposing carbon dioxide emissions to benefit the plants. Proprietary energy efficient air exchange to maintain stable climate conditions; Advanced climate and humidity control management infrastructure; Ebb and flow watering systems to enhance complete irrigation recapture and water treatment; 1.5-milliongallon hot water storage tank configured to store energy produced during the day, for redistribution during non-peak hours, thereby increasing operational efficiencies and reducing associated energy costs; Multistage supplemental lighting augmented by natural sunlight to foster an optimized illumination equilibrium; and, Proprietary ERP system to allow for efficient resource management and cost tracking. On February 28, 2020. PSC entered into an agreement to acquire a portfolio of elite live-plant cannabis genetics (the “Live-Plant Genetics”) from an award-winning Canadian cannabis cultivator with extensive experience in genetic development and commercialization for at-scale cannabis production. The acquisition of Live-Plant Genetics will accelerate PSC’s go to market strategy and utilized along with the Company’s Standard
Cultivation License.
This is the first time they are admitting that they do NOT own the greenhouse. It is rented from the HG and always has been despite their attempts to impress that they owned it. Careful wording always regarding the greenhouse. What about the JV with the HG???