RE:RE:Building was bought for $1,922.00 2018 !!!! Nice profitThey bought the building in 2018 probably for their THC2GO store and when they found out they couldn't sell their own brand edibles there. The building became dormant with the exception of some office people. After they took a mortage on the building for about $ 900,000 later on .They sold the building April 12 2022. They made a profit of about $1.7 million. So the mortgage they took back then , balanced out the appreciation of this property before being sold. They do desperately need cash flow to expand their production. They probably get paid for their products 30 , 60, or even 90 days later from the government and private stores. If there was a big demand for their biscuits they would need cash flow before getting paid later. Expanding production cost money. There are still other provinces to fill orders sometime in the future some day as well. No sense leasing the building Lovingstocks. This woukdn't give them enough cash flow they need now to expand production.
optomist wrote: Looks like THC bought it, yours (and subsequent posts) make it sound like they sold the building?