Saw this on another board, makes sense "I think we need more money to finish out our production facility. That's why we were trying to secure an offtake agreement, not a supply agreement. "An offtake agreement is an agreement to buy or sell, in advance, some of a producer's goods that haven't yet been made, making it easier for producers to obtain financing....It is normally negotiated before the construction of a factory or facility to secure a market and revenue stream for its future output." 0 2 minutes ago
It's also possible they need to formalize an offtake agreement, and then they'll be able to obtain undilutive financing.
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