Post by
mungerman on Mar 16, 2018 9:17pm
Phase 2?
anyone have any info on whats going on or the timeline for Phase 2?
Comment by
Bluechip2 on Mar 17, 2018 10:53am
phase 2 is going to be funded with revenue from phase 1, speculative sometime in 2020 to begin construction. Phase 1 (7) licensees have been pre-selected, I believe, but not announced.
Comment by
mungerman on Mar 18, 2018 4:21pm
thx for the info. but what did you mean when you said. "Phase 1 (7) licensees have been pre-selected, I believe, but not announced." i thought phase 1 is done end of 2018
Comment by
Bluechip2 on Mar 18, 2018 6:28pm
they have 8 x 22,000 sq. Foot cultivation licenses for the 325,000 sq.foot phase 1. I think they get around 20 percent of sales from each grower plus lease payments. One of the licenses is their own. The reason for.this has to do with state regulations limiting the size of grow operations for an individual business. Check out their investor presentation on the website for more info.
Comment by
Sunniva4Life on Mar 18, 2018 11:00pm
Tenants cover all of the costs of operation (carried out by Sunniva) and then Sunniva gets 20% of the profits on top of that.