MYM Nutraceuticals Inc MYMMF

Future Expansion

[WeeblesWobble]

IMO, the next logical step for MYM would be to expand production facilities at Laval.  Currently sitting at 10,000 sq. ft.  Back in May 2018, under Phase 2 of Laval development there was planned expansion to 37,000 sq. ft.  Compare that to Highland Grow's facility of 6500 sq. ft.

The Q2 profit result should form the basis for funding future expansion.

As with any industry, product demand will drive (or not) future expansion.

[RockMaschine]

Both the statement and MDA make reference to entering the Yukon and Ontario market in Q3. Since we have had the territory release I expect ON news by the end of the quarter close this month, first week March at latest. Would look great on Q3 report. Current grow cycle is about 5 weeks. Demand is exceeding capacity so expansion will be needed. Hopefully any shares issued will be at a much higher

[Haiku123]

@RockMaschine thanks . How do you know that the demand is exceeding capacity? and when do you think they will reach full productin with laval? Every 5 weeks is pretty good even when  I was still hoping for every three weeks. Hopefully, they start a monthly report soon.

[RockMaschine]

There is a line in there which makes the point they had to buy in the open market, just inferring from there because Highland had this problem even under Biome management. Last time I spoke to them it was in excess of 500 kg a quarter before the prairie provinces were added. Coastal compounds that demand. Statement shows great margins and they are still selling in excess of $7 a gram. I really

[WeeblesWobble]

RockMaschine: Precisely what types of creative accounting are you referring to and what is the nature of the evidence you rely on to say this?

[RockMaschine]

Deferring interest on a loan balance to the CEO in warrants rather than cash which would have spilled down the lines and likely affected the reported EBITDA. No matter, once ON gets a jolt of that White Lighting and word spreads than you can all live out your jockey fantasies.

[WeeblesWobble]

Rockmaschine: Please don't take offence but this is what happens when non-accountants start talking about "creative accounting". Interest on debt is recorded on the accrual basis.  Deferring interest payment to the maturity date does not affect the accrual of interest expense, only the timing of actual payment of the interest.  The agreement to defer interest payments has

[RockMaschine]

Thanks for clarifying. I used the expression again at dinner this evening and was corrected that what I though was a fun euphamism should be used more carefully. This is type of discussion I've been sorely wanting about this company. It speaks to my point I've made about how Mr. Weiner, formerly of Biome, has a very vested interest in the success of this company and that its trajectory is