Ann: US$750,000 Convertible Note Facility Funding, page-5

A long time since the CR - 2018. It was a 4,000 sq metre facility - and paid for by a $5mil CR. Note that they also got a $5mil (3.1mil Euro) grant from the Maltese government. Pretty expensive shed.

Apparently, Malta has been experiencing severe inflation over the last 4 years and the 4,000 sq metre facility has shrunk to just 800 sq metres even though the the cost had blown out to $10mil.

MGC Pharma opens new production facility in Malta - Newsbook

In its 800 metres square facility, the Europe-based biopharma company will start producing up to 24,000 units of medicine per day—double the amount that was initially planned.


Below is the original announcement dates April 2018.

MGC Pharma raises $5m for Maltese marijuana facility (businessnews.com.au)