MMJ cash position:
Cash as at 31 December 2016: $3.2m
Cash received from recent two options conversion: $1.9m
Total cash $5.1m
Upcoming cash inflow $2m from Harvest One.
Total cash will be $7.1m, can last for approximately 12 months without any income.
Quarterly cash burn rate around $1.7m
Harvest One recently raised $25m cash, enough cash to expand for now, imo.
Volatile.......Exciting......Liquid......Yep....That's MM, page-586
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Mkt cap ! $8.833M | |||
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