Ann: CEO Roadshow Presentation, page-3

Further to my above post,

The update on June 24 mentioned "pursuing joint ventures with companies holding cultivation licenses "

They also mentioned this when I last spoke as I posted a while back. The idea was to have no or low capital outlay in these JVs.

Not sure how they'd do this, it could be a system where they discount the machine sales.

For example instead of selling a machine (fertigation, software etc) for 100% profit, only make say 30% with the remaining 70% going to equity.

Or it could be like Hansons (GFS) where they issued shares & performance shares in return for equity.

Or even foregoing some short term profit share in return for equity. Maybe swapping management/growing fees for equity. Of course it would probably be a combination of all 4 plus what I haven't thought of.

To me no or low capital outlay JVs are the way to go and offer good diversity.