Cash at the end of the quarter was $3m with Frozen Penguin paying the balance of $300k for their order after the end of the quarter and the company expecting cash flow from revenues of $300k to $500k this quarter? So they are thinking there is minimal chance for extra revenue this quarter.
Miracle Valley has commenced cultivation this quarter, so that would mean harvest of first crop should occur prior to the end of September 2019, I look forward to hearing how that harvest goes!
RGI is looking to exit it's equity position in Gibio to free up cash! Preferring instead to focus on joint ventures where cash is not tied up in equity purchases.
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