Ann: Staged approach to Mildura facility and bank facility update, page-47

Hi Mooroolbark -

Lets look at cold light of day facts:

• Aurora have a take-off agreement with CAN
• CAN are hoping to use the revenue stream of this take-off agreement to securitise a bank loan to build a cultivation facility
• Aurora have terminated construction of their new facilities as they already have surplus cultivation
• Aurora has lots of surplus stock every quarter that they can not sell (They cultivate > 3x what they can sell currently)

• Bank's lend money when they are confident they will get repaid
• CAN are relying on Aurora to buy their cannabis so that CAN can pay bank interest
• Aurora have no need for more cannabis so will not buy it
• CAN can therefore no longer pay bank loan interest
• CAN can therefore no longer secure bank loan
• CAN can therefore no longer build the Mildura facility

As I said - the probability of the bank approving the loan is between zero and none.