"Binding" agreements with "minimum quantities" mean little to nothing to the MGC board and the parties they enter into agreements with, take a look back at the Mabsut Life agreement in 2017 for evidence of that, minimum quantities per quarter of raw CBD extract were written into that "binding" agreement and there were many quarters of missed payments and MGC never stated the reason for this. The initial agreement period has well past expiry now and I don't believe it was renewed nor was any formal announcement made to convey this to shareholders.
This was one of the main reasons I sold out of MGC last year. Majority of us "downrampers" were holders of MGC previously and once did believe in the company but subsequently sold out after realising they will never get anywhere with the current board at the helm. MGC has enough of a track record now that they can no longer be considered a startup with teething issues, the board are simply not acting in shareholder's interests.
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