Bulls v Bears, page-51

Budgeted expenses yes, not actual, and the rest of page 13 states "The Resulting Issuer may also require additional funds in order to fulfill all of its expenditure requirements and to meet its objectives, in which case the Resulting Issuer expects to either issue additional shares or incur debt".

Have a look at the expansionary process again too, it's broken down into phase 1(a) and 1(b). Four hundred thousand is chicken feed for a rapidly evolving company.....that could be eaten by any number of contingencies. Please have a look at MMJ's historical cash burns, the money isn't going to last long.