The article states its gonna still cost 184mill, but.......,, is...

The article states its gonna still cost 184mill, but.......,, is it for now?? What you think theyre gonna spend the full CAPEX for a smaller staged facility?? Thats like saying a MINING company is gonna spend 1bill on an open and underground pit and only mine the open pit.

its NOT going to cost 184mil for now,, the article writer is possibly misleading ppl

CAPEX will be REDUCED for now as much as possible to cater for a 25,000 kg pa product with the possibility for extension of facilities/fittings/machnery/equipment etc for future expansion - its clearly not going to cost the FULL 184mill capex - that bill is slashed for now and the loan is slashed.

Cann has spent what so far - 50mill?? and have 20mill left = 70mill. The loan may only need to be a 1/3rd or so of the remianing 100mill needed. Lets say Half (to be conservative due to many strucutral /fittings/ equipment/ fit-outs and foundational requirements of the buulding that have to be FIXED in place. SO they need 50 odd mill for now from bank. Theyre slated to produce 25k - the revenues of which should be 70million per annum based on the lower end of the bell curve pricing - at the higher end of the curve is more like 100mill revenue for 25k p.a. its a High Margin business, so Operating Cash-flows from core Operations will be GREAT. Loan on 50mill is DEFINATELY payable based on Core Cash flow from Operations. With Revenues of 70mill p.a at high margin ,at stage 1 , the company is worth more than 100mill mkt cap...I would say if the it was a Low margin biz based on Quantity of Production , then itd be a Risk due to Loan. The Only risk is Demand risk. Debt payback risk is mitigated by high margins. Demand Risk has now been Mitigated and controlled by being Conservative and producing in Stages and adjusting accordingly.... its a BUY from here on in. Risks have been mitigated and controlled. Theres Demand for 25k of product dont worry. Loan of 40-50mill is a much better sceanario than loan of 100mill interest wise. INMO its a BUY ....