HGV 0.00% 4.2¢ hygrovest limited

MMJ cash position: Cash as at 31 December 2016: $3.2m Cash...

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    MMJ cash position:

    Cash as at 31 December 2016: $3.2m
    Cash received from recent two options conversion: $1.9m
    Total cash $5.1m
    Upcoming cash inflow $2m from Harvest One.
    Total cash will be $7.1m, can last for approximately 12 months without any income.

    Quarterly cash burn rate around $1.7m

    Harvest One recently raised $25m cash, enough cash to expand for now, imo.
    Last edited by 8horse: 23/03/17
 
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