I am a bit surprised by how long the expansion into Canada is taking, especially now that they have the cash since Sept.
Would have thought they could work their capture program to get this moving before the snow hit, with leaves off.
Really means no sales for Canada until FY19/20.
Given no mention of Europe yet and all cashed up, that could be a while before anything happens there.
At this point, would have almost preferred they didn't raise the cash and not dilute holders given they were projecting cash flow breakeven.
I know the US strategy is to go harder and dominate, but just not sure they needed $70m now to do that.
