Just to add some more information re those escrowed shares that were sold.
Good news is that it's all done - no more to be sold. Apparently 6m traded, so some off market.
Even better news is that they all went to good homes, funds and a family office who are looking to the long term.
Reading between the lines, it would seem these buyers drove the price down in anticipation of these shares held in light hands, being released from escrow, and ended up with a decent volume of shares at a very low price!
I also clarified a very valid concern @HairyRichard raised re the Gibio IP over enhancements made to the machines being available to Freshero. The Gibio announcement did say any enhancements to the machines would be Gibio's IP. Like many announcements, when the lawyers get hold of it, the meaning to everyday readers can become lost. What was explained to me was that any enhancements Gibio make, they own the IP, any enhancements made by RGI is their IP. Apparently all the enhancements made have been designed by RGI so no problem at all selling to Freshero.
As per the latest update, the Supra transfer is being held up by Health Canada. If you look at the 52 LD's only 4 so far have been transferred to Processing Licenses under the new Act (links below). HC are very short staffed, and are busy with the dispensaries. They are very aware there is a supply shortage of MJ in Canada. RGI are actively pursuing the transfer which is just a formality. It shouldn't affect the final outcome, as they are unable to transfer to the new premise & get Cultivation added until they have leased the new premise & have 1 or 2 rooms fitted out. This is yet to be done.
Oh and no plans at all for a capital raising. The AGM resolutions just give the ability for eg when they do the full build out of their cultivation facility without having to hold an EGM.
https://www.canada.ca/en/health-canada/services/list-licensed-dealers.html
https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/industry-licensees-applicants/licensed-cultivators-processors-sellers.html
