Not about the $50m cash, it's about SMRA/CFDA approval (passed technical review) and two signficiant sale agreements upong SMRA/CFDA approval.
And Organic powder dryer facility and organic infant formula development, goat infant formula...
Further to our announcement of 6 April 2018, WHA has passed technical evaluation for State Administration for Market Regulation (SAMR, formerly known as CFDA) accreditation for China. WHA is now waiting for formal approval and attainment of SAMR, on receipt of which revenue is projected to reach in excess of $140 million over a 42-month period in the China market
WHA Price at posting:
$1.53 Sentiment: Buy Disclosure: Held