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TFS does not generate significantcash from sales of its sandalwood, which for the most part has yet to be harvested. Instead, TFS is reliant on raising capital to plant new vintages, operate its business, make payments on its ballooning debts and payoff earlier investors."
That is from the very start of the report, so the source of the quote might have it wrong depending on the precise context.
" TFS does not generate significantcash from sales of its...
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