Canadian CANNAINVESTOR Magazine July / August 2018 | Page 87

CCIM: Investors know without cash you cannot scale your business model. How much cash do you have on your Balance Sheet?

GTEC: Right now we have about $8 million in cash which will allow us to execute on our phase 1 build-out plans.

CCIM: What does your capital structure currently look like today? Do you have any convertible or toxic debt?

GTEC: Our capital structure is primarily comprised of equity, we have 85.5 million shares issued and currently outstanding; however, we do have a relatively small amount of convertible debentures That can be converted to equity at $1.50 per share.

CCIM: How much additional capital do you need in the short-term? Long-term? Or will needed capital come from revenues generated from the business?

GTEC: We will require some incremental capital to bridge us to when we start generating significant revenues, which is expecting to take place in late 2018, when Alberta Craft Cannabis sells its initial crops. The exact amount of capital will depend on how we prioritize the various domestic and international opportunities available to us.

CCIM: Time for your elevator pitch. We can see GTEC has just over 71M net shares outstanding (85.5M diluted) and a market cap of approximately C$77M at this time which is excellent so for investors looking to invest... why invest in GTEC?

GTEC: In simple terms, we have excellent upside potential relative to the current valuation of the company. We are not aware of any other cannabis company that offers similar diversification and upside. Our fully integrated, craft cannabis focused strategy sets us apart from other industry competitors. Indeed, the large cap Canadian cannabis companies are trading at high multiples of their projected future EBITDA. Therefore, we believe the most compelling value amongst Canadian cannabis companies can be found in the highest quality small caps.

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