Q
CannaInvestor Magazine: In 2021, you plan on being profitable. What is the reasoning behind that assumption?
A
JustMary: Yes, starting from 2021 we are profitable thanks to the optimization of marketing investment done in the previous years. It is a matter of return on advertising investment, this kind of business requires 2-3 years before you get your money.
Q
CannaInvestor Magazine: How does your Balance Sheet look? How much debt or lines of credit?
A
JustMary: Our funding is 100% equity based. So, we are in zero financial debt condition and also because in Italy the banks don’t fund the CDB industry for an old KYC / compliance matter.
Q
CannaInvestor Magazine: How much capital have you raised to date?
A
JustMary: Since 2018 we raised more than 1 million EUR.