You'd think with the addiction problem on the reserves...a mine would be more welcome as a place to work then to beĀ employed ..around Cannabis..
What I find interesting in this Westleaf example is the fact that we see see a strategic partnership where Thunderchild FN....paid..."YES PAID" 8 million dollars to BUY IN to this partnership.
and according to the link below, I read:
Westleaf CEO and co-founder Scott Hurd said he expects the Thunderchild production facility to be up and running by about July or August next year.
Hurd clarified the land, though owned by Thunderchild, sits within the municipality of Battleford, a town about 100 kilometres southeast of the First Nation
http://dailyhive.com/grow/thunderchild-first-nations-westleaf-cannabis-strategic-partnership
https://www.thestar.com/news/cannabis/2018/07/25/saskatchewan-first-nation-backs-calgarys-westleaf-cananbis-with-8m.html
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perhaps, RCF when converting the bridge loan into 34 cent shares can sell these 34 cent shares.. to the FN's involved in the framework agreement.
If thunderbird could come up with 8 million , I'm sure matawa could come up with 15 million
They already have loans with RBC and TD....and a 1 million dollar line of credit (all drawn from TD).
(Page 11 in link below)
http://www.matawa.on.ca/wp-content/uploads/2013/11/MFNM-Audited-Consolidated-FS-for-F2017-on-07-25-2017-004.pdf
maybe RBC and TD can loan them more?
I noticed that RBC and TD are members of Principles of Responsible Investing...
Remember the post I did where Noront was the ONLY mining company at the PRI event a while back??
https://agoracom.com/ir/Noront/forums/discussion/topics/708768-principles-of-responsible-investment/messages/2195274
https://www.td.com/document/PDF/corporateresponsibility/2017-Final-CRR_EN.pdf
Nice to Know TD and RBC are signatories to the UN PRI...
TD Asset Management is a signatory to the UN Principles for Responsible Investment (UNPRI)
https://www.rbcwealthmanagement.com/ca/en/research-insights/a-holistic-approach-to-responsible-investment/detail/
RBC GAM formalized its commitment to responsible investment in 2015 by becoming a signatory to the United Nations Principles for Responsible Investment (PRI), which is an international framework for ESG integration. PRI signatories commit to implementing the six Principles of Responsible Investment and reporting on their activities and progress in implementing them.