Define "long way off"...?

The company has had every opportunity to advise shareholders that there has been a delay in their guidance, but have not done so. Our guidance indicates sales in 2H 2019 which means anytime now. To assume sales are a long way off is completely unguided and pure speculation.

There are plenty of reason why they could want the money, Baba has provided a few for you already. Here are a few more:

Maybe the company wants to invest money into R&D in Ottawa.

Maybe the company is looking at buying more equipment for their production facilities.

Maybe the company thinks demand for it's shares will be so high (when sales are announced) they want a greater float to absorb it.

All speculation, but no moreso than your "a long way off..."

IMHO