other material
confidence medium
sentiment positive
materiality 0.45
Rainmaker updates shareholders on first project order, Canada subsidiary sale, and preferred share funding
Rainmaker Worldwide Inc.
- First joint development project with Miranda: order from Turks and Caicos resort developer, downpayment received, delivery expected fall 2023.
- Sale of 60% of Rainmaker Canada subsidiary completed; no impact on public shareholders; subsidiary funded for Canada/Caribbean.
- Received investment in RAKR for 150,000 preferred shares; 850,000 preferred shares remain available for ongoing expenses.
- Company expects to emerge strong and drive long-term growth and shareholder value from these initiatives.