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So now they re at the end of the line, Backiel said. Backiel said it s not impossible for Panda to get its money this year. However, it s highly, very unlikely, Backiel said. The bond approvals are granted on a lottery system, with housing applications taking priority over projects such as the hemp facility. Backiel said if Panda does not get approved by Aug. 15, the company could apply again in 2022. Panda received an incentive package from the city of Wichita Falls on the promise of creating jobs. Equipment said to be in the Delphi building was put up for collateral. In February, Panda asked for, and received, a change in the agreement to secure a $1-million, non-forgivable loan until it sold bonds on the $100 million-dollar deal it anticipated getting from the state. ....