Canopy investor looking to AusCann, page-8

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PH6dot0Hydro

1,877 Posts.

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07/02/17

11:48

Post #: 22422851
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Originally posted by brentkosta ↑

Hi Serge. As far as i know the applicant needs a sample from 2 different crops. (Crops can be grown concurrently)

I've seen a sales come 3 months after and I've seen up to a year. It varies by what the LP wants to do.

The license to cultivate is the hard one. Note, that no LP has been rejected a sales license if they have received a cultivation. Its a formality. To my knowledge they have all been within the year.

I do know of some LP's who rush to get the sales, I know others who took their time because they are growing large crops and the sales license is a forgone conclusion. So they simply are more concerned with filling the vault. (Just to allow a steady stream of product for patients or whole sale clients.)

Also, getting genetics right is a big deal for some. So you could get a sales in a few months but the quality isnt all that good. Big LP's like Supreme Pharma (7 acres) is really keen on stocking their vault and picking and perfecting genetics/strains. You should see them get their sales in the coming weeks and they were licensed to cultivate in March 2016. I'd be surprised if they weren't licensed before March. But, as I said, stocking their vault is of the most importance as they are the only LP adopting a strictly wholesale business model. The CEO has said he wants customers to have a steady stream rather than waiting on product.

Hope this helps.

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Hi Brent, welcome to HC. There is a party over at MMJ, which you are invited to. Please don't bring any Labatt Blue
Mate quick question, I understand there are quite a few cannabuisnesses about to list on TSX. What are your thoughts on how Canadian investors will receive a licensed producer entering market as opposed to a licensed Seller (and producer). From what you are saying the current lack of Sell license part should not be too much of a hindrance in finding willing investors?

Last edited by PH6dot0Hydro: 07/02/17

AC8 Price at posting: 20.5¢ Sentiment: Hold Disclosure: Held
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