Despite what others are slamming Management on, SP3 Management have carried out their Due Diligence, let's say Diligently on proposed cannabis sector involvement.
Outlook
Other Business activities:
A number of larger customers are undertaking trials of thermal and regular cameras across a range of industries, which if successful, are anticipated to generate significant ongoing sales. Current legal requirements in Australia require medicinal cannabis to be grown under strict regulations. The Company’s further research indicates that, to meet these regulations, most cropping is conducted hydroponically in secure “large laboratory” conditions, which invariably have ready access to power and often have access to a cabled or wireless data connection – negating the need to deploy a Spectur solution. However, the medicinal cannabis industry in Australia is still in its infancy and the Company will continue to closely monitor this industry as it advances to capture any opportunities as they arise.
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- Ann: Quarterly Activities Report and Appendix 4C - December 2018
Ann: Quarterly Activities Report and Appendix 4C - December 2018, page-3
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