I like this stock and have just doubled down on my investment...

I like this stock and have just doubled down on my investment today on the basis of the below points:

Strong Projected Earnings:
"Peak Processing Solutions projected to achieve revenue of $25 million within 18 months of being
granted its Health Canada licence" (From Announcement)

Very strong balance sheet:
"Althea’s capital expenditure for the facility is now complete and the Company maintains a strong
balance sheet with approximately $15 million cash on hand and zero debt" (From Announcement)

The below was published on the 7th of April in Althea's ASX announcement:
"Health Canada’s non-binding service standard for processing this final
step of the license application under the Cannabis Act is set at 60 days."(From Announcement)

As it specifies above it is non-binding but based on the above statement from the announcement 60days from the 7th of April would be up on Saturday the 6th of June this would indicate that if they approve the processing plant within the 60 days then we will get an announcement in the next 6 business days from tomorrow.

Morning star has it's current fair value at $0.57.

I also like the indusrty in these COVID19 times the below article gives some insight from some top company CEO's in the industry.

https://www.forbes.com/sites/irisdorbian/2020/05/04/six-cannabis-leaders-discuss-how-coronavirus-is-impacting-the-industry/#631d59011872

Compared to BOD Consolidated ( a smaller cannabis stock) who had a Loss after income tax expense for the year 2019 of (7,623,571) and 2018 (3,672,105) sitting at just over a quarter of the size of Althea at 27 mil market cap, AGH look like they have a stronger market positioning and much stronger financials given they also have 15m cash on hand and $0debt! with a market cap of $89mil.

Good luck to all AGH holders!