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0.9¢ creso pharma limited

Ann: Creso completes DD of Mernova - On track for Completion, page-8

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crazydave1942

7,196 Posts.

609

03/10/17

12:44

Post #: 27620322
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Originally posted by hussman ↑

As per the announcement, "Completion of the new production facility is targeted to coincide closely with the July 2018 legalisation of recreational cannabis in Canada post granting of the appropriate licenses."

So looks like between now and July 2018, we are expected to receive our licence which is “valued at between C$50-C$250 million (A$50.4-A$252.2 million)”.

This will be the big catalyst for the a rise in SP. As these aren’t too easy to obtain apparently.

And come to July 2018, we will have our processing plant completed. And Canadian law will legalize marijuana by that time.

Not sure where to expect the valuation of our SP or market cap to be at by that time. Hopefully 25% higher from these levels.

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Are they still delivering the animal products soon?

CPH Price at posting: 53.0¢ Sentiment: Hold Disclosure: Held
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