Just to be clear we all need to read the apex of the Announcement
THC Pharma’s management team shall have been augmented and/or replaced in whole or part (in Valens’ and/or the Management Advisory Committee’s discretion) by one or more suitable candidates reasonably approved by Valens; What reduncancy cost Except boys in Shorts ?
Where Valens commits capital towards the acquisition of new equipment that is installed at THC Pharma’s facility, Valens will retain title to and ownership of that funded equipment, and on termination of the agreement, THC Pharma will be offered the opportunity to either acquire that equipment from Valens at an agreed valuation or have Valens ‘make good’ any such installation such that THC Pharma’s facility is returned to the position it was in prior to that equipment being installed;
With all this TGA /GMP approvals and to say the least ODC what's there take is it clear the factory controlled by Valen .
EPN Price at posting:
5.4¢ Sentiment: Sell Disclosure: Held
(20min delay)