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Ann: First Cannabis Crop Harvested at Duncan Facility, page-303

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serge83

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10/04/17

21:32

Post #: 23985735
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Originally posted by PH6dot0Hydro ↑

Just posting this from the latest Toke Business newsletter. Proves my theory of big companies buying up smaller ones is correct.
The other interesting thing is we now know who one of the principal investors in Harvest one is...
Cronos Group? Hmmmm..

It is interesting to note Canadian Licensed Producers are buying “late-stage” Access to Cannabis for Medical Purposes Regulations (ACMPR) applicants. Canopy Growth (TSX: WEED) recently entered into an agreement to acquire rTrees Producers Limited described as a late-stage ACMPR applicant based in Yorkton, Saskatchewan. At the same time, Aurora Cannabis (TSXV: ACB) has completed the acquisition of Peloton Pharmaceuticals Inc. (“Peloton”), a Montreal-area late-stage ACMPR- applicant. We reported on this transaction earlier as Peloton was being bailed out of bankruptcy. We will also mention that although Namaste (OTCQB: NXTTF) is not a Licensed Producer, it is one of our favorite smaller cap companies in the marijuana industry. Namaste has entered into a non-binding letter of intent to acquire all of the issued and outstanding shares of Cannmart, also described as a late-stage applicant under ACMPR to become a “sales only” LP.

For those questioning the business outlook for Canadian LPs given the substantial increases planned in production, we can only say these buyers must see something the stock market is missing. It is something to ponder as we await our first look at the legalization legislation expected in the near future.

Cronos Group (TSXV: MJN) reports that United Greeneries Holdings has harvested its first crop at its facility in Duncan, British Columbia. The OG Kush strain yielded approximately 60 kilograms of dried cannabis buds. The product has passed internal quality control systems and will be ready for shipment in the near future. United reports it is moving to establish a first-mover advantage in the Canadian recreational marijuana market.

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That's really interesting mate. I've been looking this evening for any press releases by Cronos Group regarding UG or HO and can't find a thing. Certainly changes things as MMJ believed they were the only 10%+ holder, assuming Cronos could be as well.
My thoughts are that it tightens up the register even more, but at what point will HO become illiquid? Also can't help a niggling feeling it's a typo because I can't find anything on it but it would be unlikely. Really would like to see a HO top 20.

MMJ Price at posting: 68.5¢ Sentiment: Hold Disclosure: Not Held
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Ann: First Cannabis Crop Harvested at Duncan Facility, page-303

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