Bit of a where we are for u, and where we have been.
Try and remember they didn't have the licenses intact until late 2019 . and 2016 was when the doors opened for medical Cannabis opportunities for production in Australia ,(so it is all a new thing in Australia ) meanwhile they started doing sales in NZ , they only opened for the initial start of business in 2017, at that time they were more into the hydroponic side of the business rather than the MC side.
They only got their first research license for medical cannabis in JULY 2017, the next one for growing MC was end of 2017 .
At the end of 2017 they stated their objective was to expand the Canadian side of things and develop the MC market , (no timeline was given), they were still waiting for their manufacturing license.
April 2018 is when they acquired the south port facility.
In May 2018 Ken Chateris was appointed as CEO Approvals and licenses to grow organic MC was being sought at this time.
8th June 2018 Canada finally relaxed laws for recreational cannabis.
21 st December 2018 licenses finally came through for research in high strain CBD sativa.
March 2019 they acquired the Canadian cannabis production site .
April 2019 they began what i call serious negotiations with Asian biotech firm to help liaison with the Asian Govt regulations to make the transition easier.
May 2019 they finally got the export licence , they were still waiting for the manufacturing license for south-port.
29 th August 2019 Southport opened by the minister for health.
17th October 2019 S4 & S8 licenses for both Bundy and Southport
In November 11 2019 they received the license for southport that they needed to accept cannabis from any licensed and permitted cultivator.
Around that time tthey started to make predictions about sales in 2020 looking back through the ANNs i cannot see major sales predictions for 2017/2018
They have made sales in 2019 NZ etc..and as far as i am aware 2020 is the time that THC management is proclaiming potential partnerships/offtakes etc..
Due to licensing restrictions anyone bought in in 2017/2018 or 2019 and expecting a hyped up rocket to the moon is being unreasonable and not very smart.
Only in 2019 was major sales predictions made by management for 2020.
Read through the ANNs and find out that it has all been about the strict guidelines of our GOVt regarding licensing that has been the anchor round their neck ,not through the not wanting to do anything.
Been frustrating i expect for management Licenses are in place NOW and forward movement is happening and has been over the past years.
A bit more patience is needed, if people can't see the LT opportunity then perhaps this isn't for you, on saying that i expect this year income to be coming in that will do the SP a big favor.
GLTAH ..as usual DYOR..
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THC Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
(20min delay)