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Don't let the truth get in the way of the story. :p

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Warnie

17,243 Posts.

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16/03/17

11:58

Post #: 23394510
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Originally posted by 88M1nd ↑

Hey guys, not just appearing to downramp, was about to jump on board but genuine question as ActiveTrader and others raised above.. does this license cover only the production of low-THC hemp (which is still the cannabis plant) ? and they are saying they are '...now preparing an additional application for a medicinal cannabis cultivation license through the office of drug control (ODC)..." isn't that the one that other companies have already applied for and everyone is waiting on ?? And haven't they already been licensing individuals and perhaps other non ASX-listed private companies to cultivate low-THC hemp in recent times ? So effectively, none of the 'low-THC cannabis (hemp) could be used to supply the medical industry anyway, because it requires a separate license for which they are yet to apply ?

Still all good in my book, given that they are the only ASX listed company with exposure to the hemp food industry which I imagine will flourish alongside the medical cannabis industry, given the changing regulatory landscape and general sentiment. Just wondering if anyone can clarify on the above ??

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Don't let the truth get in the way of the story.

QBL Price at posting: 2.8¢ Sentiment: None Disclosure: Not Held
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