So we finally have a meeting on 16 Nov during which 10 x resolutions will be put forward. These resolutions should all pass with little or no change and set the company off on a positive and money making direction under the name of “MGC Pharmaceuticals Ltd”.
Some excerpts worth noting.............
"Simply put, MGC will grow a product, harvest it, dry out the plant, extract the resin through a standard Co2 separation process and then sell it to enterprise customers in bulk, individual consumers in delivery devices or other products, and use part of its supply with which to engage in further research and development for medical and therapeutic purposes.
MGC will be operating with minimised capital costs and operating expenses by establishing outdoor growing operations, which by direct comparison require significantly less capital and operating costs than indoor growing, climate controlled operations.
The CBD resin extracted at MGC’s Slovenian facilities will be sold as a wholesale product to cosmetic and therapeutic product manufacturers. The CBD resin will also be used to produce MGC’s own line of cosmetic products in Slovenia under its joint venture with Natura.
While other growers are dealing with the difficulties of manufacturing a labour intensive product, fighting legislation, and dealing with slow acceptance from financial markets, MGC is seeking to quietly establish itself by growing mass quantities of a more easily grown and harvested plant, with less contentious end users."
………………. I like it!
MXC Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
