The ANN dated 29/9/16 said:
"Australian Medical Cannabis licence MGC Pharmaceuticals is applying for a medical cannabis growing licence during Q4 2016. Following recent changes to the Federal Narcotics Drugs Act, which regulated cannabis, the Australian Federal Government can now issue licenses to growers and regulate local crops of medicinal marijuana."
I agree that it sounds more conclusive there, but is really just semantics at this stage. It would be corporate suicide for this company not to apply for an Australian licence.
Ann: September Quarter Activity and Cashflow Report-MXC.AX, page-8
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