Ann: THC Global Quarterly Update & Appendix 4C, page-29

I reckon we are at the start line here though while others are still in the workshop. We are ready to drag off the others having spent the time to refine the outfit into a fine tuned machine.

I disagree with spinning off Crystal Mountain. This is easy money and we can duplicate the model into any country that legalises recreational use and allows hydro set ups - especially in the US states if we can and Europe is going to have some great possibilities going forward. NZ referendum in Sept - hydro set ups will be in demand over there IMO.

Lets build a conglomerate of the industry with many forks in the fire.

To me, something that can wait is Eden farms. There is mass over supply in the cultivation area of the Hemp and Medicinal Cannabis industry. It is way less risky to buy in medical grade and then refine it in our production facility to produce our products than to invest in the set up and then cultivate. Global demand is in massive oversupply. Look at CAN - i still think they are in huge trouble in making a profit ever given their spend. Growing in Australia may not ever be a hugely profitable option. There are other cultivators in Australia that have spent no where near as much as CAN and will provide product that is just as high a grade but will be able to do it cheaper IMO. Eden farms can come online later by using our profits to build on it. I dont think its needed until then. We have two smaller set ups already producing.

Another ace in the hand is MGC Pharma being able to produce our products to assist with supply and demand. If Canndeo orders take off - we can fill any orders and not need to have customers wait months while we produce. Revenue could increase very quickly if markets start to take on the company product.

Short term - IMO, watch the first off take announcement come with the positive stability testing announcement.