They generally mention Vitahemp rather than MCL when it is about hemp but because it’s a trading halt they could have mentioned MCL being the parent company of both Vitahemp and Vitacann
Amazon or another distributor would probably be even better announcement for this time of year, revenue be starting early Jan and accelerating March onwards.
Responding to the poster worried about if the announcement is just to pump the share price given its fallen a bit just recall what’s in the wings:
- Annoucements regarding distributors for Vitahemp products
- This painkiller world first in pill format which they could take to clinic trials in Australia next year (does this mean they are ahead of every other MM company on asx?) Market for painkillers in Australasia would be huge.
- There’s still a license pending for medical cannabis that gives Andrew K his last tranche of shares.
- This license will then lead to floating of MCL via IPO.
- Any other deals to supply their unique seed bank to other MM or hemp companies.
- Bauxite like the ugly stepsister here atm
Could sell first shipment or give an update on progress of extracting 50kt bulk samples to ship. Doesn’t seem like mining lease application is going to be done until April however.
QBL Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held