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04:19
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Originally posted by maxwelljm
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Again, you're missing the point. First, look at the date of that MMJ Phytotech Annual Report; that was before the spin out of the operating assets was contemplated. Sure, the original intention was clearly to build the a collection of complementary international cannabis related assets, but as soon as it made more sense to list on the TSX, those exact intentions were ported with the management team into the operating entity that is HVST. It's quite clear when you realize the fact that the entire management team has moved over to the HVST entity and all the new hire's (COO and CTO today, with more to come) are also all at the HVST entity; there is no one left at MMJ but the board to be custodian to the tracking stock. Finally, regarding the "sub license" agreement if you read the paragraph I pasted from the HVST Offering Document carefully it clearly says that Phytotech Therapeutics is just "Satipharm's Medical Testing" entity, and that it exists to be "responsible for Satipharm's clinical development activities". It notes Satipharm's place as the license holder again in this sentence "...provide key data towards the commercial development of Satipharm's Gelpell ® Microgel CBD capsules...".is the delivery technology . And that delivery technology is being sub-licensed by another entity, and that entity is Satipharm. does not use the GelPell technology , but they haven't stated any intention of doing that yet so I wouldn't bank on it.Phytote
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Phytotech is a research facility. Do you honestly think the scientists in said facility are sitting around on Facebook all day? Why do you assume that trialing these drugs are the only things they are working on?
(20min delay)