Why wouldn't THC have announced this to the market? Having a distribution partner and/or pathway even if they are paying for the privilege you would think is good news for holders. Provides clarity. Why haven't management clarified the distribution pathway?
It seems that THC are taking a long time to get their act together and actually make their products. What on earth is the hold up? They announced months ago that they had the go ahead to supply 6000 patients. The processing plant should be 100% ready to pump as they have owned it for a sufficient period of time. As soon as the go ahead for patient numbers was realised, they should have had the order for product from Canada on the boat and on its way.
Time is money - and operating costs are eating their way into the little cash balance now, even with the expensive loan facility available. They even did a little capital raise to purchase needed packaging equipment - at $200,000, dilutive to holders as they have no cash. That's some shelving and packaging equipment
THC Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held
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