Reviewing the quarterly tonight and noticed that it states...

Reviewing the quarterly tonight and noticed that it states that:

"...the principals of MCCF have maintained a continuous dialogue with Health Canada and have advised that its licence review is progressing"

I might be reading a bit too much into this use of words however the use of the word "review" matches the final stage of the licence application process indicating that the application is complete and no further evidence is required, just awaiting final review and security clearance, a process that HC aims to try and complete within 30 business days.

With the funding agreement announcement RGI will be holding an EGM to vote on the issue of tranche two of the Convertible Notes which are due to be issued 7/10/2020.

Given that they need to give 28 days of notice of the meeting means they must issue the Notice of Meeting no later than 8/9/2020. I expect, for the purposes of drafting the Notice of Meeting that RGI would be expecting the CanniFarms licence to be granted within the next two weeks.

From the Health Canada website:

7.2.1 Application screening

• During screening, the application, attached documents and, if required, the submitted site evidence package are assessed for completeness, legibility and ability to be further assessed. For Processing, Cultivation, and Sale for Medical Purposes Licence applications there is a nonbinding 30 business day service standard for completion of screening of the application by Health Canada. Please note that application screening cannot take place until Health Canada receives the site evidence package (not applicable for sale for medical purposes without possession licences). The 30 day service standard will commence following payment of the applicable cost recovery fee for application screening and upon receipt of the complete application submission.

7.2.2 Review and security clearance

• Once an application has passed the screening stage, and security clearance applications are being processed, the application will undergo a detailed review of both documents submitted through the CTLS and, if required, visual evidence submitted as a part of the site evidence package to verify that the requirements are met. Health Canada will work with the RCMP on security clearance applications.