EPN (ASX) If you know you know

Originally posted by Peanut0: ↑

https://www.malcolmrobertsqld.com.au/medical-cannabis-gets-the-green-light/?fbclid=IwAR0d4NiwzYccS41fG1YDabWvuRZnWTaQtPfzj-OV6YrhKER3apMoPfhoXOc

One Nation has worked with the Government to pass legislation through the Senate to remove a major stumbling block that will expand the medical cannabis and hemp markets.Senator Roberts said, “This is a game changer for the medical cannabis and hemp industries.”The Certification of Narcotic Exports bill replaces the ad hoc approvals for exports with a streamlined process giving certainty to medical cannabis and hemp growers and manufacturers.One Nation supports natural, whole plant medical cannabis via doctor’s prescription for a medical need, issued from a chemist and on the PBS, but does not support recreational use of cannabis.“It is a lifeline for thousands of people currently forced to use illegal medical cannabis at high prices, as affordable legal cannabis is hard to obtain,” added Senator Roberts.The bill will lead to a quick expansion of Australian production for export, which will bring about a greater range and lower prices for Australian patients.Senator Roberts stated, “Export volumes assist local companies to grow plants with a wider range of profiles, allowing a patient to receive cannabis developed for their specific medical condition.”“Australia has a unique competitive advantage with perfect climate, existing transport infrastructure and the international standard of Good Manufacturing Practice already in place.”“Queensland is at the forefront of this multi-billion dollar export industry with a manufacturing facility at Southport, and expected growth to $1 billion over next four years.”Hemp is known for its strength, durability and versatility, has wide application and its market growth looks promising. One Nation calls on the government to honour the intentions of this legislation and put in place export rules for cannabis that facilitate growers and manufacturers accessing export market.

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This jumped out at me..

"Queensland is at the forefront of this multi-billion dollar export industry with a manufacturing facility at Southport, and expected growth to $1 billion over next four years"

I have to say I was a little disappointed when they released the recent CR announcement and wasn't going to participate, however I think it could be a good strategy to average down a bit before the real revenue starts rolling in IMO. I participated in the last CR at 50c which in hindsight probably wasn't the best allocation of my capital at the time, but I have to remind myself why I originally invested in the company - helping people that need it and exponential growth potential.

It will be very interesting with so much revenue potential in the pipeline and being in the box seat within the industry to see what the SP will be in 3-6 months time. $1+ is my expectation..

GLTAH and lets see what tomorrows announcement(s) brings!