Have been researching this medicinal cannabis cultivation license with a friend over the week and am convinced this stock will multi-bag soon...

At first I thought the disappointing 'NO' vote to the cannabis decriminalisation referendum in NZ would be bad for JHL... I was so wrong. Medicinal cannabis is a thriving, growing, well supported industry already.

New Zealand's biggest medicinal cannabis crop taking shape

Maia Hart16:46, Dec 04 2020

Regular seed varieties had growing cycles of about 120 days, Macfarlane said.

“Those plants grow through the photo period. So as the daylight hours shorten, the plants register that they need to go into flower and mature before they run out of daylight hours do it."

“We’re also planting some auto-flowering varieties that instead of maturing through the photo period mature through a set number of about 90 days."

The commercial cultivation of cannabis for medical use was enabled under the Medical Cannabis Scheme, which came into effect on April 1 this year.

https://www.stuff.co.nz/business/123603361/countrys-biggest-medicinal-cannabis-crop-taking-shape

Medicinal Cannabis is already legal to cultivate and distribute/export/import in NZ and is entirely independent of the recent referendum in NZ.
Getting a license is as easy as filing out a form, having appropriate facilities and getting an inspection.

JHL have done 2/3 of these: filled out the form, applied and paid and have a facility ready to go. They did this last Q and according to the NZ gov, inspections should be booked 1 month beforehand... (its now been more than a month since last Q... news soon?!)




JHL is already close to cashflow positive, medicinal cannabis cultivation has a turnaround time of 3-4 months and generates profits relatively quickly ... revenues are already almost equivalent to the current market cap ,,>?!

"Non-plant touching cannabis businesses are usually cannabis-based and include services and technology for production and distribution.

On the other hand, the plant-touching cannabis business is the one that offers a quicker and less dependent path to success. Venturing into 'touching plant' may be the fastest way to make money and avoiding long-term debt.

Plant touching basically means cultivating and distributing cannabis.
The reason why this area holds the greatest profit-making potential is that the whole cannabis industry depends on cultivation and distribution.

Unlike non-plant touching cannabis business, the size, strength, and the profitability of the plant-touching business depends on the hard work of the entrepreneur and not on the sector growth.

While it was difficult to enter plant-touching cannabis business a couple of years before, things have drastically changed.

https://www.drugtimes.org/grow-medical-marijuana/how-to-start-a-profitable-cannabis-business.html

Now throw in the telehealth aspect and Australia announcing a commitment to improving and continuing to transform the digital medical industry .... JHL is in a very sweet spot (it is already severely undervalued based on its revenue at the moment alone...)