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MMJ & Creso. friend or foe?

  1. 2,198 Posts.
    Yesterdays Australian reported that 2 co founders of MMJ are listing their own company, Creso Pharma
    next month on the ASX to raise $5mln at 20 cents, ironically the same IPO of MMJ.

    Mr Boaz Watchel(CEO) said they would take a different approach to an over crowded sector.

    His "different" approach to MMJ is " Creso will merge pharmaceutical expertise with the medical cannabis industry FOR THE FIRST TIME" (Bold caption is my emphasis!). Implying MMJ and others lack "expertise"

    Interestingly, although these 2 ex MMJ co founders resigned they both still hold a significant number of shares in MMJ . I can only assume they will be off loading when Creso debuts .

    Could well be argued that an intense personal vendetta exists between these guys and MMJ but also it shows the definite
    enormous growth potential in a multi billion dollar industry.
 
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