As far as I am aware only two licenses have been granted one to QBL and the other to Auscann AC8. If two of them have been granted the license already why is it taking so long. It can't be that hard. Have MCG actually got a supply that they can import anyway? They seem very experimental atm. Really just a little start up.
What would be more advantageous to MCG is getting a license to grow it in Australia and set up an extraction facility. A license, growing, extraction, and distribution is what will propel this company into the stratosphere. Hopefully there is enough nouse in its management to capitalize on this multi billion industry.
There appears to be all the skills and medical experience required sitting around the board room. If they cannot capitalize on that then god help us. All things being equal then no reason why MCG cannot be a billion dollar cap which would suggest somewhere around $1.00 per share is possible in the next few years.
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Price($) | Vol. | No. |
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