RGT 3.33% 29.0¢ argent biopharma limited

MXC - Nice jump on open, page-47

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    No, there isnt. They only got cultivation licence for hemp production. Its manufacturing based and nothing to do with the MM industry

    Direct quote from the ANN: (emphasis added)

    "Last Friday 10th March 2017, approval was granted by NSW Department of Primary Industries (DPI), under the Industrial Hemp Act 2008, to allow the Company to grow indoors a selection of its plant varieties at a private location in NSW. This is in addition to a licence under section 5 of the Hemp lndustry Act 2008 to cultivate and supply low-THC Cannabis for commercial production and for manufacturing processing."

    ...

    "MCL is now preparing an additional application for a medicinal Cannabis cultivation licence through the Office of Drug Control (ODC) to obtain the right to lawfully cultivate cannabis for medicinal exploration."

    If anything, they are behind every MM company that has already applied for a MM cultivation licence.

    The ANN is actually quite misleading, Ill share another quote:

    "These licences will put MCL in the forefront of Australian Research and Development (R&D) as we identify cultivars of interest that will be investigated further under our proposed medical cultivation permit."

    They will in fact do no such things and theyve been a bit deceptive in tying a licence permitted by the department of primary industries for hemp production to medical cultivation research. They can infact do no such medical cultivation with this DPI licence.

    IMO.
 
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