Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Security will be the top priority at a new 340,000-square-foot medicinal marijuana facility in the works at the Bruce Energy Centre greenhouses.
John Fowler of Advanced Medical Marihuana Canada (AMMCAN) said the federally-regulated facility will feature razor wire and 24-hour surveillance as just the first stage of a multi-tiered system.
“In addition there will be many layers of internal security including physical deterrents, surveillance and intrusion detection,” said Fowler, answering questions via e-mail. “The end product will be a fully-secure production facility with many levels of protection and 24-hour on and off site monitoring.”
The facility will produce 150-lbs. of medical-grade marijuana daily once the four-phase operation is fully operational over the next three to five years.
One of the challenges they face is obtaining a source of steam as a major component in bringing the facility back online. Fowler said AMMCAN is looking at various options, from obtaining steam from Greenfield Commercial Alcohols a few hundred metres away, or possibly producing their own steam.
“We are also looking into the various energy options, including a proposed natural gas line,” he said. “Our goal is to bring the facility online with as little waste as possible and in a way that will provide the maximum environmental benefit.”
The company is also excited at the opportunity to partner with Commercial Alcohols to “utilize the waste carbon dioxide from the distilling process to apply to our production facility.”
The company is planning to hire upwards of 100 employees in the next five years and Fowler said they plan to offer living wages that are competitive for the region.
“As a company, we are committed to providing our employees with a livable wage and a job they can be proud of, for years to come,” he said. “Generally speaking, we will be slowing gearing up our staffing this fall, after we have obtained our final license from Health Canada and move into operations.”
The company will deal with production, processing, drying, curing and packaging of the marijuana, as well as delivery by courier to medical marijuana patients.
The company is currently developing phase one of four, with plans to be open and producing in the 340,000-square-foot facility by mid-to-late fall 2014. The greenhouses were once used to grow peppers and tomatoes under previous owners.
AMMCan is a wholly owned subsidiary of Supreme Pharmaceuticals Inc, a Canadian publicly traded company listed under symbol “SL” on the Canadian Securities Exchange.
Supreme is looking to obtain and develop multiple medical marihuana production facilities.
http://www.shorelinebeacon.com/2014/07/08/security-to-be-a-top-priority-at-kincardine-medical-marijuana-plant
Congrats, nice move.
Wow! Yeah, something wasn't adding up. Even now, it sure doesn't look like they got their money's worth, judging by the dollar volume the last 2 days. Almost like they just gave a boatload of shares away for free.
MM's VFIN and VNDM tearing BMGP a new one, glad I got out when I did.
BMGP - Sold my shares for 0.029 could not determine to source of these seemingly extra shares, took my profit looking for a better play.
Rather low, IMO. On days where I've seen high volume with little pps appreciation, on almost any stock, the numbers usually average between 35% - 60%. Only 25% seems awful low considering the size spike and subsequent walk down today.
Any luck with the TA yet?
2.7 million shares sold short on BMGP today
http://regsho.finra.org/FORFshvol20120315.txt
Usually when a 3rd party pays for promo, it's because they have bundles of shares to sell and wanna get the best possible pps for them. Why else would a 3rd party pay $300K?
says the promotion is 3rd party...
Maybe you should ask 'em why they hired 8 promoters?
Yea, I believe them, I think some other type of snake is in the woodpile.... if it isn't dilution it has to be shorting?
They don't need cash... they just sold an their interest in the other company for $2,000,000
Hmmm...not good. Today's volume barely paid for promos, which means BMGP needs to sell more shares just to make it all worth the while. Looks like it might be stuck in the mud for awhile.
Sheesh, and the CEO said he hasn't sold shares to the open market in 18 months?
Well, I've heard that story before. They NEVER sell on the market. They never mention that they sold to someone else who is now selling on the market. Not saying that's what happening.
Something sure does seem odd, and the only way to know it's not new shares is to ask for the o/s for the 1st of every month for atleast the last 6 months. Maybe every other month.
Someone in there, there's a snake in the woodpile. Alwasy is. Process of elimination is the only way to ferret it out.
Just talked to Paul at the company. He said they are not selling shares on to the market. They have not sold shares on to the market in 18 months and sure as hell would not be selling shares at 2 cents
Left a message with the ta
I'd be tempted to say it's dilution. Nothing else makes sense. If it's shorting, then it's because someone foresees dilution. Just a guess, of course.
Yup, looks like MMs took advantage of growing interest with a gap, run, and trap. Their way of recovering some of their short loses.
Obviously, there was money waiting in the wings to jump on it. MMs may have helped push it to open new shorts at a higher level. Volume is nice though. Just not good to see VFIN on ask.
What do you make of today's trading so far?
Damn! Looks good already!
Check out BMGP level 2, pre market.... STACKED at 0.027-0.028, going to run today. Premarket buys coming in. Shorts will cover.
Often, when new shares are being sold, they'll appear as Shorts on the RegSHO list, so it's hard to say unless you keep daily track with the TA.
They are the ones shorting IMO, it seemed like it yesterday.
I see VNDM top of Ask, but not on bid. Suggests to me they are either the Short, or the Seller of new shares. One or the other.
Suppose to be 2-3 good PR's in the next 2-3 weeks for BMGP.
Found the culprit! Now ya just gotta either wait until they cover, or significant volume forces 'em.
20120313|BMGP|415800|0|917025|O
20120312|BMGP|428000|0|666000|O
20120309|BMGP|115000|0|1470363|O
20120308|BMGP|328599|0|1753108|O
20120307|BMGP|252090|0|1426000|O
20120306|BMGP|286075|0|412775|O
20120305|BMGP|85000|0|112900|O
20120301|BMGP|78425|0|78925|O
Regarding the first chart, volume without pps appreciation suggests either dilution, a growing float, or one heckuva lotta people bailing at/near bottom.
The second chart paints a bit of a different picture though. Overall volumes have not increased, suggesting the o/s has not changed much. Quite possible that alot of the volume from the last 1-2 weeks was Short. If so, there could be some very interesting moves here. A 3M-5M day would certainly put the squeeze on.
Have you checked the RegSHO list to see what the short counts were for last week? I might venture to say they were probably unusually high.
The news was good but what shy'd me away was the chart. Looking at the volume and pps gain back in Dec. compared to the volume over the last 1-2 weeks, it appears there's been a Seller filling every order they can, lately.
Bought 100k of BMGP for 0.024-0.025
http://ih.advfn.com/p.php?pid=nmona&article=51597223&symbol=BMGP
Tad bit early but still nice bank. News was kinda thin, IMO. I'll be watching for a new position in about 2 weeks. Methinks there's a Seller and this news was to help 'em.
BTW, nice job on TEKI!
Sold 1.3 million MHYS for 0.0025-0.003
Sold 1million VPER 0.0023
Thank you sir. VPER is looking for a bottom, I believe the 200MA is it, lots of technicals are saying so. Looking for the next run which will send the 200MA in an upwards motion, which is always good to see. The buzz is starting to heat up for VPER.
Got a coupla pretty impressive buys there, Truthhub! Let's hope your VPER pick turns out to be as equally profitable, too.
GLTY
Sold 8.9 million HNSS for 0.0014 - 0.0018. May have sold early, but happy with my 150% gain.
Still touting HNSS. Own 8.9 million shares. Looking for PSAR break next week target 0.0016
Now own 7 million HNSS between 0.0005-0.0007, holding for news.
Sold 1,000,000 shares CSKH @ 0.0057-0.006
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |