Hardly Breathing
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Hey Pboy, contrary to your opinion, you are wrong. I contacted the town and posted Forans remarks, used in the Parry interview and Foran stated his remarks still hold true today. You may take Bills word for it, I did not and the company has now applied for a zoning amendment. My contention being is don't say something has been approved when in fact it was not - if you are going to run the worlds biggest grow up you are going to require some approvals. I don't drink anyones Kool Aid. I attempted to reach out to Bill and he slammed the door in my face. I attempted to reach out to Bill and in return received a rude private message - a one way street. Now all the things I wanted to ask him are out in public, and have been borne out. He needs a zoning amendment and has asked for one. My message was correct, you just don't like the messenger. I have never said they would not receive approval, I said they will have to ask for it. And I was correct. Your problem is you cannot tell the difference between a press conference and a zoning requirement. Of course the mayor wants the company to be there, so do I. But you must get permission to be there.
And they key word in your oft posted link below is "may". That is not bashing, that is a fact. It may happen. It may not. You nor I nor Bill controls that. The process does. If you don't like that uncertainty, invest in Tweed.
My bet? Seriously, not being a wise ass here. They are sourcing out hops and hemp beer is becoming popular. I had a hemp ale in British Columbia last summer, it was fantastic. The Dutch and Germans know their pot and hops respectively, they could open a micro-brewery and produce ales and lagers. And you don't need a license from Health Canada for that. Hemp ales will be the next beer trend here, mark my words.
Bill did not go way beyond, Bill realised he had shot his mouth off too many times with American media and his words found their way back to Canada and he realises he is in a corner and needs to paint himself out of it. Bill should retire gracefully to the sidelines and hire a temporary public relations person in Canada to handle media inquiries rather than cultivating a cult of followers. Leaders lead but others write their speeches.
Bulwink, Johnny is right. Health Canada does not require proper zoning specifically, the term Health Canada uses is municipal approval, which could be agricultural allowing processing which is why FITX has applied for a zoning amendment, or industrial which allows activities deemed to be processing, manufacturing. Health Canada does not differentiate between zoning - they don't say for example your facility must be located in an Agricultural Zone, only that it has municipal approval to be there and operate from there. Federal law does not override municipal law at the municipal approvals level.
He did attempt to engage Bill on Facebook but instead of responding, Bill, as is his wont, chose to remove his questions and ban future postings. When I first received the information from Kirk Foran I attempted to share it with Bill for his comments and with a terse "there is no zoning issue" he removed the post, and prevented me from asking further questions. So Bill not tolerating any dissent, chose the low road. He is not a victim here, nor a target. He is the spokesperson for the company which means you get to answer the hard questions as well, not just put out what you think people want to hear. It is a long way from Vancouver to Lakeshore and sharehoders money is better spent elsewhere. Why fly him out? All of the building, the vault, the promises are just flags flapping in every direction until you finally see which way the wind is blowing. In this case it will be zoning amendment approval, HC licensing. Until then, they are just two pole barns and a fence until authorities say otherwise. Like it or not, that is the truth, the hard fact. You only have a real investment if approvals are given.
I will look into this later but the site of Lakeshore was turned down by another company who is growing in a different location because they felt it would be too difficult to get the zoning amendment approved, so they switched locations.
zupe, you have to go back and read the letter sent to the town. You are incorrect when you state that application is for the new building. The address for the new building is correct, but the address given, 135 North Near Road is the address of the new building purchased and announced by Bill. Nowhere in the letter does it mention R&D, or hemp...it is all about Medical Marihuana-that is all.
The federal address for CEN is 20 North Rear Road where building #1 is located, and that is where the packaging and processing, harvesting and drying is to take place. That is what the application for rezoning is for, 20 North Rear Road - to expand into Building #2 and any new buildings they decide to build on that parcel of land. 135 is the former horse surgery. To be clear in Bills own words about 135
We purchased the site with the intentions of operating a research and development facility with respect to strain genetics, new grow techniques and bio-medical research,” commented Bill Chaaban, President & CEO. “It has been our intention to not only grow and sell medical marijuana, but to be leaders in the forefront of medical marijuana research; In particular, to further identify treatment modalities for specific disease states based on strain selection. We intend to develop and own the intellectual property.”
Two different sites, two different uses. The letter to the town is confusing as it implies that growing and harvesting and packaging etc. will be done there when that clearly is not the case but at #20. The application to the town is for 20 North Rear road as that is the main facility to be used for growing, harvesting, packaging and selling. Go and read the letter to the town again.
It is now in the hands of the town, and Health Canada will only grant the final licensing once the zoning issues have been resolved with the town. Sorry, issues seems to be the wrong word. Once the zoning application goes through the process and the town approves the application for the requested zoning amendment, HC will then grant final approval. Zoning should not be confused with permits, permits not confused with licensing, and marijuana should not be confused with tomatoes. The license for sure will not be granted on Monday. If you don't get it tomorrow, Monday is out for sure. You can bank on that.
my broker comment was tongue in cheek. Sorry if I offended.
There is a sticky with my name on it here and that was what was used which is fine, it was on a public forum so it is fair use. Kirk Foran did say at the time the article was written by CP that he did in fact write that email (thank you because I was accused of making it up or changing it) and that nothing had changed.
The most recent announcement with the purchase of the horse vet facility - that is where the hemp is going and the R&D correct? Is that the address that was in the letter to the town because apart from the horse vet I have not seen any other pronouncements about a third or fourth land purchase in the immediate area.
Not my concern about that type of information. My interest was only at the town approvals level, not the rest - share structure, market manipulaiton, paid short articles and so on. Pure speculation on anyones part.
That is the procedure the town must follow. They answer to the OMB and must comply. The mayor himself has indicated a period longer than the mandated process which I think could be done more quickly but still not less than four months minimum. The OMB is the Ontario Municipal Board. Anyone who has attended the hearing where the vote is taken or submitted a brief can appeal and it the decision is not approved until that 20 day period is complete. Two levels of government operating here.
nor do I but sometimes expectations outpace reality.
He invted Chris Parry not me. Tell you what, when Chris is with Bill if he accepts the offer, we can have a discussion here at the same time. I have been called many things but Chris is not one of them. I hope this is not your idea of due diligence becxause if it is, you should hire an stock broker to do your investing for you.
but with only five employees which will be completely underwhelming. They need the zoning approval to be the company Bill has stated they will be. If the town is being accused of "how could they not know" then Bill could be accused of the same thing by saying"how could he not know to be the company he talks about is oging to require zoning approval to be the world's largest".
Nothing to do with lazy. That is the procedure for any and all applying for a zoning amendment and not a minor variation.
45-60 period for discussion, studies, etc. etc. 60 day is the longest it comes to a vote, 45 the shortest.
After there is a 20 day appeals period whereby anyone appealing the decision can go to the OMB and have there appeal heard.
Once that is done and the appeals period passes and the town is granting the approval, that is when utitlites need to be put into place and you have the provincial electrical utility stepping in and hooking up the power (after they determine if they can provide what is necessary and that is not a negative, just part of any process) so between a potentail 94 day period for town approval then you have the time to get utilities in and hooked up and the rest of the buildout completed. The infrastructure completion could be done while awaiting utility servicing so some time likely could be trimmed off that period. But at least you know it likely would not be longer than that.
Tell that to town officials. Until this week the company had not applied for any approvals for any such facility. There would have been a record of the vote and there is not. Unless you can show the link to the approval being given, it does not exist. As Kirk Foran told me the town has never received (prior to yesterday0 and application for any medical marijuana facility in Lakeshore. But that is all moot now and as I said, I hope it is approved. Let the process run its course.
None of that is of any ocncern to me, really. All I was emphasing was no approvals had been granted by the town and that matter is now moot. The company has submitted their application so that no longer is a point of ocntention. Let the process begin.
Please enlighten me on Bills offer. You obviously have an inside track with the man so please, enlighten me.
That is what should have happened in the first place rather than stating you have received approvals. Had that been done in the first place, there would be no zoning questions. At least investors can take comfort in the fact the company has applied so the clock starts ticking. That is the kind of news investors need to have and needed to have so al lthe conjecture can now go out the window and the process takes it due course. Of course you can debate the merits of it, but really, who cares. My point was they had not applied and I was correct as confirmed by the town. Now we know they have, what else is there to say except wait for the decision. Simple and what investors needed to hear.
As I said, I hope it is granted and everyone makes a million bucks. Just the facts mam.
and what offer would that be? I have been away all day and have not read anything except that link to the article from the female writer. Please enlighten me.
You really are in denial zupe. If you notice the address of the property submitted to council it talks about processing, harvesting, drying and so on but that is not the address where the vault is so a little bit of confusion.
Just so you know here is the time frame once the town submits an application for a zoing amendment.
Two weeks pu blic notice to those within 120 metres of the facility.
45-60 days for council to bring the zoning amendment to a vote.
20 day appeals period.
If it goes the full time you are looking at 94 days, if the shortest, 79 days.
Once approval is granted then it is going to take time to bring in utilities, hook them up, complete the necessary infrastructure build out. Just how quickly the town could bring in water, sewage, gas and electrical is unknown but for a town this size it will be an undertaking for them getting it done as they head into fall. It will get done if approved but time expectations might require some adjustment.
Here are some facts:
The company has been granted permits to build two buildings in Lakeshore, Ontario. Don't confuse granted permits with municipal approval. Two different things.
Despite assertions to the contrary, the company has not yet received approval from the town of Lakeshore. You may count press conference sentiment as approval, but leally, it means nothing. Remember, after Lakeshore votes, there is a twenty day appeals period in which the Ontario Municipal Board will have the final say. This also means if council votes it down, the company can appeal to the OMB so it goes both ways. (Please bear in mind that statement is not stating they will not be granted approvals, two different things)
Despite some opinion, confusing press conferences with procedure is an error. Zoning amendments are not based upon press conferences; press conferences are just that. Municipal approval is based on procedure. Do yourself a favor, do not confuse the two. One is sentiment, one is reality. If you want to post the link to that press conference, hey, it is a free country. You should also post the press conference for Bills cousins press conference as well when they were welcoming him to Lakeshore with open arms for his movie studio and solar energy project. It has about as much relevance as the press conference for CEN and carries as much weight.
The granting of a license from Health Canada is predicated upon municipal approval. Since the Mayor's office has indicated this could take some time, expectations regarding the granting of a license might cause some anxiety. Until and if the town signs off on this all you can do it wait.
Bill did state on almost every occasion they had received municiapl approval but unless you are in severe denial or you have a penchant for watching old press conferences and convincing yourself a vote had been taken before the conference, you are going to have to wait for the process to wind its way through the studies, the ability of the town to provide what is needed, and the council vote, and then the appeal.
Unless you discount every article and state all journalists have it wrong and Bill has it right, well, you are entitled to your delusion. Bill is still stating zoning is not an issue but what he really means is "we are quite confident that after the process for gaining approval for a zoning amendment runs its course we will be approved."
If you firmly believe Bill has it right and everyone has it wrong, do yourself a favour. Relax. As the price comes lower you are being provided with the ultimate opportunity to buy at levels many had said almost every Friday would not be available again come monday. Maybe you should all buy Jimmy Buffet shirts now I think of it and donate the proceeds and call them "Come Monday We Billieve".
I love reading the comments on Facebook about suing this person, suing that person and my favourite was Bills using of all caps on the word credible. The New York Post is credible. Green Sky TV is credible. Just as credible I guess as Stockhouse. Z06 threatening me in private messages. That mus tbe very strong Kool Aid. Oh, Z06, Kirk Foran confirmed what he told me back in early April still holds true today. Have your lawyer call me. LMFAO to quote you.
Quite a hornets nest here of opinion. No one knows what council will decide. I for one cannot see HC not granting - not sure what grounds they would have other than final approval being granted if and when the town grants the zoning amendment. That is the big IF (thanks for the idea of all caps Bill, I owe you one) so until that is decided, all any of you can do is wait it out. Who cares if you all become gazillionaires six months after you ordered your Porsche. Just meet the interest payments between now and then and you should all be okay.
My favourite Bill story is when he states when he was a young boy growing up he was going to prove everyone wrong and make something of himself. Well so far he has a tshirt in his honour. The rest, well you are all just going to have to wait to find out.
I doubt Health Canada has told you the license is a month away if that is what you are implying. Health Canada will not comment on anything related to an application. I did not send the question to Health Canada related to one application, I asked the Minister of Health if it was Health Canada policy to ask all/some/one applicant to hurry up and finish their facility. Since Bill made the statement that put it into the realm of public domain and is a fair question. He made public a request by a government body.
Whether they choose to comment or confirm is entirely up to them. To date they have not replied but when and if they do, I will post their response here. If this was a 'secret deal" it would have been better off remaining that way instead of being made public.
Ask Bill.
You are quite welcome. By posting the towns version, the new investor then can conduct due diligence based upon what Bill has said, and what the town has said, rather than just one of those views.
I don't have a view as to what is happening or will happen. All I did was post the facts as they were relayed to me by town officials, nothing more, nothing less. I hope they succeed but many here are uncomfortable with facts but such is life. Yes, it is their money not mine as I have none invested long or short. Some prefer to pass along their dislike privately but perhaps they no longer have the strength of their convictions publicly and do not want to risk perhaps ending up with egg on their face by vilifying me publicly for others to read, and rather would shoot the messenger than conduct due diligence on the message. The message is the town officials have, through a secondary source, confirmed what I posted many weeks ago. I have no interest in financials, share float, day to day shenanigans of market makers and so on. I have said and continue to say I hope they succeed. Has the share price fallen since my first post regarding the position of the town? Yes, and it climbed back up again, private messages indicated how wrong I was and as a short they were happy to see me burn (although I have no position) and if my posts were incorrect, no one has yet corrected me, except by saying someone says it is so, therefore it is.
I have also never once said the town would not grant a zoning amendment, simply stated the facts, they don't yet have approvals because they have yet to apply. Sorry if the truth gets in the way of fiction. I do apologize again. One can only say you're sorry for stating the truth so many times.
So there you have it. Most often those who are most vociferous are the ones who suspect or know the truth but need others to continue to buy into their own goals and force the price higher and damn the rest of them. They only have their own self-interest at heart while some genuinely believe in their investment. I have never said they are wrong for doing so, all I did was point out some discrepancies between what two different parties have said publicly. We are all entitled to our point of view.
I once thought of purchasing a new sports car, a Z06 but thought it presented too much of an negative impression even though I know some of my friends would be wearing bibsters and drooling with jealousy but such is the lot in life of some
I cannot be held to task for what I have said. You choose to believe what you wish, I do the same. Mine is based on fact, others, merely on an opinion without being substantiated. Your choice, not mine. I posted my facts way back in April, many chose to ignore my facts that were used in the article today. I would say that is not co-ordinated. The author used my facts (without consulting me but they are public comments like Bills but with a difference) well after I had posted them and they are a stick here. Go and look for yourself.
Have a good evening. Tomorrow is a new day.
Because I was doing research and well, just because I like to ensure that if information is going to be given to potentailly new investors, that information should be based on fact, not fiction so call me the other side of the story. Is it wrong to point out where your leader is incorrect? If you answer yes, then well, good luck to you. If you believe the truth as written instead of what it is and it moves against you, well, your problem then but someone else unknowingly should not have to inherit that problem if you knowingly accept it.
Well, I don't like drinking Kool-Aid. I have stated here many many times I hope this project is approved, that patients benefit and you all make money. Just don't misrepresent the facts is all. I found them out. And by the way, the letter to me from the town official was used in that article as it is a sticky here, and it confirms again I was not making anything up. I apologise if the truth got in the way of the shareprice, I really am, but that is not my concern, that is yours; so of course your reaction is perfectly understandable.
I did attempt to ask Bill these questions but he only responded with a very unkind and rude epithet. All I did was ask him why he was saying he received municipal approval when the town says otherwise. Should the truth be punishable?
So here is some easy DD to do. Go and read the sticky posted above the message board. After that ask why Bill incorrectly used the wrong address in his letter to the town? Then ask Bill if the site is being changed form #20 to the address in the letter to the town or if that is a typo? Lots of questions shareholders objectively should be asking Bill and the company because subjectively speaking, your money is on the line.
Exactly, and I have never made that assertion. All is said is despite saying to whomever would listen they had received all municipal approvals, they have yet to submit and application for such a facility. I hope they are approved, I hope they go into production, I hope you retire rich. But don't state something you know is not true. Transparency is always the higher road.
Bibster, was aeway all weekend, just back. Then your boss is a bit off the mark. None of the activities listed under that new address are part of the new land purchase activities Bill revealed (a month after the purchase already was posted here by the way) so either Bill is really bad at details (he gave the new address site for the activities at #20 or he is abandoning #20 for this new site where he is growing hemp and doing research.)
So what is it?
Is the vault at the address listed in the letter or have they switched activities for the new site. He tells shareholders the new side is R&D and hemp but tells the town it is for growing, harvesting, drying and packaging? I am confused. Is someone using their own stash?
Not sure but I would see a doctor as soon as possible. Perhaps your brain is being stretched.
I find it interesting Bill has not yet posted the letter dated April 24th on Facebook yet. Why? Would it show shareholders on Facebook that he was not being honest when he stated numerous times he had received municipal approval when he has recently only notified the town officially of company plans for the site?
He posts the purchase but not the letter to the town.
okay, be more specific. The letter from the town is posted a few posts back, it has his signature on it. What else?
Be specific.
Dastrader, not being argumentative here, just clarifing the process. Bill did apply on April 4th. Any applicant seeking a license to grow from Health Canada can request a ready to build letter which is meant to aid them in completing the application. Health Canada does not issue these letters, they must be requested by the applicant but it is not intended to be viewed as having been approved or will be approved. It is part of the process only. They were not given any "go ahead" as you put it. The company did not secure any building permits. Jim Shaaban requested a building permit for a pole barn and fence, total value $900K Canadian.
They then did the required improvements on buidling one in order ot apply for the initial inspection by Health Canada, Bill stated that was done. That part is accurate. The only part.
Again, those are the facts, not opinion and the facts as Bill stated in his letter to the town on April 24th. Bill now will have to publish a notice of intent to seek rezoning, that much we know he will have to do based upon the content of the letter to the town. So if you take April 24th as the first day of a public notice you are looking at a maxium of 94 days from April 24 to a minimum of 75 days from April 24 to get town approval. At that time if the zoning amendment is granted, they can begin refitting Building #2 with utitlities from the town, and all other required infrastructure on #1 and #2 as per MMPR requirements.
Aaraigathor, the town wanted the movie studio, and the hotel, and the solar energy. One of the dangers of assuming is you can be wrong, and you know that of course. The town did not grant the rezoning Bills cousin asked for but if you read the comments made by the town during that announcement they were pumped and convinced their policies was allowing the studio and solar energy and hotel to become a reality. They were behind the project but ultimately he could not get the rezoning through.
I would not read too much into what the town wants but rather what the re-zoning implications are for the long term land use plan for the town and the county. If the town approves this you still have the appeal to the OMB who can overrule the town council decision.
Whether it all occurs as planned or not I have no idea but the decisions rests with the Town (if they do not grant the rezoning this is over but it is going to take over 80 days from the time they publish their first notice. If that was April 24th, then 75-94 days from that point for final approval. They cannot do anything to building #2 in terms of utilities etc. until that time. The town might have concerns about the incinerator Bill was talking about (we are so secure we will even destroy our bad pot on site in our incinerator) because in the letter to the town he only used the term "waste disposal".
Still a lot to do yet. You are looking at September to get this project moving beyond what they can do in building 1.
Those are questions only Bill can answer. I have no idea how HC determines who gets inspected and when, what the backlog is and son on.
The ready to build letter is not part of the application process. It is requested by the company to aid them in completing their application. Health Canada only sends a ready to build letter if the company requests it. It aids in the application process but is not part of the application.
like what?
He sent in the application to HC on April 9th (says in the document sent to the town).
He stated he had received all municipal approvals when he has not. He stated he would be harvesting, not processing but uses the term process in the letter to the town. He has not received approval as the zoning still is an issue. Does the town know he is planning on building an incinerator? He claims they are. The towns concern came from them reading reports of an activity far larger than what they were told by the company in 2013, that is whey the town sent the letter, and why the mayor informed them they would have to seek a zoning amendment if they wish to expand beyond 6000sqft and five employees. Again, you are a long term investor, you should be checking the facts with the town to ensure all is as it was told you. You can receive the documents for $5.00 through the FOI, you only have to contact the town secretary to do that. Is $5.00 not worth it to you. I received the permits and when Bill said he had invested $12million (invested not "going to invest") the permits showed only $900K was spent on the pole barn and fence, that is building #2, not $12 million.
So sell 62.5 shares and get the document. A wise investment.
So a scan through indicates a few highlights
They formally notified the town of their intentions on April 24th.
April 9th they submitted their application to Health Canada
Use of the term processing, although Bill on Facebook it would be harvesting, like tomatoes
In an interview Bill stated they will have an on-site incincerator. In the notice to the town they only say on site waste disposal
In the notice to the town they did not state the amount they would be growing, but we all know they are headed to 1.3 million pounds. They used a vague term basically stating whatever we need to grow.
Did not expound as he did publicly about the size of the operation only they will be doing some growing, harvesting, trimming, drying, packaging, shipping, and receiving.
Go and look, it is there for you to see