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Regarding the time line for releasing the rebuttal, I searched last night for any "official" statement or news report that gave exact dates and the closest I found was a BNN report stating "early next week" (meaning this week).
If anyone has the exact date info please repost and give the source. I'm thinking it's just more bashers putting out false information.
My partner theory.
With todays announcement of Altria's investment in CRON, it is not a loss for Aphria.
It is my theory that Aphria will organically develop its own line of CBD and THC infused beverages for the consumer market. The only thing that will be needed is an established distribution network. That is the only reason Aphria would need a partner initially.
I believe they will also develop or purchase key products on the medical side as well.
I base this theory on the information gathered while reading and watching countless interviews with Vic, "energy" and "recovery" drinks always seem to be mentioned.
I could expound further but I'm at work and on my phone. But that's it in a nutshell.
No fear at all loaded on the dip.
GLTA. Aphria long.
Found this on stockhouse.
Long read but very good:
Some of the things you guys might not be aware of from DD being done by redditors. And also to counter balance some of the blatant garbage posting to spread fear and despair...
In the QE "report" they claimed jamaica just had an empty building, and marigold didn't exist, and neither did any of the dispensaries. To highlight how distorted and BS their claims are and how they manipulate the readers here is a quick example.
They claimed that one of the dispensary sites didn't exist, they said it was "unit 51" which didn't exist, and posted this picture.
https://i1.wp.com/hindenburgresearch.com/wp-content/uploads/2018/12/16.2-min.png?resize=768%2C480&ssl=1
Someone from reddit went to the jamaica sub, and a redditor from jamaica went to that site. The dispensary is in unit 38a not unit 51, which is literally about 50 feet from the picture QE posted so it's impossible for them to not have walked around the building and seen it. Incredibly misleading and deceptive on their part.
Here is a photo taken of the marigold dispensary that "doesn't exist" https://imgur.com/a/2lyqDKn
As well as the inside of the sensi house seen here https://pikstagram.com/media/Bp4pvLogyKN
As for the abandoned building they found, they spun it as though it was the MAIN headquarters for marigold. Which it isn't. People in the Jamaica reddit said it is common for address changes to take a long time and for things to not get updated in that country as bureaucratic matters can take a VERY long time and government workers are very slow + unmotivated in these matters.
Also not sure if you guys have seen it, Andy posted videos of marigold's grow in jamaica
Marigold in Jamaica pic.twitter.com/UTwfSy6SbW
— Andy DeFrancesco (@DeFrancesco_A) December 4, 2018
I guess Hindenburg didn’t get pictures of the Jamaica grow pic.twitter.com/Z0Wjb5Czzw
— GoBlueCdn (@GoBlueCdn) December 4, 2018
Hey Cornell, as a fellow engineer I too know the risk/reward matrices. However in an emerging market as cannabis the reward far exceeds the risk. Been in the game since I first bought Chrysler at $1.30 ish in the early 80's, ( sold in the $30's)made it through the dot Com Era and took the same risk in Asian emerging markets in the 90's and early 00's. Not crying in my beer. This I will say if managed correctly the cannabis sector will make alot of people comfortable in time. Maybe not tomorrow, but in time you will be proud.
Hey Bus, impressive handle and professional photo. Think you're on the wrong team here though Prof......
I don't know why people panic sell or put a stop loss on a company in such an emerging market such as cannabis. Anyone who has done their DD knows that the article was BS.
I laughed and just bought more on the back of the weak and frail.
This is why aphria is being crushed. What a crock.
https://seekingalpha.com/article/4225817
Hope it's one of mine.
who could it be?
September 2018
Australian Securities Exchange Level 40, Central Park 152-158 St Georges Tce
Perth WA 6000
Via email: tradinghaltsperth@asx.com.au
Dear Sir/Madam
The Directors of MGC Pharmaceuticals Ltd (the “Company”) request that the Company’s securities be placed in a voluntary trading halt immediately in accordance with ASX Listing Rule 17.1, pending the release of an announcement by the Company regarding a material commercial transaction with a Canadian cannabis company.
The Company requests that the trading halt end on the earlier of the commencement of normal trading on Tuesday 25 September 2018, or when the announcement referred to above is released to the market.
The Company is not aware of any reason why the trading halt should not be granted, nor of any other information necessary to inform the market about the trading halt, and the Company confirms that the request for a trading halt is material.
Yours faithfully
Brett Mitchell Executive Chairman
Welcome aboard jmk2454. Great post.
Here is a news article I came across this morning.
https://finfeed.com/small-caps/biotech/mgc-pharma-smashes-major-milestones/
I would say yes.
Trading halted in Australia.
From the Australian exchange :
The Directors of MGC Pharmaceuticals Ltd (the “Company”) request that the Company’s securities be placed in a voluntary trading halt immediately in accordance with ASX Listing Rule 17.1, pending the release of an announcement by the Company regarding the Good Manufacturing Practice (GMP) certification approval process being sought by the Company to commence production at its European Medicinal Cannabis Laboratory and Extraction Facility of pharmaceutical grade medicinal cannabis products.
The Company requests that the trading halt end on the earlier of the commencement of normal trading on Friday 13 July 2018, or when the announcement referred to above is released to the market.
The Company is not aware of any reason why the trading halt should not be granted, nor of any other information necessary to inform the market about the trading halt, and the Company confirms that the request for a trading halt is material.
Canadian senate just pass bill C-45 to legalize recreational marijuana use. 56 to 30
Noticed this morning that MGC trades under the symbol H50 on the Berlin exchange. Wonder how long it's been traded there. Never found it previously when searching.
OK one last thing (yeah right) if you're looking for canopy growth on the OTC you won't find them. They up listed to the NYSE today with a new symbol.
Not to ramble on here, but a few years ago when I was researching US cannabis stocks I found that US companies were listening on the Canadian exchange and in turn they would get listed on the OTC to raise capital because of the volatility of the industry and political climate in the US toward cannabis. Sort of an "end around" to bypass the stricter and reluctant US exchanges. That led me to focus on the Canadian market and their more advanced state in medical cannabis research and product offerings and talk of national legalization for rec use.
I'll shut up now.
I only have cursory knowledge of the Canadian exchanges, more familiar with us exchanges and how "Market Makers" control the OTC. A broker or series of brokers aquire securities, usually penny stocks, than list them on one of the 3 OTC markets. (I don't know which market MGC is listed on, I know it isn't a pink sheet). I don't know if any Canadian exchanges have a true equivalent. I know that the CSE has an alliance with the OTC in issuing of IPO's in order to access the larger us capital market.
That's about all I know and don't really know the semantics of how exchanges interact.
I know Canopy Growth (Canadian)has a, I think 19% stake AUSCANN which is only on the AUS and OTC exchanges. I know of no other Australian companies I've researched being listed in Canada.
Maybe the OTC is a unique "exchange" and offers a one of a kind investing opportunity for US investors.
Sorry if I opened a can of worms here, just thought if there was or is a vehicle to get exposure in the booming Canadian market it would be a bonus.
Not sure how the Canadian exchanges work. Since the OTC is not a central exchange. The equivalent Canadian exchange may be the CSE. The TSXV and TSX may be
The equivalent to the NASDAQ and NYSE.
This is what I found about a person in Canada or any other non us resident who wants to trade securities on a us stock exchange:
“You can open a brokerage account with a US broker. You just need to complete the application and then also attach Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding, along with a copy of your passport.
The other option would be to open a Arbitrage account” in which the holder makes a usual practice of Buying and selling Securities in different markets to take advantage of differences in prices available in each market.
I believe to trade in Canada the easiest way would have MGC listed on one of their exchanges with their own ticker.
Thank you BE for the leg work you’ve done for us. I have a toss up question for the board. Does anyone have any knowledge or information if MGC has applied to or intends to apply to the TSX, TSXV, or CSE to get a footprint in Canada? Also, have they applied to the Frankfurt Exchange since a large footprint is being established in Europe. Any information or insight would be greatly appreciated.
Thank you BE for the leg work you’ve done for us. I have a toss up question for the board. Does anyone have any knowledge or information if MGC has applied to or intends to apply to the TSX, TSXV, or CSE to get a footprint in Canada? Also, have they applied to the Frankfurt Exchange since a large footprint is being established in Europe. Any information or insight would be greatly appreciated.
That was old news from September 2017 but not a bad to bring it back to the forefront.
From The Daily Marijuana Observer:
MGC Pharma is a cannabidiol, a.k.a. CBD focused medical marijuana research and development company. Having partnered with RMIT, a Melbourne-based research university, MGC plans to become a leader in treatment options for patients seeking anti-inflammatory, anti-pain, anti-anxiety, anti-psychotic, and/or anti-spasm effects without any psychoactive effects. With an existing 1,000 sq. meter greenhouse in the Czech Republic housing over 470 cannabis plants, as well as a fully licensed cultivation facility in Slovenia, MGC is already positioning itself to be a worldwide leader in the space. Having raised an additional $10 million AUD earlier this year, the company plans to fast-track its positioning in the Australian and E.U. cannabis markets.
It appears something is going on. Either a JV or CanEpil information would be huge. The Investor presentation was done very well. To be honest that document was the catalyst that drove me to increase our position.
If MGC could work a JV with a Canadian operation.......look out!
Looks like a lot of investors have increased their positions today, I (we) have as well.
GLTA!
So much potential in this company.
I just watched a VERY interesting documentary on Netflix titled:
A LIFE OF ITS OWN,- the truth about medical marijuana.
It’s focus is on Australia (for the use of) and Israel (the pioneering research).
I found it on Netflix and if you haven’t seen it, it’s worth a watch. It’s also available on YouTube.
It was aired in 2017
This is relevant to this board i believe in that the Documentary address epilepsy one of the major areas MGC is involved in.
Thanks for all the greetings. I’m no Yoda, but in the course of the last 35 years I’ve been involved in a few startups and nothing is easy, nothing. Patience is definitely a virtue. Overnight success in business is extremely rare when gauged in months. Overnight success to me is gauged in years. There will be bumps, roadblocks and detours, but with a good map and patience (or a GPS nowadays) you get around them.
With MGC I see long term possibilities. If you’re looking to double your money, good luck. But remember if hindsight was foresight we’d all be millionaires
Before I get the “look” from my wife as she reads the forums as well, I must come clean and state all our investment decisions are a joint effort.
I’m not a big poster but follow all my positions and after getting the heads up on this play from my brother-in-law and doing my DD I’m in in a big way.
Thanks to all the posters and good luck.
I have a large (and long) position in acb but not smelling the roses yet. The stock will stay flat until the regulatory commission rules on the complaints filed by both Aurora and Cannimed. Just sayin.