Welcome CJ,
Someone else will be able to provide a fuller answer...But I'll throw in my .02...
Facility 2 (Greenhouse in Southern ON) has a pre-approved license and the company is saying they will perhaps be able to make the necessary security adjustments to fully qualify the facility by the next 90 days. If that all happens, then HC will do its final investigation of the facility and give them the OK.
As far as I am aware, the application for facility 1 is still in limbo, but the facility (in Okanagan) produced MMJ under the old MMAR system, and so I think they'll likely meet the requirements already -- but the facility might (IMO) be a bit small for Health Canada's approval (after seeing the types of larger companies they seem to have been accepting)... Supreme says they are looking at ways to expand facility 1 as well.
While they're also still considering acquisitions, their primary focus is to get this facility ready for production.
I'd say these prices are a fair entry point, and .08 is where I started buying (and I'm averaged up to ~10cents)....
Some might disagree with this, but I think it'll stay in a good buying range over the next little while...Until we hear news of facility 1's progress, or completion of facility 2. However there are PRs coming out, I'm sure, (re: Greenrush conference in TO coming up) which will spike up the price into the .1-.13 range... We've been seeing that happen lately with news, and then a fall back to the .08 range... So I'd snap 'em up now... I think we'll be holding between .07-.09 for a bit.
AI
