The only value I got out of today's news release was that Supreme has reached out to external stakeholders to notify them of their go-forward plans (i.e. community members, fire chief). To me, that is a sign of a good corporate citizen and a professional company, not a fly by night operation. External consultation with the community is a critical component of moving projects requiring regulatory approval forward, yet it is often downplayed in the world of stock trading. It appears Stadnyk knows the game -British Columbia would be an 'expert' province in stakeholder consultation due to the number of First Nations communities there.
I'm not sure about the US, but in Canada, regulators like Health Canada and Environment Canada will ask proponents whether they have notified community members and/or neighbours of their project plans and mitigated potential concerns that may have come up (i.e. a neighbour to the project may be concerned about odours or traffic). The regulator will also ask for a consultation summary as part of the documentation process. This plays a vital part in whether the company will receive its regulatory approval (in this case, a license). Good to see Supreme is doing this.
