Followers | 49 |
Posts | 4758 |
Boards Moderated | 0 |
Alias Born | 10/18/2010 |
Tuesday, July 07, 2015 8:37:05 AM
But FITX/CEN wont be part of it, because they will NEVER receive a license to produce medical cannabis in Canada and if by some miracle they did....
Who would buy it from them? They obviously know nothing about growing marijuana and even less about medical marijuana. They have an empty pole barn and a mountain of debt. They have a reputation and its not good. MMJ is a small community. Word travels fast. Bill helped them gain the publicity and the reputation.
But let's assume they get past judicial review. At a minimum, they would still have to get around local zoning issues. Those don't go away just because some judge tells HC to issue a license. So it might take them another 1-3 years to get a fully operational licensed and locally approved facility. The burn rate for "expenses" is $1 million a month. With no observable income that would add another $12-$36 million to the pile of debt and you would still be looking at an empty pole barn, a bad reputation, a mountain of debt, and a company that doesn't know much (if anything) about medical cannabis. And let's not forget BILLIONS of shares in the float.
In a time of universal deceit - telling the truth is a revolutionary act. - George Orwell
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM