The more I DD the more I see some kind of merger between Alliance Growers, which trades thinly (rarely) on the CSE and WFS Pharmagreen. Again this is all IMO..
From the PR:
-Alliance Growers proposes to work with and investigate possible joint business interests and opportunities with Pharmagreen and Canna, including a potential full merger of Pharmagreen and Alliance Growers, subject to extensive due diligence and analysis.
-The initial step is a proposal to obtain an exclusive license from Pharmagreen for the marketing, distribution and sales of all present and future Tissue Culture plantlet products utilizing the proprietary “Chibafreen Invitro Plant Production System” for the jurisdiction of Canada, for a fee of CAD$400,000. Consistent quality for mass production for the agriculture and marijuana industry stems from disease-free, genetically identical, healthy starting plant material that can only be truly achieved through Chibafreen Invitro technology.
-Additionally both parties agree to possible further development of a “Full Spectrum DNA Botany Lab”, which would be the only such lab facility in Western Canada. A unique blend of clean room lab facilities including a botanical oils extraction lab would be built under the heading of “Botany Center”. Licensing opportunities for the “Botany Center” for the UK and European Union are subject to further negotiations and terms.
Interesting part of Alliance Growers:
Alliance holds a 50% interest in BC Maramed Production Ltd. (“BCMM”), which owns a leasehold interest and equipment for an 11,000 square foot production facility in Kelowna, British Columbia. BCMM has submitted an application to become a Licensed Producer of medical marijuana under Health Canada’s MMPR program. Upon receipt by BCMM of an approved MMPR Production License from Health Canada, a further 12.5% interest in BCMM will be transferred to Alliance Growers.
I think WFS Pharmagreen and Alliance Growers are going to merge a powerhouse in to BMXI. The Canadian Exchange isn't the place to be and looking at the Alliance Growers financials they are in no condition to buyout WFS Pharmagreen.
Put these 2 together on an American exchange and you have one hell of a company. Curious to see how this plays out.
