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Friday, September 30, 2016 7:59:29 AM
Whether you find this to be good news or bad news is Immaterial to me but my DD will never be sacrificed by information I know that can help.
MEDMAR LLC recently had a failed attempt to become one of the 15 licensed growers in MD. They could pull the strings necessary and only had political ties. Not good enough I'm afraid. Washington post carried the story below.
https://www.washingtonpost.com/graphics/local/md-marijuana/
I spoke to them recently and they are trying to reinvent themselves in the MJ space and since half of the owners are also the owners of OWCP- this lateral move makes sense. However - that's why the loan is non Interest, and not convertible to shares. Is it deceptive.. A little. Is it smart to raise stock price...yes. .01 pps for OB status is the goal here initially. They also are orchestrating their own deal here to sell their products in the states. Again- since 2 of the 4 owners are OWCP executives - that's also not necessarily something to be "braggadocious" about. If you get what I mean.
They still have 10-15k left on the note. We can chomp through that today. (Hence why I warned we will see wild swings that can lead to shaken Shares). So trade smart.
One last point to note - Medmar LLC has a few other affiliates that are doing okay. The MA entity and the Rockford entity namely. They are coming form the dispensary level approach - and it would make sense to try and get these creams channeled that way.
REMINDER - the deal cancelled on the marijuana pills They do not have that project going anymore. I don't want people to mislead si de the comaony has legit advances here. They just dropped that MJ product. They appear focused on the cream for psoriasis. IMHO
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