Indoor Harvest Corp (INQD)

[Jdanger 2]

APPLICATION NOT APPROVED

Reason the stock is tanking.
From the DPS Cup Website:
http://www.dps.texas.gov/RSD/CUP/index.htm

Score 1-100, top 3 were picked...

Cansortium Texas 93.62333
Compassionate Cultivation 92.49333
Surterra Texas 89.67667
Arete Holistics 88.83667
GB Sciences 85.91667
Col. Care Texas 85.605
VMG 83.52333
Mercury Copper Farms 80.71167
Lone Star Compassion Center 80.50333
Paradigm Pharm 80.055
Lionnac 79.86
GTGC 79.13833
GreenWell 78.88167
Big Star 78.22167
Texas Wellness 78.20833
Alamo CBD 76.96833
Texas Compassionate Care 75.7
CannOrganics 74.52
Auxilium Farms 74.23667
Medicus 72.41
J and L Plants 72.205
Texas Has Compassion 72.16333
Texas Compassionate Enterprise 71.98
Bayou City 70.27167
Aviva 67.31833
Craft Harvest 63.725
Sensi Enterprises 63.26667
Epilepsy CBD 61.34
Texas Re-Leaf 57.38833
RXTX 55.93667
Travis Pharmaceutical 53.37167
Navarro Growers 52.50833
Bocanna 51.98833
Blue Bonnet 51.46667
Bootlegger 50.29167
Dallas Progressive Health 50.025
Texas Cannabis 49.98667
PowerBerman 43.95667
SLAMMA Solutions 33.855
Cannliv 22.225
ESG Epsilon 20.92
Lime Star Leaf 16.225

The department has conditionally approved for licensure the top three scoring applicants. They are (1) Cansortium Texas; (2) Compassionate Cultivation; and (3) Surterra Texas. These applicants are now subject to onsite inspection requirements and shall submit payment in full of the license fee upon final departmental approval. The department has determined that the top three applicants provided sufficient information to indicate that should those three applicants receive a license as a dispensing organization, those applicants would ensure reasonable statewide access to and availability of low-THC cannabis for patients registered in the compassionate-use registry as required by the Texas Compassionate Use Act.

The department will now move forward with the onsite inspection of the facilities of the top three applicants to determine whether these three applicants will be issued dispensing organization licenses.

Should a conditionally approved applicant fail to complete the requirements for licensure, or decline to pursue the license, the next highest scoring qualified applicant will be conditionally approved and an onsite inspection conducted to determine if that applicant satisfies all requirements and provides the necessary statewide access to and availability of low-THC cannabis for patients registered in the compassionate-use registry. The department will continue to review the scored applicants accordingly.