We all know cannabis could usher in a new wave of interest and M&A activity in the cannabis-related space if only laws and regulations would change (think about pharma companies, beverage companies, and consolidation within the industry). This is a new segment of the market, so first mover status (meaning a company that establishes significant sales first) could be a lucrative prize for any one of these companies.
While AGRiMED has always planned to grow and process locally and to comply with all local laws and regulations, their size and scope could change dramatically if certain regulations (i.e., the DEA Controlled Substances designation) change along the way. The UNVC cannabis patch jointly being developed in partnership with AGRiMED can and likely will be sold locally, but the size of their market could expand enormously if laws and regulations allowed them to sell nationally. Also, if the DEA granted additional licenses to American grower/processors, this too could dramatically increase the scope of operations (particularly if AGRiMED/SATIVEO received one or more of those licenses). Dr. Dalton recently confirmed their partnership, and suggested this could be bigger than he ever imagined. While we cannot know what that means without further elaboration, it certainly does sound promising.
So where does that leave us? UNVC/AGRiMED/SATIVEO have gone dark, and with the exception of an answering machine message indicating they were busy manufacturing (what we do not know) we have heard nothing. Even those who have had luck in the past contacting these companies are now hearing nothing.
Could the sudden lack of communication mean news is near? Why? Because we know they harvested their first crop in Pennsylvania, and we also know the 100,000 square foot grow/processing facility for HEMP in South Carolina is in operation and only suffered minor damage in the recent Hurricane. This means progress is being made. Why do they keep so quiet? Nobody knows. However, the suspense is killing me to find out because of what they may eventually disclose.
Dalton says we will see the financials, but this too is being withheld (or more accurately it likely just isn't being finished). So for those who cannot wait, you have two options. You can sell and look for another cannabis company, or you can wait to see what happens.
Personally, I like all the misdirection and childish complaints I see here, because that has allowed me to pick up additional shares at a really cheap price.
Have a great weekend all, a new week begins on Monday, and answers to some of these issues are likey just around the corner. IMO
Kgem
