GNCC Capital Inc (GNCP)

[tommyedwards]

FALSE: Biocann only operates in Columbia, FALSE: has no product for sale, and FALSE: they can not import into Canada since Canada does not allow imports.

As we stated previously and we now reiterate, that following our acquisition of Colombian based BioCann Pharm S.A.S., a distributor of pharmaceutical grade Cannabis CBD Oils in Latin America; we elected to fairly aggressively add to our interests in the Cannabis and related Sectors. This will include outright purchases of companies, acquisition of minority interests, Joint Ventures, Licensing Agreements and Service provision.

The two M & A Consultants retained to seek out suitable targets and to negotiate with the vendors of businesses currently being offered for sale and that meet our criteria, remain in ongoing negotiations and are conducting due diligence; with a fair number of parties based in both Canada and in the USA.

Due to the sensitivity of ongoing negotiations and with our having signed extensive Non-Disclosure Agreements on each transaction, we are not in a position to provide guidance as to the nature of these transactions.

Needless to say these Financial Reports still deal solely with Mining Exploration. Our Financial Reports going forward will be markedly different insofar as we have now transitioned from Mining Exploration to that of businesses in the Cannabis Sector. The Company’s Directors have reasonable expectations that a number of other transactions in the Cannabis / Hemp Sectors will be concluded. Going forward, we will cease to be an “Exploration Stage” Company as acquisitions and other transactions will provide Revenues and therefore require far more detailed explanations in the Notes to our Financial Statements.

Can CBD oil be imported into Canada?
We’ve been fielding a lot of questions lately about the eligibility of CBD oil for importation. Based on our research, it would appear that regardless of its THC content, CBD is not eligible for importation unless the importer is a licensed grower and eligible for an import license from Health Canada

But what if the CBD oil contains 0% THC?

This does not appear to make a difference since Health Canada and the CBSA consider CBD (cannabidiol) to be a controlled substance notwithstanding its THC content.

What hemp products can be imported?

Other derivatives of hemp are eligible for importation without a permit, although they must be processed from specific elements of the plant, contain proper labelling and be shipped with a certificate of analysis indicating the products THC content. Please ensure you’ve verified with Health Canada that your specific product is cleared for import/export without a license before shipping and seizures and fines can occur if the CBSA’s rules are not followed.

I am a licensed grower. How can I get my hands on a CBD sample?

The process is similar to importing other cannabis products: contact Health Canada to obtain an import permit, then hire a customs broker to clear the shipment for you.

https://borderbee.com/2019/05/21/cbd-oil/


FALSE: Biocann is probably dead and probably wasn't even alive. FALSE: Instadose is irrelevant since they do operate with Biocann. FALSE: Instadose is not in any product selling state. FALSE: Their African operation is a no go.

Due to the sensitivity of ongoing negotiations and with our having signed extensive Non-Disclosure Agreements on each transaction, we are not in a position to provide guidance as to the nature of these transactions.

Instadose Pharma: "Becoming the WORLD"S LARGEST Cannabis Oil Producer"
http://online.fliphtml5.com/bhdnm/zihj/