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Thursday, December 13, 2012 11:45:40 AM
That company continues to mention the use to "PhytoSphere," one of it's subsidiaries. PhytoSphere is exclusively licensed to use COINs patented vertical farming technology to grow marijuana through Pharmasphere, which is a subsidiary of Terrasphere.
This other company is already using the technology to grow and harvest marijuana in other countries. My understanding is that their intention is to build factories in the U.S. the reason the company has yet to do so, is because of the current conflict with federal and states law.
I assume many people were disappointed because this did not skyrocket after the legalization in Washington and Colorado. Rome wasn't built in a day. For those who have been watching, the other company has released a great deal of news related to PhytoSphere. COIN, not so much. However, this is understandable considering the fact that COIN files with the SEC.
Why would anyone go on and on about marijuana and attract anymore attention than necessary? It is worth searching for the addresses of the subsidiaries of both companies. Note how both are in Mass, which also just legalized medicinal MJ in November.
Potential buyers are holding this down. The patents are solid. This is going higher. With regard to the .0014s question, I'd say there are a number of people who want to keep this up to avoid the r/s prior to rescheduling by the FED. The case is pending. See ASA v. DEA. There is a great deal of info out there about this case. Something will happen soon. Voters have clearly spoken in favor of legalization and certainly in favor of medicinal usage. Rescheduling is coming!
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