Replies to post #11378 on Abattis Bioceuticals Corp. (ATTBF)

[spiderman55]

yes, great news. it was wrong for the DEA to target medical marijuana dispensaries, they are giving medicine to people who need it. the U.S has finally begun to turn things around.

WHY WOULD THE DEA DO THIS TO BEGIN WITH? WHY BOTHER GIVING OUT MEDICAL MARIJUANA LICENSES AT ALL?? PEOPLE OUT THERE ACTUALLY NEED IT.

[Shark Attack]

Hows it been?

[Recentiy03]

Good news for PhytaLab although it appears the market is oblivious. Always good to get in before the rush. Speaking of misguided attention, it appears most are also unaware of the following:


Spearmint Resources (TSX:V.SRJ, Stock Forum) has signed an LOI to acquire a 50% stake in a weed payment processing ‘technology’. This, should they go through with the deal, would put them in line with Abattis Bioceuticals (CSE:C.ATT, Stock Forum) which has previously announced a similar deal.

Worth noting, Spearmint’s not buying into a company, but buying a technology under development. I could get my kid to start work on an iPhone app and put out a press release saying I own “100% of a payment processing technology under development” but it wouldn’t make it real, let alone accepted by consumers and industry. Spearmint has some work to do to prove legitimacy here, as Abattis bought into an actual company in this space.

Also worth noting, when Chlormet put out a news release that mentioned signing an LOI in the weed space, like this one does, the Venture exchange trade-halted and COB’ed them.

Also worth noting, on the positive side, banking in the US medical marijuana market is HUGELY problematic, with security trucks being regularly used to move cash from dispensaries to ‘storage locations’ because banks won’t let weedcos, which are still illegal federally, open accounts.

If Abattis or Spearmint can get a payment processing system going that gets wide uptake, they’d be the Paypal of weed… the PuffPal ™, if you will.

I spoke to Abattis at the conference yesterday and asked them, if they had to make a Sophie’s Choice and only keep one of their many plays in the space, which would they keep. Their answer was not growing – but payment processing.

I agree.

Read more at www.stockhouse.com/news/newswire/2014/05/08/medical-marijuana-update-naturally-splendid-v-nsp-owns-show#evyqg7Fd3SjV7uIC.99
www.stockhouse.com/news/newswire/2014/05/08/medical-marijuana-update-naturally-splendid-v-nsp-owns-show#F4igRhsEMGH0vmPo.99