What this means is that not just one but two possibly even all three of their facilities will be licensed simultaneously. This is huge.
I think we can start spreading the word that a license should be announced fairly shortly. But the company has been very clear that they have always planned on starting production in september.
Take away: MMPRs are a lottery ticket (we have to keep that in mind) but a lottery ticket in which the odds are winning are very high if you are a licensed producer. My investment in Canada has never been about the 40,000 MMAR nor the potential 400,000 patients through medical legalization not even the 3 million+ recreation users. MMPR is basically giving Canada a head start in the global manufacturing of top-grade medical marijuana. while marijuana can be produced more cheaply around the globe. Canada is creating a new standard of marijuana that will rake in billions. And as medican will be the largest grower in Canada it will benefit the most from a global export market. I salivate.
I keep scratching my head trying to figure out the reason for the sell-off. Then I decide that it will be impossible to understand and I buy more shares. If anyone has been holding and hoping for the stock to just 'go back up' I think you are missing out on a great opportunity. And come september, you will be kicking yourself for not adding more when it was this cheap. I had pot stocks that were virtually worthless before january 1st. I decided not to add at all. I keep kicking myself for not buying those lows. I ended up making 200% gains. but I easily could have made 1000-5000% gains.
I'm keeping my ear out for positive news. I hope everyone else does as well.