Not quite correct but the reality is, it does not matter. You could have Mr. Foran or Mr. Bain say exactly what I am going to put into this message and it still would be left to Bill to be the expert on the issue.
What Health Canada is saying is accurate and it is correct when it is stated the issuing of a license to grow medical mj is not contingent upon the town first granting the required approvals.
What you do not recognize, or some refuse to acknowledge even in the face of notes from the towns meeting is this.
Site #1 at 20 North Rear Road is in an Agricultural zone, but you will note Health Canada does not go beyond the term whereas the town does. It is in an Agricultural Value Added Zone. If this was a tomatoe factory, to stick to Bills comparitive model, they could grow tomaotoes there and ship them out. However if they wish to make sauce or canned tomatoes, unless they received a zoning amendment approval, they would be restricted in space alloted to that activity. That is a point not covered by the blanket Health Canada statement. Health Canada might say it is a farming activity but if that farm was located ni the middle of an area where there were primary schools, the town is well within their rights to not allow that activity to take place there, even if it is called a farm. That is why they are considering new amendments to their bylaw to not prohibit, but to allow for this activity in areas designated by them. It is not a matter of whether medical mj is classed as an agricultural crop, but what is done with that crop after harvesting. To that end Bill and Company have recognized and acknowledged that point by applying for the zoning amendment with the town.
The current by law amendments being considered will affect everyone, including CEN depending upon what sites are caught in the new amendments if approved. 20 North Rear Road might well remain Value Added or the town might remove that designation allowing for CEN to not be limited to production space and number of employees. Since, as posted yesterday, when a town councillor asked the TOWN LEGAL COUNSEL, if there was a basis upon which to grandfather an applicant it, the town counsel said (not exact quote but it is on Page 69 of the July 15, 2014 town meeting minutes and was posted here yesterday) , no, because no facility has been granted approval for a medical marijuana facility.
It is not about being negative, it is about facts being posted which are facts, regulatory facts, not speculation. It is the Value Added Designation which would limit CEN to the 6000 square feet and five employees per shift as detailed in the towns zoning by-laws under Value Added. You will note, again, that Health Canada does not use Value Added when using the term agricultural. In other words this would allow for the growing of a crop but not the processing of that crop on that site unless that processing was done under the current size and employee restriction.
None of this is going to make or break the share price. The anxiety level is ramping up as proposed important dates for being granted a license, putting in the first crop, harvesting, are not met. What will make the share price is getting the license. What will break the share price is not getting the license - not what you or I or Desmond Fargo, or AB or Bill says, or promises or alludes to.
Why posters continue to say Bill is correct regarding grandfathering when the town legal counsel says otherwise is beyond me but given the rampant positivie and negative speculations being tossed about, it is understandable that you choose to believe what you want and disregard the rest. The point of view you are proferring, particularly with the last paragraph is simply wrong.
Health Canada can grant the license but if the town does not allow for the activity it will not be able to conduct that activity within the town. If the basis for your investment is built upon believing CEN and Health Canada can do what they want in Lakeshore, you are mistaken.
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