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sello

09/17/23 8:51 PM

#1945 RE: ChiefZ #1944

Hopefully, they have been keeping them clean during the certification process. They switched facilities in late 2022, which saved cost but would have sped up the process as the new/current facility meets requirements that the original facility did not and would have taken time as well as money to remedy. The method of certification is similar to most construction processes with inspections at many different stages. Having the initial phase requirements already up to speed may have been when the process of certification began. The equipment was installed during Q1, placed "in service" in Q2, and expected to be operational before the end of 2023.

My thinking was that they might get certification this quarter but it just depends on when it began. 6-9 months on average.

I would think granting exclusive licensing to a company to produce and distribute their product in a targeted market that requires certification would only be granted if the company already had certification but maybe if they were close is good enough.

I'm looking at that supplementary cannabis quota that they were granted in December of 2022 for 2023. I would hope they capitalize on that before EOY. Again I think they need the certifications first.

Definitely showing some progress finally. Hopefully, we are about to see a very well-laid plan come together in a big way.