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MYMMF: Plan of Arrangement - all of the issued and outstanding shares of MYM in exchange for consideration of 0.022 of a common share for each share of IMC for each MYM Share.
FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
Thinking get a nice reversal. They are doing real things, license, growing and more.
MYM Launches Coastal Connection Brand in Select Markets and Renews Health Canada Licence for Highland Grow
https://www.thenewswire.com/press-releases/1BglFRb2d-mym-launches-coastal-connection-brand-in-select-markets-and-renews-health-canada-licence-for-highland-grow.html
https://twitter.com/mymnutra
https://twitter.com/GovCanHealth
https://twitter.com/HighlandGrow
Still no updates looking strong no one is even updating the board. Mid double digits?
That it did gave for a good dip I grabbed 100k
Took a dive today
Idk someone should update the boards
https://www.mym.ca/
https://www.highlandgrow.com/
Hi all what is driving this Ticker up lately? New developments?
Thank you very much
They are slacking then. Some unreal flower https://www.highlandgrow.com/products/
CannaCanada Inc. has 1.5 million sq. ft. 75% owned
Biome 100% owned
SublimeCulture
The Laval facility is a cutting edge, highly optimized, indoor facility that is licensed for cultivating high-quality specialty “craft” cannabis varieties. Included is a mothering and cloning area allowing for exceptional genetic development and archiving.
Huge acreages indoor, light dep and out. Top quality exotics.
This will be high double digits quick people have been quite for some time now. Long swing
Nice and quite building
Lots of private placements. I believe we see something come out of their hemp and cannabis companies soon. Craft
I believe we come back lots of private placements
"MYM Nutraceuticals has closed its fourth tranche of what could be the smallest published capital raise to date. The fourth tranch was 3.1m shares sold at $.06 per share for gross proceeds of $186,947. MYM was setting itself to be one of the larger hemp producersin the US, but the company has since fallen sharply on its face. We will continue to avoid this stock."
source : Highwater Financial
MYM Subsidiary, Sublime Culture Inc., Receives Cannabis Cultivation License From Health Canada
Feb 01, 2020
https://www.prnewswire.com/news-releases/mym-subsidiary-sublime-culture-inc-receives-cannabis-cultivation-license-from-health-canada-300997309.html
NEWS I WANTED TO HEAR!!!!!!!
MYM Subsidiary, Sublime Culture Inc., Receives Cannabis Cultivation License from Health Canada
VANCOUVER, British Columbia, Jan. 31, 2020 – MYM Nutraceuticals Inc., (CSE: MYM) (OTC: MYMMF) (“MYM” or “The Company”) is pleased to announce its subsidiary, Sublime Culture Inc., has received a cultivation license from Health Canada to produce cannabis at its indoor facility located in Laval, Quebec.
The Laval facility is a cutting edge, highly optimized, indoor facility that is complete and ready to cultivate high-quality, specialty “craft” cannabis varieties. Included is a mothering and cloning area allowing for exceptional genetic development and archiving.
“We are extremely excited to receive our cultivation license for the Sublime facility in Laval, Quebec. We are eager to put our team to work on cultivating small batch, super premium, indoor cannabis” said Howard Steinberg, CEO of MYM.
"MYM has sold 3,683,416 shares in attempts to raise capital. The company sold those shares for $.06 each meaning they only raised $221,005, of which $2,664 went to finders fees. This kind of capital raise causes investors to ask many more questions than it answers.Why would a company issue 3.6m more shares for less than a quarter of a million dollars? Please be vary wary of this company."
source : Highwater Financial
https://highwaterfinancial.com/mym-closes-second-tranche-of-non-brokered-private-placement?utm_source=mailpoet&utm_medium=email&utm_campaign=curaleaf-closes-dollar300-of-secured-funding-organigram-posts-great-quarter-innovative-industrial-purchases-virginia-property-marimed-brings-betty-s-eddies-to-massachusetts-mjardin-purchases-luxury-cannabis-brand-robes-inc_383
article published Dec 27, 2019 : 'Louisiana, New Jersey, Ohio are first with approved hemp rules'
'Relative hemp newcomers Louisiana, New Jersey and Ohio have leapfrogged states with more established hemp programs in winning first approval for their 2020 regulations.
The U.S. Department of Agriculture (USDA) said Friday that those three states are the first with approved hemp regulations.
The three plan to allow commercial cultivation for the first time in 2020.'
https://hempindustrydaily.com/usda-approves-hemp-rules-for-louisiana-new-jersey-ohio/
Finally !!
OLD article (published Sept. 13, 2019) : USDA hemp rules drafted and awaiting White House approval
https://hempindustrydaily.com/sources-usda-hemp-rules-drafted-and-awaiting-white-house-approval/
Weeden Project - Anyone know if it’s still being constructed for cultivation of cannabis?
December 2, 2019- The U.S. Department of Agriculture (USDA) is talking about getting real-time hemp information to law enforcement authorities in order to ease interstate hemp shipments.
An information-sharing platform with the U.S. Department of Justice (DOJ) could provide “some level of solution” that shipments are legal hemp…
https://hempindustrydaily.com/usda-justice-department-in-talks-about-real-time-hemp-certification-to-ease-transport/
article Oct 11, 2019 : "CROP Seeking Changes to Under-Performing U.S. LLCs"
https://www.globenewswire.com/news-release/2019/10/11/1928699/0/en/CROP-Seeking-Changes-to-Under-Performing-U-S-LLCs.html
Crop Infrastructure to be bought by MYM Nutraceuticals
2019-11-07 08:24 ET - News Release
Also News Release (C-MYM) MYM Nutraceuticals Inc
Mr. Michael Yorke of Crop reports
CROP SIGNS NON-BINDING LOI TO BE ACQUIRED BY MYM NUTRACEUTICALS
Crop Infrastructure Corp. has signed a non-binding letter of intent with MYM Nutraceuticals Inc., whereby MYM will acquire all of the issued and outstanding common shares of the company by way of a plan of arrangement under the Business Corporations Act (British Columbia) (BCBCA), resulting in Crop becoming a wholly owned subsidiary of MYM.
The LOI provides that CROP and MYM shall negotiate and enter into a definitive agreement in respect of the Proposed Transaction (the "Definitive Agreement") on or before November 15, 2019. The LOI also contemplates a closing date on or before January 7, 2020.
CROP currently has issued and outstanding 170,698,865 Shares (on an un-diluted basis) and, as of August 31, 2019, MYM had 148,363,629 common shares (each, a "MYM Share") issued and outstanding (on an un-diluted basis). Under the terms of the LOI, all of these issued and outstanding Shares are to be exchanged for MYM Shares on the basis of approximately 0.0952 of an MYM Share for each Share (the "Exchange Ratio"). The Exchange Ratio implies consideration for each Share at approximately $0.0229 per Share or $0.24 per MYM Share, based on the closing price of the MYM Shares on the Canadian Securities Exchange ("CSE") on November 5, 2019. Although the LOI does not restrict the ability of either company to issue additional shares to third parties outside of the Proposed Transaction, if we assume that no additional shares of either company are to be issued prior to the closing date, there would be 164,620,664 MYM Shares issued and outstanding at the closing of the Proposed Transaction, after adjusting for the MYM Shares issued in the Proposed Transaction. In addition: (i) all outstanding warrants to acquire Shares shall remain outstanding in accordance with their terms; (ii) all outstanding options (whether or not vested) to acquire Shares shall, subject to regulatory approval, be exchanged for options of MYM, exercisable to acquire MYM Shares, subject to adjustment of the number of MYM Shares purchasable thereunder and the exercise price per MYM Share payable thereunder based upon the Exchange Ratio; and (iii) all debentures previously issued by CROP (collectively, the "CROP Debentures") shall be amended such that they will become obligations of MYM and convertible into MYM Shares at a conversion price to be determined by MYM and the holders of the CROP Debentures on or before November 15, 2019.
Michael Yorke, CEO of CROP said: "As a result of a significant crop loss in September, the Company is not in a position to service its outstanding liabilities and the debt financings associated to maintaining the Company's assets. MYM's talented and well capitalized team has proven to be extremely knowledgeable and reliable in helping CROP realign our strategy. CROP was structured to play a passive role in its joint ventures and MYM has an operating team in place to oversee the assets assembled by CROP and the capital to service its debt and get things back on track. We believe that this transaction is in the best interest of our shareholders."
"The capital markets in the cannabis industry have become complex and demanding," said Howard Steinberg, CEO of MYM. "We are looking to acquire companies with valuable core assets that are poised to benefit from the restructuring expertise our team can bring, in terms of both capital and management support. We look forward to working closely with the Crop team as we develop a financial and operational plan to enable its assets to flourish in the future."
"As CROP's debt obligations to Plaza and associated debenture holders is currently in arrears and the Company is in default, we enthusiastically support the MYM transaction to acquire CROP," said Jesse Kaplan, Principal of Plaza Capital Advisors. "We have confidence in their deeply talented team and ability to restructure CROP's distressed assets to make them profitable. We look forward to working with them on this and potentially future restructuring projects."
In addition, the LOI provides for a binding exclusivity period starting on the date the execution of the LOI until the earlier of: (i) the entry into of the Definitive Agreement; and (ii) the termination of the LOI pursuant to its terms (the "Exclusivity Period"). In the event that CROP breaches the exclusivity provisions of the LOI or accepts an alternative offer during the Exclusivity Period, a break fee of $450,000 shall be payable by CROP to MYM.
The Proposed Transaction is subject to a range of conditions, including, but not limited to: (i) the entry of the Definitive Agreement, in form and substance satisfactory to each of CROP and MYM, which shall include customary terms and conditions (including representations and warranties, covenants, conditions and completion mechanics) for a transaction of its nature; (ii) the directors and officers of CROP, the holders of the CROP Debentures, and certain shareholders owning or exercising control or direction over 5% of more of the outstanding Shares entering into support agreements concurrent with the Definitive Agreement; and (iii) the receipt of shareholder approval for the Proposed Transaction by the shareholders of CROP in the manner required by the BCBCA, the CSE and applicable securities laws.
News out on LOI to take over CROP. I like the path being traveled with this Co. News on licensing issuance for Laval opens the gates. $mymmf
The Laval project? Still looking for the license. Keep looking. How's the Weedon project going? How's the Navajo project.
https://www.mym.ca/projects/ projects are enormous 24 acres of outdoors and this is just starting imo
That's awesome another avenue they are will explore thanks you you! More opportunity.
Original Message-----
From: Investor Relations <investors@mym.ca>
To: D <
Sent: Mon, Oct 28, 2019 01:20 PM
Subject: Re: Cannmart
Hello D, we have not yet considered this but will keep all options open.
Thank you.
On Mon, Oct 28, 2019 at 9:04 AM D <d> wrote:
Once the licence is received and cannabis is produced do y'all have any intention to work with namaste and be added to their cannmart for more exposure? If you haven't heard of it it's basically Amazon for cannabis and anything cannabis related. They also have Pineapple Express delivery so the product can be received that day.
D
Yea def usually multi multi day into weeks. Really looking forward to this company.
I'd bet yes. Once that is issued all focus can move toward Weedon facility. They prob thought Laval was going to be issued much quicker and had Weedon progress moving in parallel based on that. Then pulled the reins back when Laval became stagnated. I like the other company initiatives being made in the interim as well. When the wheels get going again, this one runs fast.
Yeah licence this week?
Once Laval is licensed, everything done there will go towards helping the stalled Weedon project. Once Weedon Phase 1 finished and ready, then they can submit for Licence. Problem lies with Health Canada and the process for license issuance.... not the Co. The Co is doing everything to keep the ducks in order. Current PPS is not reflective of what they have lined up. It's reflective of impatient investors.
VANCOUVER, British Columbia, Oct. 24, 2019 /PRNewswire/ -- MYM Nutraceuticals Inc., (CSE: MYM) (OTCBB: MYMMF) ("MYM" or the "Company") is pleased to provide an update on the progress of the Sublime Inc. cannabis cultivation facility located in Laval, Quebec.
As per the Company's press release dated September 27, 2019, Health Canada requested minor updates. The Company has now responded to Health Canada's requests for updated information and clarification on the cultivation application.
"In our communication with Health Canada, we were asked to provide updated information on our application," said Howard Steinberg, CEO of MYM. "The team moved quickly to satisfy Health Canada's requests and we're now confident our application is complete. We look forward to receiving our license for the Laval facility shortly."
It's hard to believe this hasn't gone out of business yet. Is this actually a business?
free presentation Oct 21 at the Shiprock Chapter
For anyone wanting more information about the Hemp Program on Navajo Nation or looking to get involved. Come out to this free presentation Oct 21 at the Shiprock Chapter. We'll provide info on the history of hemp, cultivation & harvesting best practices, as well as highlight all the business & job opportunities that could be coming soon. Join us! All welcome. Please RSVP.
for more information visit https://www.navajonationfarmboard.com/
source : https://www.facebook.com/BenallyDineh/
Issued & Outstanding:
150,450,586
Reserved for Issuance:
48,805,177
Check out all the updates gone unnoticed.
https://www.mym.ca/updates/
Big things around the corner. Tick tock
article (Sept. 26, 2019) : Nation’s first hemp dispensary to open Oct. 5
https://navajotimes.com/nations-first-hemp-dispensary-to-open-oct-5/
CHINLE
While the Navajo Nation Council was debating the merits of hemp production last year, a coalition of private and public entities was quietly doing it.
“Right now we have more than three million plants on 300 acres on the Navajo Nation,” said Karen Elsworth with the Native American Agriculture Company, which she said has been given exclusive rights by the Navajo Nation government to oversee the licensing, cultivation and processing of cannabis on the reservation.
The company plans to open a dispensary Oct. 5 in conjunction with the Northern Navajo Fair. It’s located at the intersection of New Mexico Highways 491 and 64.
Just to be clear, this is not marijuana we’re talking about. It’s hemp, a close relative with less than three percent of the psychoactive ingredient THC. So why would anyone want to buy it? Hemp contains cannabidiol, or CBD — a compound that has been credited with relieving everything from epileptic seizures to sleeplessness (in spite of scant scientific evidence for most of the claims).
Eventually, the Navajo Nation will have its own CBD brand, Navajo Gold, but for now, “we’ll be selling white-label products from other distributers,” said Ellsworth, who’s in charge of marketing and communications for the company. “This is sort of like a little test to see if the demand is there.”
Based on sales in the rest of the country, the demand will be there. Americans spent $190 million on CBD products in 2017, and that was even before the 2018 Farm Bill deregulated it. Eventually, NAAC would like to lease 10,000 acres from the Navajo Agricultural Products Industry to grow hemp, but for now the company, which is headed by former Navajo Nation presidential candidate and current candidate for Congress Dineh Benally, has enlisted 29 Navajo farmers to grow test plots.
Benally also leads the San Juan River Farm Board, so he has a lot of contacts. This year, admitted Ellsworth, it didn’t go so well. “Nobody knew what they were doing,” she said. “Mostly, it was a matter of digging the trenches and getting irrigation water to the plants, which shouldn’t be a problem at NAPI.”
Seeing the need for education, the company is offering a free seminar on hemp production Oct. 21, and those who decide to pursue it can follow up with a two-week training academy. Partnering with MYM nutriceuticals, Aqueous International Corp. and its parent company One World Ventures, NAAC has an exclusive contract to recruit international investors and organizations to back hemp production on the Navajo Nation.
“Because you’re a sovereign nation, you can do whatever you want,” said Ellsworth, noting that some states are taxing the industry at rates up to 47 percent, forcing growers to look for greener pastures. Labor costs also tend to be lower-than-average on the Nation. The Nation will be able to reap the benefits of hemp production through its tax structure, Ellsworth noted, adding that a portion of all Navajo Gold’s profits will go toward “helping various community programs.”
For farmers, hemp is an easy-to-grow, low-water crop that also replenishes the soil. “It’s a little miracle plant,” said Ellsworth. Eventually, NAAC would like to turn the regulatory end of things over to a tribal entity, Ellsworth said, and back out of the business. “We don’t want to own or operate anything,” she said. “Really, they just needed somebody to take the horse by the reins and lead it. “Now that we’ve got everybody’s attention, things will start happening. These are very, very exciting times."
Top tier OTC making moves with hemp and bio.
Tremendous amount of acres for growing
Hell yea mane looking like bottom in. They have so much land and hemp this will surprise a lot of people I think and will see a 500% squeeze/run imho was $4.00 now $0.11. Way over sold and new bottom in to shake em out while the new of vapes has already taken and been put in place.
Checked out their website they look pretty professional hopefully this person can help bring us to market and help assist in righting the wrongs.
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