I’m going out on a limb (because I don’t know for certain) but I read this as denial of permit to plant/grow/harvest in a particular region. We know they have a permit to do so in other regions because they have already conducted a couple of harvests.
Separately a permit has been denied to export to Brazil & Australia - which is odd, considering that if they had an import permit from those countries why would the Chilean gov’t block it.
A bit disappointing that this info hadn’t already been addressed in an earlier, separate announcement. It would be good to get some clarity from the company on this.
AC8 Price at posting:
42.5¢ Sentiment: Hold Disclosure: Held