I noticed their announcement this morning. Always good to keep...

I noticed their announcement this morning. Always good to keep an eye on other MJ stocks to try and get an idea as to where we should be valued.

THC have had a good sp appreciation ever since announcing they'd be entering the Canadian market. We paid $11m for a DL, they've effectively paid about $500k for the holding company with an application to be a cultivator, yet they expect near term revenues and plan to get 37,000kg of dried flower from 20,000 sq ft. We would get 9000kg from that floor space, so don't know how they'll do that. They still have to build the facility (ours is ready built) fit it out (we do that inhouse) and get their license (we have a DL), if only paying $500k the license application is not very advanced.

They have a market cap of $82m with $6m in cash, have a research facility in QLD, and cultivation facilities they are planning to establish in NSW with a permit for research.

IMHO these plans are not achievable within the time frame they state & the 37,000kg from 20,000 sq ft is a joke. I like the company, however we'll be in production well before them.

One thing they are trying to do with an off take agreement is get some of the proposed sales paid upfront - that would certainly help us if we could negotiate something similar.