so let's talk odc...we're all waiting for this website to be updated and for thc to obtain manu license. but as it happened last year before year end, we got anything but. what do we have outstanding with odc atm...2 manu license applications and 1 or 2 research/cultivation license/permits for jenbrook.
given kenny mentioned it takes 18 months to 2 years for manu license, and the escrowed shares due for release end of 2019, one would assume that the company would not want the license to drop this early in 2019 unless they were confident that the sp would increase with further anns to be at a reasonable price at the end of 2019 when escrowed shares can be sold.
otherwise whats the point right? why have the sp skyrocket and go back down so none of the escrowers can make profit (all though anything over .20c is profit anyway).
or are we somehow deliberately dragging out this manu license application for a more suitable time for everybody involved eg. end of 2019...which again makes sense anyway as it is meant to take 18 - 24 months to process. however does it really matter as we may have the license but not the permit until a much later stage so it would make sense for license to be granted now and the PERMIT towards the end of 2019.
so many hypotheticals! don't mind me, i'm just thinking out loud.
THC Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held