IGS (ASX) Medical Marijuana

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Originally posted by cashngrab ↑

Hi MeToo,

No they don't as yet With Due Diligence now completed IGS and its advisers will be rapidly finalising formal documentation associated with the transaction, which has been advancing concurrent to Due Diligence.

- Winter Garden Biosciences has taken delivery of its first 1,000 kgs of seed and commenced planting of its maiden crop and preparation for control work in greenhouses

Once the Due Dilligence is done IGS will be in a great position,

Winter Garden Bioscience is fully licensed to export cannabinoid products, including its high-potency CBD extracts. The Company plans to primarily target wholesale distribution partners which have developed CBD based product lines in the United States, Canada and Europe. This includes pharmaceutical and nutraceutical companies, in addition to companies focused on the marijuana marketplace. Winter Garden will also look at making its products available to retail consumers in North America and Europe which will supplement its wholesale revenues.

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Hi cashngrab,

Quote from cashn…. - “No they don't as yet With Due Diligence now completed IGS and its advisers will be rapidly finalising formal documentation associated with the transaction, which has been advancing concurrent to Due Diligence.”
Due diligence was announced as completed on 13-Aug-2015 [7 weeks ago]

Quote from cashn…. - “- Winter Garden Biosciences has taken delivery of its first 1,000 kgs of seed and commenced planting of its maiden crop and preparation for control work in greenhouses”
Or so they say and so they said 12 months ago under the GeoNovus banner

Quote from cashn…. - “Once the Due Dilligence is done IGS will be in a great position,”
Due diligence was announced as completed on 13-Aug-21015 [7 weeks ago]

Quote from cashn….- “Winter Garden Bioscience is fully licensed to export cannabinoid products, including its high-potency CBD extracts. The Company plans to primarily target wholesale distribution partners which have developed CBD based product lines in the United States, Canada and Europe. This includes pharmaceutical and nutraceutical companies, in addition to companies focused on the marijuana marketplace. Winter Garden will also look at making its products available to retail consumers in North America and Europe which will
supplement its wholesale revenues.”

The above, in my opinion is nothing more than a plan, they say they are licensed, as yet WG have no product, WG plans to target partners, there are no partners, there has been no ann. to celebrate new partners and if the go into retail marijuana sales in North America and Europe they have no product or if they are planning on selling bud and leaf, if they have any, every other man and his dog will be trying to do the same.

Quote from IGS ann. 01-Sep-2015
“The Company advises the SFEG chapter 11 filing (referenced below) has no effect on the status of the WG transaction and it expects to execute binding agreements with Winter Garden in the coming seven (7) days), with a Notice of Meeting to be finalised and sent to the ASX for review soon after.”

SFEG – No effect – Realy.
Binding agreement - This one is now 4 weeks late and I know they said “expects”

Medical Marijuana, page-16

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