I had a look at the R&D facility that AusCann bought for over 5 millions. It's among an industrial zone full of factories doing hard stuff like steel, parts, construction materials ... I wonder why. I thought that they would want a farm type area with land where they can set up green houses and grow weeds. It looks like they will never grow anything in Australia. It will probably have a little greenhouse just for growing a little to keep the genetics or perhaps doing some cannabis plant breeding. Look at the facility I can see why one would need 6 millions to fit it out. The satellite shot seems to suggest it's a massive covered warehouse like Bunnings'.
It's unlikely that anything will be up and running there in this calendar year.
Will see what happens to AC8 stock over next week. It has not dropped enough under the last low of 46c to look attractive to play a deadcat bounce.
AC8 Price at posting:
40.5¢ Sentiment: None Disclosure: Not Held
