RE:Just Wait For It.I guess I just answered my own question - once Experion receives their the letter from Health Canada authorizing them to produce under Canada's ACMPR - Also - again the update on the fact that the build in Mission is now complete - Not surprised because they mentioned in a previous NR that they were fast tracking the build out.
Experion has now completed construction of its indoor marijuana production, secure storage and processing facility located near Mission, B.C. Under new Health Canada guidelines, which became effective in late May, 2017, Upon closing of the offer, the offer will result in a reverse takeover of Morro Bay by Experion. The offer is subject to the acceptance of the exchange to list the shares of the resulting entity on the exchange. Additional conditions must be met in order for the offer to be completed. It is anticipated the final closing and listing of the resulting issuer shares on the TSX Venture Exchange will not occur until Experion has obtained its licence to produce medical cannabis products pursuant to the access to cannabis for medical purposes regulations (ACMPR).
As previously described in Morro Bay's June 7, 2017, news release, Experion has received a confirmation of readiness letter from Health Canada in regard to the Experion ACMPR licence application. Experion has now completed construction of its indoor marijuana production, secure storage and processing facility located near Mission, B.C. Under new Health Canada guidelines, which became effective in late May, 2017, the facility is not required to undergo a prelicence inspection in advance of issuance of the licence to produce; however, Experion was required to provide evidence of the facility's readiness to commence production. Upon completion by Health Canada of its review of documentation submitted by Experion (demonstrating its readiness to commence production) and completion of any remedial work required by Health Canada, Experion anticipates receiving its ACMPR licence.