ASA Gold and Precious Metals Ltd C.ASA

RE:RE:Update on Valens proposed giant greenhouse in Armstrong B.C.

[mesa1]

KelownaClown wrote: Actually, that's good news and shows Valens management know what they're doing. Being a pot grower is rapidly turning into a game of who can achieve the lowest-cost of production, and profit margins are going to be squeezed as the massive facilities that Aurora and many others have built come on-line (which has already started). No one in their right mind wants to compete in that space, especially not as a late entry. The amount of grow space in Canada already exceeds demand, which is why the Canadian pot industry has to promote the notion that we're going to be exporting tons of pot all over the world, which so far hasn't happened.  I have my doubts it ever will because I've never believed that other countries are going to allow us to do export tons of pot to them, they'll want to develop their own industries. Anyway, Valens has a couple, maybe 4, nice-sized grow-rooms in their building at 230 Carion, which is all they need to provide the raw material for fine-tuning their extraction and testing processes. I think Candaian pot growers will be only too happy to sell bio-mass to extractors like Valens, and several Valens exec's are just back from visiting a couple of massive grow operations in Colombia, which has just about the lowest cost of production anywhere in the world. Valens is at the right end of this business. We're about 6 weeks from the Q3 financials, then the legalization of edibles, vapes, and beverages starts (Cannabis 2.0), I assume we'll see the 2019 year-end report in January, about 5 months from now. I've already tripled the cash I put into Valens a year ago, I expect it to double from here by the end of January 2020. Under $3 last week was an effin steal. GLTA Longs!

BCStock wrote:   The giant Valens greenhouse project in Armstrong appears to have been abandoned.  The promotion billboard signs are down and the 40 acre field has been restored back to a pristine state. The neighbors will be happy.  Another similar cannabis project nearby was also stopped and the water supply  lagoon filled in.  Major opposition in British Columbia to projects that might cover valuable farm land with concrete for greenhouses.  Anyone can grow dope, but the money is in the extraction plants.  Probably a smart move by Valens to abandon this greenhouse project in Armstrong/Spallumcheen B.C. 

Well summarized KC. Totally agree with your thoughts and assessments. It should be an exceptional next 12 months for VGW and it's share performance.