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Bullboard - Stock Discussion Forum Nova Mentis Life Science Corp. C.LIB

Nova Mentis Life Science Corp is a Canadian-based company focused on building and supporting a diversified portfolio of health and wellness businesses. Through its subsidiary, the company is focused on exploring the anti-inflammatory effects of psilocybin in underexplored metabolic indications such as obesity and diabetes and providing a Health Canada Standard Licensed facility focused on the... see more

CSE:LIB - Post Discussion

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Post by TenFingers on Oct 26, 2018 10:37am

Next Week

Pretty excited about next week to be honest.

My prediction is that we see the first consistent upward movement on LIB this year starting on Tuesday or Wednesday of next week upon AOR announcement.

It's a ticking timebomb to revenue past that point - nothing crazy, but likely a sustainable amount of revenue from JK to allow us to continue to push forward in other initiatives. If I step back and look at everything from a distance, this is what I'm the most uncomfortable with at this point - no revenue yet. And I think other investors might agree.

From there, there is so much potential, even just at the JK location - if they were smart they would immediately launch Phase 2 build-out to stir up investors and have plants in the ground outdoors for late Spring 2019, and also a greenhouse to leverage the sun year-round at that location. (Phase 3? 4?)

These might not make this stock worth 2 bucks, but they will make investors much more confident as longs that we have slow and steady revenue on the roadmap.

GLA
Comment by LANk655 on Oct 26, 2018 11:09am
I look forward to seeing the timeline from when team from CCI visits next week until licensing is awarded. The fastest I think was a few weeks ago, and was approx 1 and a half weeks from AOR submission to licensing, i can't remember which company it was now off the top of my head. But because LIB has been working so closely with CCI, I'm HOPING the timeline is similar! This will be, I ...more  
Comment by ovechkin8 on Oct 26, 2018 11:27am
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Comment by ovechkin8 on Oct 26, 2018 11:21am
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Comment by TenFingers on Oct 26, 2018 11:37am
We'll see what they do.  I personally would prefer them to seek out solifdifying real revenue that is low-hanging and acheivable at home first. I wouldn't have said this with any degree of concern a year ago, or 6 months ago, but at the rate that they've proven they move at, to me it's important from a feasible delivery perspective that we slow down on ideas and speed up on ...more  
Comment by ovechkin8 on Oct 26, 2018 12:01pm
This post has been removed in accordance with Community Policy
Comment by ovechkin8 on Oct 26, 2018 12:04pm
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Comment by TenFingers on Oct 26, 2018 12:22pm
Who said anything about a second site? I'm talking about JK Phase 2,3... JK had initially defined a Phase 2 as a greenhouse add-on over a year ago, and have been plugging their 13 acre prime location now for months in almost every news release. It is a natural next step before Europe, to me. Why would they go for a new location? Sorry, confused. I like you too, but while we're being ...more  
Comment by ovechkin8 on Oct 26, 2018 12:46pm
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Comment by TenFingers on Oct 26, 2018 1:01pm
Can you elaborate on the 3 retial lcoations that are secured at this point? I have not seen this in any news.
Comment by Rookie211 on Oct 26, 2018 1:39pm
WOW, it’s so nice to finally see a good discussion about the Liberty Lesf on this site.  Thanks guys, who ever is right or wrong it doesn’t matter.  The information used in the reasoning is all valuable info
Comment by TenFingers on Oct 26, 2018 2:01pm
"They’ve secured 3 retail locations - im quite sure this also isn’t optimism it’s fact." Seriously, this is important to me, I just went through all the news I have on file, and see nothing about these three retail locations. Is this something you heard from management Ovy? I spoke to Feldman two weeks ago and there were 0 locations secured, so I'm wondering where this information ...more  
Comment by Legacy79 on Oct 26, 2018 2:32pm
Spoke to Feldman as well, his words were they are looking in too securing a few locations! nothing concrete.
Comment by TenFingers on Oct 26, 2018 2:43pm
Same as I heard from him.
Comment by rcash1 on Oct 26, 2018 2:28pm
Few things to point out . First PUF financing was done strictly for their JV in B.C. . So no $ for the Greece project will be allocated from that financing. Although revenue should start to flow in PUF by the time they’re ready to build out a Greece facility, they also have a very low float + just raised at 2$ . PUF does bring some credibility especially with a attachment to Canopy . Second LIB is ...more  
Comment by TenFingers on Oct 26, 2018 3:02pm
I agree with all of this but would add my opinion that the JK outdoor space could be secured for a very reasonable price (100-500K?). Especially if they are leaning toward production of oils, edibles and extracts, they are going to need a very significant supply of material. This is a great path to securing an internal pipeline of what they need to produce these products. It has been proven now ...more  
Comment by rcash1 on Oct 26, 2018 5:20pm
I agree Security for the JK outdoor would be minimal in the long run . Just the timeline is in disagreement. First thing first ,secure x licenses with HC . IMO most companies that have multiple licenses are valued fairly well Outdoor doesn’t start until May 2019 you could easily secure perimeter in March/ April. If JK secures cultivation license they would have no plant count so could start ...more  
Comment by Legacy79 on Oct 26, 2018 6:18pm
Cash, I agree with the importance of NR, could you better explain the business plan on NR for all of us. I know there is vault, edibles and oils attached. So as I see it, they will purchase product from lp’s and resale. They will also use the sma stock/product to create oils and edibles,if  I’m correct so far, wouldn’t the product quality and specs change from each producer they deal with ...more  
Comment by rcash1 on Oct 26, 2018 10:51pm
To be honest NR has been a ever evolving mystery to me since the start of Liberty Leaf . I was around in 2014 when Westar resources announced pending application for MMPR with North Roads  with no disclosure of location other then Metro Vancouver .That was for cultivation . It’s since switched into a sales only production licence . That being said same type of license as Cannmart (Namaste) or ...more  
Comment by michelleb33 on Oct 28, 2018 6:31pm
hopefully to the moon? This is going to 10 cents
Comment by Weedandcryptos on Oct 28, 2018 9:14pm
Michelle you are the most toxic troll on the LIB board. If you think this stock is going to 10 cents why are you  still holding???? Obviously you don't know how to invest. Please just sell your stock and GTFO. Want to make safe gains? buy Apple. I would hate to know you in person, you are just 100% negativity, go see a shrink.  I'm still holding LIB long and strong. It's a ...more  
Comment by michelleb33 on Oct 29, 2018 12:32am
10 plus gains is done. It's a penny stock. Does the chart show any indication that this will get any where near a dollar? No way. See what tomorrow brings
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