RE:Whats up with bevcanna Does anyone know the current state of the Bevcanna/NL deal that they signed in Sept of 2019. It was supposed to be for both the provision of oil and the use of their emulsion technology. It was a 3 year deal contingent on commercialization of Bevcanna's operation within 12 months of 2.0 legalization (which would be the end of this year).
How do we define commercialization? does it mean that the beverages are ready to add to the market or simply that they have their license?
As a NL investor this is important because I think their current stock price proves that there are eyes and confidence in the company. People are investing in them getting their license.
It is a little frustrating because last year a lot of marketing was done in Sept outlining the deal, and this year it seems that they have gone quiet about each other. When I talked to NL IR last they said they couldn't provide any info about Bevcanna and didn't know where they were with production. Any phone number I try to call for Bevcanna doesn't go through.
If Bevcanna goes into production - there is huge potential for oil sales. But, is there still a deal or not?