MYM Nutraceuticals Inc MYMMF

Weedon Officially DOA

[WeeblesWobble]

"On November 13, 2020, the Company listed the Weedon land for sale.
...

Subsequent to November 30, 2020 the Company entered into an agreement,subject to conditions, to sell the land for $605,000."

[biketrader98]

I don't see that on their Press page, where do you get this info from?  Was kind of hoping they would finish it for the potential US market when legalization happens.

[biketrader98]

I see it now on the Sedar filing.  Read through it quickly and the only red flag is that the CEO is directly benefiting from the loans being made at a significant interest rate and fee.  

[Jaymac5534]

Financially makes the most sense. Lets get a solid base for a few years then expand through partnerships and or buildings already in place. Hopefully they are looking into the US and Mexico.

[Haiku123]

In an email mym wrote that tthey are focusing their footprint in Canada however as soon as legalization happens in the USA they will look at the options they have at that time

[TheBridge]

It seems that they're more interested in hiding their footprints with the shareholders by not even bothering to inform us of the Weedon sale in a timely matter, they like to leave it to the shareholders to try and discover what they are doing. Not a good sign but it apparently doesn't seem to affect the dreamers.

[biketrader98]

I agree, not a good move to hide this level of information in a filing and not include it in the press release.   Come on MYM you can do better than this!  Your competition is moving up today and we're moving backwards.  If you can't put the full story into the press release, you probably shouldn't be taking that action.  Selling Weedon is a significant move

[Haiku123]

I know the weedon news about longer.They have mentioned in passing that they might be selling weedon and then they took it of their homepage.  I guess they will send a press release when weedon is sold. All the other informations were already out there / IMO

[WeeblesWobble]

From MD&A filed Oct. 29, 2020: "As at May 31, 2020, the Company halted the construction of the Weedon Facility indefinitely while it explored options regarding the future of the Weedon project." That's legal and accounting speak for: "This parrot is no more! He has ceased to be! 'E's expired and gone to meet 'is maker! 'E's a stiff! Bereft of life

[TheBridge]

Weebles, when was the last time they had a material transaction?

[WeeblesWobble]

The purchase of HIghland Grow Inc. The issuance of shares for debt or the issuance of warrants are required disclosure at they have the potential (or actually do) dilute existing shareholders (who are entitled to know whether their % ownership of the company has changed).  Any "insider" loan or share transaction is required disclosure as well. Since the sale of the Weedon land was

[biketrader98]

I agree that the sales quarter was amazing and a follow up quarter of significant revenue growth will move this company forward significantly.  I'd like to see $20M annualized next quarter at a minimum, anything above thiat would be a beat in my opinion. Let's go!

[TheBridge]

Weebles, thanks for the summary and have a great day!

[Muttmom]

But, did they also sell the plans for the Weed Museum and the Weed School?  Those have to be worth at least $1.47 each? LMAO