RE:RE:RE:RE:RE:RE:CALIFORNIA UPDATEMidSizeInvestor wrote: Sidesh0w, you have hit on one of the main points I'm left wondering about. What will happen in Calif? The plan presented at the Shareholder Reception in Feb, was for nine new greenhouses in 2017. Will the collective own the plants, or will MGW? Does MGW have a license for plants in Calif?
Things have been very quiet for the past 4-6 weeks. I've notices a real reduction in MJ industry stories in the Financial Post, which was after the talk about a MJ bubble in Jan and Feb. This video https://www.youtube.com/watch?v=UDtEQjYjy_c talks about many of the weak players that will fall off the radar screen. Maybe our concern about the lack of news was not shortcomings on the part of MGW.
I hope the drought is over and we will now have a steady flow of information, which assumes steady progress in BC, Calif and NV.
That is a good question about the collective, and I do not have an answer for you. I was assuming that since recreational sales begin January 1, 2018 in Cali, some of the money from the PP would be used for expansion there, some for Canada, and some for Nevada. They were trying to raise $6M but raised over 7, and so I think that this bodes well for investors.