RE:RE:RE:RE:News Out
Agreed. Glad to see management taking some initiative. I suppose they are running dark which although I wish for more transparancy to shareholders, it is much better than just doing absolutely nothing. Unfortunately, this news (although significant) hasn't moved the share price or volume very much through the day.
The major hurdle still is the licensing and is what it will take to move the company from just a prospective cannabis licensee to a real business with prospects. I believe that kind of news is still what the market is looking for.
Getting your ducks lined up is a good thing, and hopefully this is just the "first duck" of many more to come. I agree that the planning and sizing of the Telkwa facility is a good beta test and once completed and operational. will give much needed experience and proof to the market of expected performance. Having the expertise of good cultivation personnel (which they appear to have) should greatly improve their chances of high quality product and a trouble free operation. After that, duplicating a proven process should be much simpler and quicker, which could benefit not only expansion in Telkwa, but the build up in Nevada and California should their time come.
I expect that with the Cannabis landscape newly being established and the headlines of limited supply available, that we will see major M&A's in the next few years. IMHO, if MGW is successful in even beginning both Canadian and US projects and with licenses in hand, they would be an attractive acquisition even if their market cap was to increase by multiples from where it is now. There is a lot of capital investment floating around out there as represented by the US companies flooding the CSE.