HIP.V marginally undervalued HIP.v has accumulated dried finished cannabis inventory valued at $8.2 million as of June 30, 2018.
HIP has 124 millions in the bank (cash in hand) generating interest, my feeling they will be very aggressive at branding in Alberta October 2018 and come April 2019 in Ontario if the province chooses to privatize sales.
The inventory keeps increasing... combined with the licensing of the Niagara greenhouse facility for the cultivation of cannabis and the pending approval of the Niagara Facility sales licence amendment application, further positions the Company to capitalize on growing demand for its products in anticipation of the legalization of adult-use cannabis.
HIP has continued the construction and expansion of its Niagara Facility, engaged in various marketing initiatives, and added experienced production and management personnel to build « Up Cannabis » brand and consumer awareness.
***I’m hoping Ontario will adopt a similar plan as the province of Alberta, to allow branding and private sale*** HIP has a net market advantage!!
The Company currently operates cannabis production facilities of approximately 167,600 square feet of indoor and greenhouse production capacity, in the aggregate, of which approximately 7,600 square feet is currently operating at or near full production capacity at its Brantford Facility and approximately 160,000 square feet at its Niagara Facility that is currently being retrofitted. The Company has broken ground and begun construction on the Phase II Niagara expansion which includes 40,000 square feet of processing space and 160,000 square feet of additional greenhouse space dedicated to cannabis production.