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Canadian Gold Corp V.CGC

Alternate Symbol(s):  STRRF

Canadian Gold Corp., formerly Satori Resources Inc., is a Canada-based mineral exploration and development company. The Company is engaged in expanding high-grade gold resource at the past producing Tartan Lake Gold Mine Project. The Tartan Lake Gold Mine Project is located approximately 12 kilometers (km) directly northeast of the town of Flin Flon, Manitoba, Canada. The Project is approximately 2,670 hectares (ha) in area and consists of about 20 mineral claims. In addition, the Company owns exploration properties in Ontario and Quebec surrounding some of Canada's gold mines and development projects, specifically, the Canadian Malartic Mine (QC), the Hemlo Mine (ON), and Hammond Reef Project (ON).


TSXV:CGC - Post by User

Bullboard Posts
Comment by Clemmie70on Mar 24, 2014 8:25am
103 Views
Post# 22358638

RE:Tweed full release.

RE:Tweed full release.ATT issued similar news this morning.  

To step back and look at it objectively, the injunction doesn't change things short term. Companies such as TWEED are just getting started. It takes time to establish where you are going to grow, whether it be in a mine or building. You have to hire people who know what they are doing and set up shop. Even then I believe it's three months to grow the plant, and then drying time. A company who gets their license April 1st would need at least until this fall to turn out their first crop, and I think that may be pushing it. It takes time to work out the kinks in the system.

Longer term, the Canadian Government(GOC)  is looking at this as a huge source of revenue. They will most likely phase out the "grow at home" operations for a few reasons. Not only can these people at home be selling off their excess pot to people, but it is also a personal safety issue growing weed at home. From a regulatory standpoint it would be easier to phase these people out. I personally wouldn't want it to be known in my community that I was allowed to grow weed in my house! I wouldn't be able to sleep at night knowing who might be creeping outside my window! Then again, if I smoked a doob before bed I might not care who's outside on my patio. lol

When they first started granting grow at home permits they numbered 200. That number has grown to over 40,000 strong and climbing. From an administrative viewpoint, those are numbers that GOC will not ignore. They will grant growing permits to companies and phase out the do it yourselfers. It is easier to deal with 20 companies than 40,000 Trailer Park Boys. It is coming and the injunction is temporary, more like a warning shot of things to come. 

It doesn't matter if plants are grown in a mineshaft, a building, or an abandoned travel trailer they need growing lamps for optimum growing. Greenhouses are great but then you have our crazy Canadian climate to contend with. This is why they hire professionals 
Bullboard Posts