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Pharmacielo Ltd V.PCLO

Alternate Symbol(s):  PCLOF

PharmaCielo Ltd. is a Canada-based company with a focus on ethical and sustainable processing and supplying of all natural, pharmaceutical-grade medical cannabis products to channel distributors. The Company has two subsidiaries, PharmaCielo Colombia Holdings S.A.S. (PharmaCielo Colombia) and Ubiquo Telemedicina S.A.S. (Ubiquo). PharmaCielo Colombia cultivates and processes the Company’s all-natural cannabis into standardized, medicinal-grade oil extracts and related products. In Colombia, PharmaCielo Colombia is a licensed cultivator, producer, and distributor of both TetraHydroCannabinol (THC) and Cannabidiol (CBD) medical cannabis for use in Colombia, international export, and research purposes. Ubiquo is a knowledge management and medical consultation system that focuses on creating access to healthcare for Colombians. Ubiquo is a technology platform and a user interface that allows doctors and patients to communicate. Ubiquo is used as a communication tool.


TSXV:PCLO - Post by User

Bullboard Posts
Post by Dmajormineron Aug 27, 2019 8:34am
184 Views
Post# 30069002

PLCO sneaks in that almost 1 MM RSU's suddenly vest now !

PLCO sneaks in that almost 1 MM RSU's suddenly vest now !
Been travelling and not much to post recently. Just same old fluffy news releases.

Earnings out. Zero revenues. Creso doesnt close to late OCtober so Q3 will also be zero revenues. Bad aquisition anyways.  Cash is a bit higher than expected but liabilities are way up...now $6 MM so right on schedule to be in mid teens after Creso closes and they owe 3% fees plus owe Creso almost $4MM.

https://equity.guru/2019/06/10/creso-pharma-cph-asx-puts-retail-bagholders-sword-pharmacielo-pclo-v-deal/

https://equity.guru/2018/02/18/assad-tannous-spotlight-creso-pharma-cph-asx-hand-1-million-shares/


Biggest takeaway from the earnings is theat they quietly moved up the vesting date on approximately 1,000,000 RSU's.  Now it vests on the date of employement of the employee (which essentially means right now ) instead of date of grant.  Highly unusual move that I've never seen before.  Just more paper coming your way.  Blackout ends Thursday so expect to see more increased selling pressure from this and also all managment who come out of earnings blackout.

Other Columbia cannabis companies all now have their GMP certified labs.  Avicanna and Khiron both leading on that.  Both are at least 1 year ahead on that and distribution agreements and signed up patients throughout Latin America.  PCLO is losing badly IMHO

Bullboard Posts