ICC International Cannabis Corp WLDCF

Foreign LPs making their presence felt.

[JohnnCash]

Thought I'd start everyones weekend on a positive note.

Harvest One (TSXV:HVT) is a Canadian licensed producer with grow operations in British Columbia and Saskatchewan. Their CEO Andreas Gedeon was recently interviewed and was asked about their sudden strategy change in regards to expansion.

Q: Earlier this year you announced greenhouse expansion plans at your Duncan facility but later in year changed these plans to a different site, the Chemainus facility. Can you explain the thought process behind this change?

A: The reason for the change in plans were two-fold. First, we made a strategic decision to change our expansion plans from greenhouse to indoors to produce a higher quality product. Effectively, greenhouses usually produces lower extraction grade cannabis and we eventually see this side of the market being supplied by foreign imports where the cost of production will be far less than anything possible in Canada. We have also seen massive square footage greennhouses announced by our comptetitors across the country including some major facilities here in BC. As a result, we see this segment of the market being well catered to in the near term and decided to focus on producing a premium product where we can ultimately generate a higher margin.
Second, (not going to bother typing out the rest)

This response gives me a boost of confidence because it assures me that domestic producers CAN NOT compete with the operating costs of a foreign LP and that there will be minimal overlapping of markets in terms of growing for medical, rec, extraction, etc. 
Not even ACB, APH or WEED are a comptetitve threat to what ICC is doing in South America. So, in my opinion, this reaffirms the possibility of being acquired.

In conclusion, if you are not long you are wrong.

Have a good weekend

[blackace]

Thanks John, yes this reinforces the need for 'cool' zone growers to expand into the 'hot' zones.  Columbia will be ground zero for ICC's growth; more so then Uruguay.  They need to get plants in the ground there asap.  Wish management would update on this.