Rare opportunity!!I see this as a good time for the little guy to get in at lower prices IMO Love the companys plans for the future and I personally will ride this puppy out. If the Cons get booted in 2015 IMO the little guy or working stiff wont be able to buy into these start up companys, at these prices. So GLTA LONGS and Due your own DD!!
Our Q2 2014 financial results indicate a strong and stable positioning for Bedrocan as we transition towards domestic production of our medical grade cannabis," stated Marc Wayne, CEO of Bedrocan Cannabis Corp. "Having sold a steady and uninterrupted supply of our products since February 21, 2014, combined with our healthy cash balance and working capital position, we are well capitalized to execute on our current growth plan."
Outlook:
Bedrocan has implemented a two-pronged approach to the development of its business operations in Canada. Currently, the Company is importing, re-packaging and distributing its medical cannabis in Canada received under its exclusive licensing arrangement with its Netherlands-based partner and shareholder, Bedrocan BV. These activities are being carried out in Bedrocan's existing 3,500 square foot distribution and patient call centre, located in the Greater Toronto Area.
Concurrently, Bedrocan is building up its patient and healthcare practitioner database while it ships its existing medical grade cannabis varieties, thereby positioning the Company to better leverage into the next phase of its business development strategy.
For the second phase of its strategy, Bedrocan will be scaling up its domestic operations through the design and construction of a state of the art 52,000 square foot production facility, with an annual production capacity of 4,000 kg expected to be completed in December 2014. Bedrocan BV has been managing the design and now overseeing construction of the production facility, leveraging their expertise and a 13-year successful track record of medicinal grade cannabis production and inventory management.