Chris Parry - GNM write up GeoNovus Resources (
CSE:C.GNM,
Stock Forum): This one is so crazy it just might work. What GeoNovus is setting up is the Island of Dr Moreau of weed research. Consider this: Uruguay is down with weed. In fact, it’s so down, you can grow it, sell it, smoke it, eat it, make a hat out of it, use it to wallpaper the kids’ rooms, turn it into a lovely salsa – whatever you want. Meanwhile, in North America, we can’t even grow real hemp for use in polymers because our hemp has to be THC-free, and thus is stunted and limited in its use. If you want to research medical applications in the US, you can’t do human trials because, illegal. If you want to research the medical viability of high THC strains, sucks to be you. If you want to make lotions and creams, you’ll need to find a chemistry teacher with a Winnebago and tighty whiteys. So GeoNovus wants to be the crew that, when your science guy hits that wall, you can turn to them out there in South America and say ‘
here’s what we need, here’s some cash, we’ll give you a royalty on the back end, now do the research.’ Meanwhile, they’ll grow full sized, full use hemp for export and research on their farm facility. And they’ll develop their own IP during third party research downtimes. Bottom line: It’s a $0.04 stock (make that $0.05 as of today – a 25% profit for early movers already). It has the kind of market cap that would cover the cost of a Surrey two-bedroom. It is MONDO new on the scene. And there’s some legacy mining property in there that might get spun off or sold for doughbucks. To me, a nice option for your play money. Full disclosure: I helped them put together their business concept, but I don’t own any so your investment won’t make me wealthy in any way.
Expected to be a Stockhouse client as of tomorrow morning.
Read more at https://www.stockhouse.com/news/newswire/2014/09/18/medical-marijuana-update-the-undervalued-seven#SX906rjYvDg4Widt.99