RE:Why aren’t we building more with hemp?Hmmm.... thought someone said news next week. Nice to see that the company releases timely news as soon as it becomes material. Regardless of the calendar week. It's no secret the company has been exploring the upside of the Hemp side of generating CASHFLOW.
In the news release its so obvious they had to word it carefully as to not cross the threshold of tipping the hat to the exchange of a change of BUSINESS has OCCURRED. To many made this mistake and had the exchange halt them for months as they try and reclassify.
Good on Cavan for airing on the side of caution. As this advances one can be nearly certain they have a plan on how to branch this off into the agriculture sector well maintaining exploration focus on the great assets they have. This will be a real benefit for us longs or those just tuning in.
Back to the News release.... you can be sure that they have this more definite than they could let on.... this is fine by me as I look at the bigger picture and how they could unravel the hemp business. This is a real tipping of the hat on entering the HEMP side....which is a multi-billion dollar sector. I lot less hoops to jump through to get operational TOO! I have done lots of research on this sector and like the upside and path they choose to undertake.
In closing...another key point in the news release is the location - Philippines. Not only is it HEMP FRIENDLY, a large consumer, but everyone knows that having ASIAN support does wonders for the share capitalization.
I bet the company has no trouble raising "hard Dollars" in a financing now.
All around, pleased with the latest developments and will remain as a long-term shareholder.
I get the impression Peter is putting a lot of effort into making this company his most successful endeavor to-date. I like it when senior management are vested and spearheading in a fashion to make this the deal to set them up for the future years.
Friday regards,
Tommer3
PS: Bet the next release will be some serious money being put up and a drilling announcement.