RE:Aphria AGMSorry ..did you mean capacity is 7000kg? Not sure what you mean by 70 exactly. Thanks in advance for all the other info. Took a position today.
bmeneses wrote: Just got back from the AGM. Here are some of the points I wrote down:
- Stellar Q1 financials
- Task force will announce Nov 30th, although nothing too conclusive as of yet. They are having difficulties with age, THC allowance, excise taxes, etc.
- They have 52 acres assembled of land for production
- Capacity capability: can produce 70 kilos of medical/rec cannabis
- 100k feet of greenhouse (planning someday to be 1 million feet, which he unofficially promised)
- differentiation: quality in product, utilizing technology
- no pesticides in production, not using organic fertilizer (Vic: not important to consumer)
- need new legislation to allow RCMP shut down the many remaining illegal dispensaries, especially in BC
- assembled brand team to market, RE: Arlene Dickinson appointment to BOD (not in attendance today)
- earliest possibility of rec sales: mid 2018
- further to laws: only Canada Post and Purolator can ship MJ, although long distances pose a problem due to their inability to keep freshness in product (if traveling Toronto to Vancouver for ex.)
- Election US: MJ should soon be legal. RE: IP transfer agreement, Arizona press release today
most important in my opinion, regarding medical distribution channel through Shoppers drug mart.
- only a few LP's can compete in pharma sales, (alluding to executive team's pharma experience, connections)
- talks have already been had regarding this