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Core One Labs Inc C.COOL

Alternate Symbol(s):  CLABF

Core One Labs Inc. is a Canada-based life sciences biotechnology research and development company. The Company is focused on bringing psychedelic medicines to market through the development and production of psychedelic compounds, the advancement of psychedelic assisted treatments, and the integration of delivery systems technology. Its subsidiary, Vocan Biotechnologies Inc., has developed and filed for patent protection of a proprietary psilocybin production system using engineered bacteria. It is also the holder of four provisional patents for the development of psychedelic-based pharmaceutical formulations targeting neurological and mental health disorders, under its subsidiary Akome Biotech Ltd., and three provisional patents under its other subsidiary, Awakened Biosciences Inc., for additional synthetic technologies for psilocybin and psilocin production methods. It also holds an interest in four medical clinics, which maintain a combined database of more than 275,000 patients.


CSE:COOL - Post by User

Bullboard Posts
Comment by Leafs4Lifeon Nov 23, 2017 1:02pm
147 Views
Post# 27020111

RE:The whole point of the pump

RE:The whole point of the pump
todaypartlycloudy wrote: Was to get this thing well over 0.75 in order for warrants to get exercised and juicing the company coffers which are running seriously low (just take a look at the terms of the $500k credit facility). Absent this, the company will need to finance. But at what price? Looks like the pump didnt succeed in its goal (yet) so now the question is what SP do they finance at? And how long until THAT closes? Interesting times for this *elite* level mgmt team


This is nothing more than speculation. When I spoke with managment they told me they had no need or desire to raise more money. They have 2,5 million earmarked to build their grow facility and for rainy day. Plus, the grow facility will be built in a modular fashion, so they can use profits from the completed parts to build the remainder. If you don't believe me, call IR and ask Phil yourself.

The line of credit is being used to acquire biomass for extraction. They could be paying 250k in interest and still make money. If you think they should have gotten better terms on the loan then you havent considered the realities of operating a cannabis business in California. Banks won't lend because it is still federally illegal. The terms of any loan will be bad, but considering that LDS is supply constrained and not demand constrained - taking on debt to secure pure biomass is vital to continue operations until their grow facility is complete. 

Danny Deadlock hates LDS management. Take his recommendations with a grain of salt. He has sold all his shares. 
Bullboard Posts