Indigenous Bloom Hemp Corp VRTHF

RE:Email from IR

[WinterC]

They dodged the question so hard! They said on July that they were in the review stage since Feb, 2017. The new facility that they are building should be 3/5 of the way done by now! Investors should be asking them about the progress so they can release a statement about it. If they didn't even start building their new facility how can they reach their goal of having products out by Sechelt by July 1? Have they selected which proposal made the most sense? 

VRT is lucky legalization might be delayed by couple months. Lets just say that they require 10 months for this "state of the art facility" to be complete, they still need couple months for the crops to grow. The crops needs to be tested and approved by Health Canada, we know sales license can take as long as one year to be issued.

VRT managmenet and investor relations should take more responsibility, VRT needs this transaction to go through to justify their share price and to deliever share holder value. Simply saying we done our part of the deal is not enough.

Sell the news is too common with this stock and everyone is waiting for the cultivation license play. Cannavert simply cannot produce enough marijuana to justify share price alone. 

"With the Federal Government's aim to legalize recreational marijuana by July 1st, 2018, our target is to be able to have our products ready for market by that date. Sechelt team's goal will be to select the most economic proposals that can effectively meet the level of quality we require for our medical-grade marijuana without compromise."


https://www.stockhouse.com/news/press-releases/2017/07/10/veritas-proceeding-to-build-state-of-the-art-cannabis-cultivation-facility