RE:RE:RE:Possible Germany LicensesThat had been my assumption up until a few minutes ago but now I'm wondering if I might be wrong.
This is a quote from late last year which really doesn't shed any light either way but it is as close to the horse's mouth that I've found so far:
Alan: Peace Naturals has been a supplier to Germany. How big of an factor will exports and international expansion generally be for Canadian LPs, and what is the Cronos Group strategy?
Mike: I can’t speak for other LPs, but it’s huge for Cronos. International expansion is our biggest corporate priority. We consider ourselves a global cannabis company with a headquarters in Canada. We’re the number one exporter to Germany because we think it’s such a valuable market for distribution. However, Germany is only the beginning. Long-term, I don’t think product exports from our Canadian operations will represent a large portion of our business, but Canada will always be our center of excellence. Our objective is to leverage our IP across our global business based on the competitive advantages we possess in each jurisdiction. Some places are advantageous to produce, some places are advantageous to do R&D, some places are advantageous to distribute, etc. We’re relentless about optimization and will go anywhere in the world that will help us deliver incremental shareholder value.
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As I said that doesn't really answer the question whereas when you look at page 21 of the recent MedReleaf investor deck it clearly states that have advanced to the next round of the licensing process in Germany. I can't speak for the other companies as these are the two I own.
MedReleaf (see page 21)
Are the other companies involved advertising that they are in the final round? I know from talking with Canopy that they are of the belief that the Germans frown upon this being promoted so it is possible some companies are keeping the process under wraps BUT if all the other involved have indeed stated they have moved to round two I'm going to have to accept that CRON is not in it I guess.
Peyton wrote: Buck, Wouldnt you agree that anyone currently exporting there now has a shot at acquiring a license and would have full intentions of going after a license?
I think Emerald may be another as well.
Buckshot26 wrote: Abcann were in the running but an article came out late last year saying they were rejected but nothing official on that. Invesot1964 could be right that Peace Naturals isn't in it as I can't find anything stating intentions to grow there.
Peyton wrote: 1 Canopy
2. Aurora
3. Peace Naturals
4. Tilray
5. Maricann
6. Cronos
7. MedRelief
Who am I missing with a legitamite shot?