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Nova Mentis Life Science Corp. C.LIB

Nova Mentis Life Science Corp is a Canadian-based company focused on building and supporting a diversified portfolio of health and wellness businesses. Through its subsidiary, the company is focused on exploring the anti-inflammatory effects of psilocybin in underexplored metabolic indications such as obesity and diabetes and providing a Health Canada Standard Licensed facility focused on the cultivation of AAAA premium, small batch, terpene rich dominant cultivars cured to perfection.


CSE:LIB - Post by User

Comment by rcash1on Mar 12, 2018 11:34am
118 Views
Post# 27700720

RE:RE:RE:No New Licences Today

RE:RE:RE:No New Licences Today
Islandcr wrote: So let's run the time line. What we don't know is when TerrAscend (Solace Health) submitted their video or had that inspection from HC but as of July 10 2017 they got approval for growing. Aug 27th they started growing, sometime in the last couple weeks they got their pre-license inspection of growing operations and today got full approval. 8 months from initial approval (does anyone know how long before that they submitted a readiness video or had inspection?) all the way to final license. The more I do the math in my head and the slower it seems for HC to issue approval the waiting game looks even longer than I had hoped. Obviously every situation is different, not sure why it took them 8 months to get final inspection but does anyone have other time line examples from when a video was submitted to either first initial approval to grow and or final license? 


That's one of the few companies I don't own or follow very well. What I do know is they were involved in a deal with Canopy so it doesn't surprise me they received licenses. Favoritism from HC seems to be getting worse ,only licensed existing LP's that buy applications,equity stakes , or expansion plans getting approved this year so far . HC actually seems to be on a slower pace other then letting the big boys get bigger . Hopefully with the new regulations we'll see a uptick in applications being approved . 
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