RE:What if they dont get the licences??Pretty silly question really. There's a tremendous risk in investing in these kind of speculative stocks that depend on a cataylst like licencing being approved. All you can do if you are going to buy shares in companies is do DD and make sure you are investing in the best team possible that can secure a licence. The team they have put together at LIB is pretty solid and have engaged CCI and David Hyde who has a proven record of getting companies their HC approval. Huge upside in getting a licence or in this case two, but not being able to secure one obviously would be terrible for share price. Same thing goes for any pot company if something happens with the legalization process ie delays or rejection of the bill. All we can do is wait and see.