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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 TenFingerson Apr 19, 2018 1:52pm
87 Views
Post# 27912498

RE:Licenses

RE:LicensesYou are talking about conditions that are under the control of Health Canada, not the company. Will hopes to have the licenses TODAY. IR that paints a story of over-optimistic and unrealistic estimates would likely result in the stock being punished more than rewarded, so they are erring on the side of caution, which is competely expected.

At the time that both of those articles were published, HC was trickling out licenses at less than 1 per week (we even missed an entire month if I recall correctly). Last few weeks have been 2-3+ per week.

Because of where we are now, and the fact that companies that have most recently received licenses entered the queue at roughly the same point as us, there is strong speculation that our number is coming up sooner than later (I myself believe that 1-3 weeks is a very reasonable assumption). Combine that with HC's ramping up issuing these licenses, it makes it even more likely that we'll be hearing some news soon.

It won't make us rich, but it will be a key milestone in this story that most of us re looking for, and I expect a lot of new money will enter the stock at that point.

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