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Ktownskid1on Aug 26, 2018 3:32pm
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51st is one of more than 700 LP applicants
51st is one of more than 700 LP applicantsInteresting article https://mjbizdaily.com/canadas-licensed-marijuana-producers-and-applicants-soar-past-700/
Click here to read article LP applications in Health Canada's que that haven't been rejected yet climbs over 700 with 76 of those in Alberta. This means 51st is one of 700 applicants and given it hasn't even broken ground they are probably 12 to 18 months from a license at best.
Bruce Linton, CEO of Canopy, s
ays “I think there’s going to be disintegration,” Canopy Growth CEO Bruce Linton told Marijuana Business Daily at MJBizConINT’L in Toronto. “Disintegration happens when people make promises at valuations that can’t possibly be fulfilled, because they have no off-take agreements, they have no chance of doing anything potentially other than building inventory, and probably a third of the money that’s being doled out isn’t actually ever going to turn into any inventory.