TSXV:NSP.H - Post by User
Comment by
WatchLearnEarnon Oct 04, 2018 8:24pm
130 Views
Post# 28748866
RE:RE:RE:RE:RE:100 million market cap Here we come
RE:RE:RE:RE:RE:100 million market cap Here we comeThe sooner the better of course, but they just submitted the application at the beginning of July and the Office of Controlled Substances only has a 50% success rate at making approval decisions within their stated "service standard" period of 180 days.
Even the base 6 months period could easily put the decision date into the first week of January 2019. We haven't even seen a news release about their inspection yet, and virtually all companies applying for cannabis licenses announce their inspections, typically a day or two after it happens.
Don't even get me started on whether the shift from the medical marijuana regime NSP applied under to full recreational regulation might also introduce delays into the application, inspection and approval process...
AletLeBains wrote: Your mentioned dates could be right. But it could be getting announced also tomorrow. Don´t be so bashy :-)
WatchLearnEarn wrote: It could also be Dec. 31 or possibly the first week of Q1 2019 even if the license is actually granted in 2018. No reason to be so pumpy.
AletLeBains wrote: and it is anticipated that NSP gets this licence in Q4 2018. So it could be announced any day now