NOTES FROM THE PREV MEETING IN MONTREAL 📝👀 Notes from today’s presentation:
PREV buying Penta5 for revenue to support R&D. This year's sales $149m. Next year $400m.
They sell a mosquito pack and taking to Walmart, Saudi Arabia, Jamaica etc
That's in addition to 125 patents and 72 products ready to go to market
They expect to close the penta 5 purchase by mid November
He (Stephen Deventer) kept mentioning Aurora in the "we" tense
Aurora has a large database on patients that they are sharing with PREV
price on Aurora’s 12 million options is 13.5 cents
With performance incentives (?)
Someone was filming the first 15 minutes for the PREV investors FB group.
Asterion will get all licenses in australia within 90 days and will break ground in January
With more square footage than Aurora
He mentioned something else... Penta has 1 of 99 liquor licenses in the US. License to make liquor
Their plan is to either sell or license it out for additional revenue and possible dividend to shareholder
In addition asterion and Stephen are taking the lead in Australia. He was invited to be on the government board to influence regulations there
He plans to have a fully automated greenhouse and has mechanisms in place to make it the lowest cost production in the world.
He said No chance of losing any crops
His personal holy grail is the dual gene therapy for diabetes
The warrants at 13.5 cents can be purchased only if they get a sales contract with Jamaica and Costco And the department of defence
He's a smart business man
They are also looking at curing macular degeneration
He is aiming to outdo Aurora, Bigger square footage of greenhouse and lower production costs.
They are aiming to silence the gene that influences both obesity and diabetes
Government and Health care are already showing interest in their dual gene therapy