GREY:MRRCF - Post by User
Comment by
DSeng89on Jan 08, 2019 9:09am
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Post# 29199311
RE:RE:RE:RE:Maricann Group Inc. Completes Corporate Name Change.....
RE:RE:RE:RE:Maricann Group Inc. Completes Corporate Name Change.....That's just the nature of the beast. We know they're a quarter behind most of the LPs, but it's not like they are the only ones experiencing delays. Aphria Diamond isn't even licensed yet so they still only have 35,000kg annual capacity. We're at 16,000kg+ with the additional rooms we've just received licenses for. We'll start to see more traction in the next few months as they slowly begin ramping up. Legalization just begun and the industry is no where near maturing.
scottyBoy8 wrote: scottyBoy8 wrote: EmergingDD wrote: That’s it? No update, no guidance, no nothing. Pissing me off man.
Exactly my thoughts. I think the people would appreciate any form of update from management but just silence. In my view it isn't hard to keep your investors in the loop with even a small update and usually results in the SP moving higher but it's just crickets right now from management. I feel like they're cash burn rate is going to result in another round of fiancing soon maybe why they are delaying updates and catylsts to soften the blow when they annouce the financing. All just speculation but an update from management would be nice IMO.
I know they just annouced the 7 new grow rooms but it will takes roughly 4 months from seed to harvest and then 2-3 months to sell the product through the OCS or Germany and actual have the cash come in.