RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Anyone out there?Thanks for the info. Do you have a timeline for when (and why) they failed the first time, and when they began the second? I recall rumours about VODIS refusing to schedule inspections with HC, but I have not seen those substantiated.
I agree that there is still opportunity to "come to the party", but from a shareholder's point of view, the failure to be ready with product and licence for recreational sales is significant and difficult to forgive. This has cost huge revenue opportunities, and will make it more difficult to establish future supply agreements.
What are you basing your statement about VODIS having a history of producing high quality cannabis on? The only place I have heard that is here on the Stockhouse board and on the VODIS site. Without product, how can they possibly maintain a reputation?
I am also concerned with the lack of success with the US model. This looked like a smart move to me, but it does not seem to be paying off. Is this because the potential isn't there, or is VODIS failng to capitalize?
Every day without a licence allows the competition to pull further away. I hope you are correct when you say they are "days away" from a licence.
StephenJD wrote: To chime in here,
Vodis failed their first application to get licensed. What you are looking at is information from the first and second application.
the second one having been started late last year, but taking a lower priority for HC because of all the other applications they are trying to process, and failing the first application doesn’t leave them as a priority.
im, personally, confident that we are now days away from the issuing of a license, because they have been very stringent about the process this time around.
patience here will be rewarded, and Vodis already have the history of producing consistently high quality Cannabis.
As for Health Canada??!! I'm sure things south of the border are much more efficient than here, as im sure you are aware. Cannabis legalization is a new paradigm for everyone, and this license delay doesn’t worry me one bit either.
chuck Rifici (of Auxly, and Ex tweed) who tends to be the man the media here like to ask, says he doesn’t expect us to hit saturation point for atleast 3 years, so Vodis still have time to come to this party.
let the USA legalize further and that timeline will get put back further.
in short: hold on, license very soon!!!