GREY:MRRCF - Post by User
Post by
mudpuppyon Jan 16, 2019 5:31pm
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Post# 29242339
midas summary of bw interview
midas summary of bw interview
-legalization in Canada is dried flower, extract market; no more room for development, makes sense to move to Europe
-5 years of learning transplant to Europe -10,000 kgs more going to Europe at higher price points;
-we'd have to look at purchasing a distributor to get the same distribution, but would cost lots, this pairs two companies without a lot of overlap
-now have access to over 27,000 pharmacies, basically everywhere in Western Europe now; 390M people
-gained rationalization of the business; no longer have to buy bulk CBD; can provide own product from Germany etc
-European management team will be leading charge for ICC; pick up some good talent in Poland
-split makes sense to shreholders -no shareholder approval required -still have to do due diligence in Bulgaria, Poland, Denmark -revenue split will equal ownership split
-gets broader framework, completes vertical integration EU GMP facility in Greece; Denmark
-sold 49.9% of international assets to International Cannabis Corp Wayland Group (CNSX:WAYL) CEO Ben Ward