RE:RE:RE:How much fear do I have to Have???MYM has "missed" many of their major deliverables, that is a fact.
Another fact is that around the same time that MYM applied for their ACMPR licensing, in the midst of the late 2017-early 2018 bull run, many of the other companies that submitted applications at that time also have not been licensed yet.
I for one, believe that the Laval facility not being licensed by now, is a major monkey wrench in the entire strategic action plan of the company. The entire MJ market essentially crashed in January 2018, and then many licensed companies where able to stabilize and in some cases rise again. MYM would have been able to do that as well. They still will be able to do that. Relative to many other companies applying for licenses, MYM has more infrastructure, more funding/potential funding agreements, management with real credentials, and an actionable and realistic market plan including potential agreements with local and provincial stakeholders and governments, and that is just to get the ball rolling.
Not receiving the license yet may be the result of a few misplays by management, and a few required areas of improvement from their financials to their operation, and the Canopy's and the Aurora's all had these issues as well. However, this mad delay on the licensing, in my opinion highlights a major malfunction with the bureaucratic licensing process with health Canada, and for the last 6 months in MYM's case is comparable to market manipulation.
MYM should have never needed to issue a stock or option or warrant below $1 again after June/July 2018. The licensing process is made to “weed” out companies and producers that do not the many requirements put out to ensure the safe, reliable, and consistent product that is on the market today. MYM should have been licensed 6 months ago, and all of the woes of the last 6 months I am blaming on that license not being issued. I am not blaming management, not blaming promoters, not discarding all of the process that the company has made and getting blinded by the so called “failures”. The license in Laval is the deal breaker for MYM. It is the catalyst that will start the chain reaction for whatever will happen next, be it a takeover, a deal with Quebec government or any other provincial or regional government to be a major producer, reinstatement of Budly and other side projects, a quick competition of Weedon… the list goes on. The potential is all capped up with Health Canada barricading the nozzle.
And just for the sake of it, and with the full recognition of how much of a conspiracy theory this sounds like, I am going to reiterate, the Health Canada delay for MYM is borderline market manipulation, it should be investigated by the IIROC and the Office of the Conflict of Interest and Ethics Commissioner of Canada. Somebody is benefiting from keeping companies like MYM out of the MJ market.