Smile be happyAurora announced today both it's Aurora Sky and Medreleaf facilities are now fully licensed by Health Canada for production and sale of Cannabis and cannabis deriative products, adding over 128,000 kg per year.
Aurora Sky
With the entire facility cultivation space now licensed by HC, the companyanticipates the facility to be fully planted in March 2019, with full impact of product available for sale to be realized by end of June 2019.
MedTReleaf
Anticipated to be fully plantedby early April 2019, reflecting a production capacity of 28,000 kg of high quality cannabis per annum.
So HC was in Kincardine to approve a few rooms, but didn't complete the inspections of already completed rooms!!!!
And then the Aurora NS states that everything at their end is now approved.
This is not a negative post, it only makes me question what are we dealing with, nothing was really explained regarding the completion delay, the RS, no updates on Lesotho, Ultra premium.
By Q3, the major players will start showing strong results, and by Q4 the market will show who will survive.
With an average Q2, and unless something changes, it would appear Q3 will also be average, I know the hard core supporters have confidence in this company, but as an objective investor, the company hasn't instill much confidence in me. I was confident in the fall when I believed the construction would completed by end of 2018, which could have given us a good Q2, and excellent Q3, giving the company strenght and momentum, claiming its status as the leader in the production of premium cannabis in the country heading towards Q4.
No hype, limited exposure, no updates, I'm not sure how this stratedy is suppose to attract institutional investors.
IMHO