GREY:VRTHF - Post by User
Comment by
Extallioneson Apr 01, 2019 9:50pm
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Post# 29567303
RE:VERITAS HEALTH CANADA LICENSE - up 37%
RE:VERITAS HEALTH CANADA LICENSE - up 37%Yea, it's weird. That's from the News Release dated October 23, 2018.
From the corporate update dated March 27, 2019, Veritas says the following:
"Cannabis Production and Processing Facilities On October 23, 2018, Veritas announced a strategic investment in a Cannabis production facility in Kelowna, BC. Through this agreement, Veritas will have a 25% ownership stake in a 10,000 square foot cannabis growing facility in advance stages of being licensed under the Health Canada Access to Cannabis for Medical Purposes Regulations (“ACMPR”). This building will accommodate up to four Micro Grow licensees each with approximately 2,100 square feet of growing capacity and estimated production of 80kg each on an 8-week cycle. Veritas maintains an option to increase its ownership of this facility."
It would be nice to get clarification on this point, but I would be more inclined to believe current management than Dr. Lui, considering the current situation with the million dollar loan that was orchestrated under his leadership.