RE:RE:RE:RE:RE:RE:RE:contracts and weed supplysotypical... billybonk couldn't have said it better. Business deals are very complicated, and not everyone gets how convoluted they can get.
-Contractually they won't be able to release any news until any of the deals are finalized.
-They won't be able to finalize a deal until they have a licence.
-Evidence package has been submitted to HC ***Licence is pending***
-If a company makes unsubstantiated claims about a deal affecting the stock price, either way, they will be in a legal predicament.
-Without a licence they can't even produce any MJ extractions
There are many pieces in the air right now and soon they will all come together. Nextleaf is real, I have seen it. It's just a waiting game until we get the licence... then "BAM" contracts and legalization 2.0. With all the new products coming out extractors like Nextleaf are going to be in high demand.
Who knows where the SP will go...
My .02
sotypical wrote: either they have supply contracts and extraction agreements in place or they do not all it takes is yes we do or no we dont its not a complicated inquiry at all;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;
billybonk wrote: Actually, IR can be very limited to what they can say in an email. They must be very careful not to create a scenario of "individual disclosure." That's why they have NRs, so every one has equal opportunity to process new and important information. Also, it isn't so easy just to have a deal or a contract in place, a simple hand shake isn't legal. In order to finalize a deal with any company could potentially involve audits, due diligence to ensure all parties involved are in compliance with HC, terms and conditions of payments, correct banking procedures, legal stuff like insurance, liability etc. I's must be dotted and T's crossed. Before Paul Pedersen announces any contacts or deals etc, all the legalities have to be in place. I wish it was easier but with any business, especially marijuanna, things take time.