RE:The week that wasI think one of the underlying things that everyone needs to bear in mind is that Jeff has made comments about Canada taking much longer than expected. The primary reason is that they can't source/do everything with only one entity. In the CDN case it appears to be at least three entities that are required (supplier, manufacturer, distributor). Couple that with the necessary regulatory hurdles and you see this has dragged on for longer than Jeff or us as investors would have liked.
However, from a glass half full perspective it does mean the barrier to entry is a long one and they now understand the requirements to make this work. This ultimately means they have lessons learned moving forward for say expansion into Nevada or anywhere in the US for that matter. Not going to touch the whole New Zealand idea mentioned last week as that is extremely far down on the totem poll IMO.
Ideally, knowing what they know even though it is CDN expansion vs. US NV expansion, there are still going to be the same challenges. The fact they know what they are allows them a better understanding of how to overcome them, how to allocate resources/time/effort to those tasks and how much (ballpark) it should cost.
All in all, after letting the news sink in, I'm happy we could be considered a multi-national company in the not too distant future. One with a low share float, solid management, no goodwill and no intangibles.
BTW this doesn't even include the fact we have a premier facility in the largest shipping port on the west coast, subject to a 1% tax rate and a guy running it who is potentially over-qualified.
AND
We haven't commissioned the facility or announced any co-packing deals yet, plus Baron Davis has yet to make a splash.
Shaping up to have some real fireworks for New Year's.
MJ1